Program Related Investments: What a Grantee Needs to Know

Funders are becoming more responsive to the needs of the sector and are seeing the impact that low-interest loans can have in some situations in lieu of grantmaking. As the world of Program Related Investments (PRIs) increases, so do the dollars available for charitable programming. This is because a funder does not use its grant dollars to accomplish PRIs, and, because there is more flexibility in the PRI space than the grant space (especially for private foundations). All grantees should have a working knowledge of these increasingly-used tools.

About the Presenter: Zac Kester, Executive Director of Charitable Allies, Inc., has practiced law primarily for charities for nearly 10 years and holds an LL.M. in the needs of tax-exempt organizations from Indiana University Maurer School of Law as well as a Certificate in Fund Raising Management from the IU Lilly Family School of Philanthropy. He is a recognized leader in the field and presents regularly on nonprofit legal topics to organizations around the State of Indiana, as well as contributing frequent articles and insights to Charitable Advisors’ Not-for-Profit News and other industry publications. Zac serves as part of the Indiana Philanthropy Alliance's Legal Help Desk and serves several different private and community foundations as a consulting executive for programming, board direction, outcomes and funding prioritization, and grant recipient data collection and management. Zac is a director and Board President for Ascent 121 Inc., a Marion County anti-human trafficking organization, and a director at Indiana Philanthropy Alliance. Thus, both as an attorney and as a community and nonprofit advocate, Zac Kester is experienced and knowledgeable to assist community (re)development organizations in their quest for community change.