Program-Related Investments Grant

The Rasmuson Foundation, established in 1955, aims to empower Alaskans through program-related investments (PRIs). These financial tools, which include loans and equity investments, support charitable projects in housing, economic development, and nonprofit facilities. By increasing access to credit for nonprofits and community developers, the Foundation fosters homeownership, entrepreneurship, and community stability, while avoiding high-risk ventures that stray from its charitable mission.

Since our founding in 1955, we have worked hard to improve the lives of Alaskans through grant programs and initiatives that people can rely on.
Program-related investments, or PRIs
Program-related investments, or PRIs, refer to a collection of financial instruments that can support a charitable project or activity. Usually structured as loans, PRIs also can be equity investments, linked deposits or loan guarantees.
Types of Projects
Rasmuson Foundation looks for PRI opportunities in family, workforce and senior housing; community and economic development; and nonprofit facilities.
This type of funding can be used to encourage and support homeownership; employment; entrepreneurship; safe, secure and affordable housing; access to essentials like childcare, health care and food; community stability; redevelopment of blighted properties into useful community assets; and nonprofit sustainability.

Eligibility

To achieve these charitable outcomes, the Foundation uses PRIs to increase availability of credit and capital to nonprofits, nonprofit intermediaries, banks, community development financial institutions, and small-business developers.

Ineligibility

The Foundation avoids PRI projects that are bankable through traditional venues; could weaken the borrower; that seek debt reduction associated with a current loan; or that support high-risk business ventures not consistent with the Foundation’s core charitable interests.