Making a Case for PRIs and MRIs in Detroit
Submitted by Abigail on October 26, 2012
Foundations are using project related investments (PRIs) and mission related investments (MRIs) to stimulate growth in Detroit, where there is a specific need for investment capital. Writing for the Nonprofit Quarterly, Rick Cohen argues for the ability of foundations to prudently underwrite MRIs and PRIs, using as examples work in this area by The Kresge Foundation, W.K. Kellogg Foundation, and others. Read about it here.