In 1968, the Ford Foundation began to fund minority enterprise and other social investments using a new tool, the Program-Related Investment (PRI). The breadth of activities that PRIs funded extended to both inner city and rural environments.


Related

Issues in Philanthropy

Supporting Economic Justice? Ford’s 1968 PRI Experiment

The Program-Related Investment (PRI), a financial tool invented in the late 1960s, aimed to broaden the scope of recipients that philanthropic funds could help. The Ford Foundation unveiled this new mechanism with $10 million of support to market-based projects in minority enterprise, housing, manufacturing, and community development.


Tags


Historian and Project Director, Rockefeller Archive Center