SPRING 2019
What are CDFIs?
Community Development Financial Institutions (CDFIs) are specialized community-based
financial institutions with a primary mission to promote economic development by providing
financial products and services in underserved communities. CDFIs include banks, credit
unions, nonprofit loan funds, and venture capital funds. Click here for a list of national and
Georgia-based CFDIs.
What are Program Related Investments?
PRIs are financial instruments aligned with the Foundation mission’s. They can take a variety
of forms such as equity, debt, guarantees, or deposits. On May 14, Healthcare Georgia
Foundation announced its first program related investment, a loan to Community Health
Center Capital Fund. This investment will bring new and potentially leveraged financial
resources to Georgia’s Federally Qualified Health Centers with attention to the special
healthcare challenges in rural Georgia.
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What does this mean for the Foundation’s grantees and partners? The Foundation will continue
to engage in strategic grantmaking at current levels. Capacity building grants may be used in
the future by eligible nonprofits to prepare for financing and mitigate risks by investors. As
new Foundation partners, CDFIs will be eligible to receive grant funding that builds capacity to
participate as health impact investors, and they will be eligible to receive program-related
investments made by the Foundation.
This strategy creates an opportunity for catalytic impact and attracts new funding and
financing partners. Stay tuned for more as we build on and leverage our impact on Georgians’
health with impact investing . ◼
ACHIEVING HEALTH EQUITY FOR ALL
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