What's the difference between program-related investments and mission-related investments? Womble Bond Dickinson Director of Impact Strategies Mark Newberg offers a simple explanation in just two slides.
- PRIs are permissions within the charitable, or program, side of the foundation. PRIs allow foundations to make profitable investments, as long as it meets the charitable purpose of the foundation.
- MRIs are permissions within the corpus, or endowment, side of the Foundation. They cannot jeopardize the health of the foundation. However, non-financial factors ("mission alignment") can be considered.
This is the fourth in a series of Womble Whiteboard videos. Stay tuned for future installments.
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