Clara Miller
Investors' Perspectives - Is more debt the answer?
1 June 2010
Alliance magazine
The social capital market is revving up in the wake of the spectacular nosedive of the global capital market. In the US, a number of foundations are exploring philanthropic debt for the first time, providing PRIs (programme-related investments, generally loans made from the grant budget) and MDIs (mission-driven investments, including loans and equity investments in both for-profits and non-profits, sometimes from the endowment itself).
