What's program-related investment? A management scholar explains one way that foundations support charities without giving money away for good
- Written by Jessica Jones, Assistant Professor of Management & Entrepreneurship, University of Tennessee
Money can't grow on trees, but it can be recycled.siraanamwong/iStock via Getty Images PlusMost U.S. foundations seek to preserve the money that funds their grants and operations for the long term. They accomplish this by not giving away more money than they earn as returns on the assets held in their endowments.
By law, foundations must give away...
