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Greetings!
Public Radio Capital, the not-for-profit parent organization of the Public Radio Fund, is pleased to bring you this update on the Public Radio Fund.
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| $500K from Hull Family Foundation Tops 2009 Investments |
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 More than $1.2 million in new investments in 2009 are helping to build the Public Radio Fund. Leading the growth is a significant investment from the Hull Family Foundation, assisted in their due diligence by Imprint Capital Advisors. Blair Hull, speaking on behalf of the Hull family said, "We are excited about the work of Public Radio Capital and the Public Radio Fund. This commitment fits our investment strategy and helps strengthen public radio, a critical media source we value highly." The Public Radio Fund, established in 2007, is the only lending source in the country dedicated to financing public radio's future. Early investors include Calvert Foundation, Ford Foundation, Nonprofit Finance Fund and NPR, Inc. The Public Radio Fund is currently seeking additional investments to fully capitalize a projected $15-million loan pool. |
| Calvert Creates Global Impact Ventures Fund, Includes Fund |
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The Calvert Giving Fund has added a Global Impact Ventures Platform with five investment options, one of which is the Public Radio Fund. The Public Radio Fund is the only option that is U.S. based. The Calvert Giving Fund offers socially responsible investment options through its donor advised funds, as well as community investment notes that pay a below market rate of return and finance community development projects. |
| Trillium Features Public Radio Fund in Newsletter to Investors |
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A pioneer and leader in the social investment industry, Trillium Asset Management Corp. (Trillium) has investor commitments of $465,000 for the Public Radio Fund. Trillium is the oldest and largest independent investment management firm in the U.S. exclusively devoted to socially responsible investing. Clients choose Trillium for its leadership in proactive, change-oriented social investment and its cutting-edge approach linking financial, social and environmental outcomes. Read about the Public Radio Fund in Trillium's Community Investment Profile . |
| Public Radio Fund Backs KERA Dallas FM Acquisition |
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The Public Radio Fund is an important lender in KERA's recently announced acquisition of Dallas radio station KVTT 91.7 FM. Public Radio Capital brought the deal to KERA and helped build a financing strategy for the $18 million, 100,000 watt acquisition. In this difficult financing climate, KERA was able to take this important expansion step with the support of four lenders, including The Public Radio Fund, National Cooperative Bank, and FJC. The noncommercial listener supported station will bring a new music mix featuring young and emerging artists to the airwaves, complementing KERA's news and information format in Dallas, a market of 5 million people. The transaction will be completed this fall.
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