Program Related Investments research report

Program Related Investments – an Opportunity for Australia

A research report on how Program Related Investments could operate in Australia is now available.

The research was commissioned by the Department of Social Services on behalf of the Prime Minister’s Community Business Partnership and undertaken by Philanthropy Australia. The recommendations of this research will be considered in the development of advice to Government by the impact investing and partnership’s working group of the Prime Minister’s Community Business Partnership.

 “PRIs are investments made by foundations in support of charitable purposes, with the explicit understanding that those investments will earn below-market returns, adjusted for risk and mission … (GrantCraft, ‘Program-Related Investing: skills and strategies for new PRI funders’, 2006, p2)

The project:

  • researches and reports on how PRIs operate in the United States and provides evidence of the potential for PRIs to increase the effectiveness of philanthropic giving;
  • identifies options for how a similar model might operate in Australia, including providing worked examples of PRI models that are likely to suit Australia’s needs/ the Australian context; and
  • analyses the outcomes of the consultation process and recommends a model suitable for implementation in Australia.

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