Unlocking new capital to invest in social enterprises
“With our social investments, we take risks that others can’t, so worthwhile projects can move forward.”—Christine Looney, Senior Program Investment Officer
When tackling complex social problems, a well-timed loan or investment can be a tremendously useful tool for philanthropy. Since 1968, when Ford pioneered the use of program-related investments (PRIs), we have set aside a small portion of our endowment to supply capital to help finance critical projects, test new business models and develop sustainable organizations.
With $220 million invested currently, we strive to be diligent yet flexible in choosing the right instrument for the job: a loan guarantee encourages commercial lenders to finance new units of affordable housing; an early investment seeds a fund whose lending supports small farmers in sub-Saharan Africa. For 45 years, social investing has enabled us to use our assets boldly when the opportunity for social gain is very great.
|in cumulative investments to almost 400 projects|