Steelcase Foundation’s First Program-Related Investment (PRI)

Many people are familiar with grants, which are often the way foundations support nonprofit organizations. Fewer people may be aware of another tool foundations can use: program-related investments, known as PRIs. Unlike grants, PRIs are expected to be repaid to the funder, while grants are not. PRIs can take the form of loans, guarantees, or…

How does the Steelcase Foundation respond to pressing community needs?

Nonprofits are on the frontline of communities: meeting basic needs, connecting people to resources, advocating for policy change, and providing programs government and the private sector cannot accomplish. Because of their central position in communities, nonprofits often take on the role of first responders. When there is a lack of affordable housing, an increase in…