Opportunities for Smaller Foundations
A handful of large foundations have dominated the PRI field to date, yet small foundations may be poised to make major contributions. As one investor puts it, “I see the real innovation in this field emerging from family foundations. Smaller organizations have less bureaucracy, more ownership, and a lower tolerance for process. In many cases they’re more willing to take risks. We’ve seen smaller family foundations saying, ‘PRIs are great – let’s look at doing mission-related investments, too.’”
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This takeaway was derived from Program-Related Investing.