TrusteesCapital instruments

Program-related investment (PRI)

Also: PRI

A below-market investment a foundation makes primarily for mission, not return. In the US it can count toward the annual distribution requirement — a way to deploy corpus, not just grant income.

Related terms

Mission-related investment (MRI)Catalytic capital Mandate Recoverable grant Forgivable loan

Educational only — not financial, tax or legal advice.