A program-related investment is an arrangement by a foundation that meets the following qualifications:

• Whose core purpose is to achieve one or more of a foundation's exempt purposes
• That does not consider taking part in a political campaign on behalf of a candidate or influencing legislation a purpose;
• Does not consider the appreciation of property or production of income as a significant objective

Here are some examples of program-related investments

How's Your Community Doing?
Check Out it's
Community Vital Signs

Purchase of Common Stock in Subsidiary Corporation

X is a business enterprise that researches and develops new drugs. X's research demonstrates that a vaccine can be developed within ten years to prevent a disease that predominantly affects poor...more

Purchase of Common Stock in a Foreign Company

Q, a developing country, produces a substantial amount of recyclable solid waste materials that are currently disposed of in landfills and by incineration, contributing significantly to environmental...more

Acceptance of Common Stock from a Foreign Corp in Exchange for Loan

Q, a developing country, produces a substantial amount of recyclable solid waste materials that are currently disposed of in landfills and by incineration, contributing significantly to environmental...more

Loan to Ensure Continued Business Operations

X is a business enterprise located in V, a rural area in State Z. X employs a large number of poor individuals in V. A natural disaster occurs in V, causing significant damage to the area. The...more

Microloans to Individuals in Developing Countries

Y, a private foundation, makes loans bearing interest below the market rate for commercial loans of comparable risk to poor individuals who live in W, a developing country, to enable them to start...more

Loan to LLC to Facilitate Training of Farmers in Developing Countries

X is a limited liability company treated as a partnership for federal income tax purposes. X purchases coffee from poor farmers residing in a developing country, either directly or through...more

Loan to Arts Organization to Purchase Exhibition Space

X is a social welfare organization that is recognized as an organization described in section 501(c)(4). X was formed to develop and encourage interest in painting, sculpture, and other art forms by,...more

Deposit Agreement Allows Loan to Child Care Facility

X is a non-profit corporation that provides child care services in a low-income neighborhood, enabling many residents of the neighborhood to be gainfully employed. X meets the requirements of section...more

Guarantee and Reimbursement Agreement for Financing of Child Care Facility

X is a non-profit corporation that provides child care services in a low-income neighborhood, enabling many residents of the neighborhood to be gainfully employed. X meets the requirements of section...more