What’s the difference between program-related investments and mission-related investments? Our Director of Impact Strategies Mark Newberg offers a simple explanation in just two slides.

• PRIs are permissions within the charitable, or program, side of the foundation. PRIs allow foundations to make profitable investments, as long as it meets the charitable purpose of the foundation.

• MRIs are permissions within the corpus, or endowment, side of the Foundation. They cannot jeopardize the health of the foundation. However, non-financial factors (“mission alignment”) can be considered.