[Skip Header and Navigation] [Jump to Main Content]
Home
MMT

Calendar Link
Events
  • About Us
    • Contact Us
    • MMT Overview
    • Staff Directory
    • Trustees
    • Mission & Values
  • Funding Opportunities
    • Grants
    • Loans
    • Initiatives
    • Help Desk
    • GrantIS: Apply Now
  • Keeping Up
    • Blogs
    • Forums
    • Awards Database
    • MMT Covers MMT
    • Media Covers MMT
  • Stories
    • Image Gallery
    • Videos
    • Features
    • Show Your Work
    • MMT History
  • Just Ask Us
    • Use MMT Logo
    • Press Release
    • Request Program Info
    • MMT Speaker
    • Questions about GrantIS
    • Website Feedback
    • Vendor Inquiries
  • Jump To
    • Contact Us
    • Eligibility Requirements
    • Staff Directory
    • Funding Opportunities
    • GrantIS: Apply Now
    • Employment Opportunities
    • Vendor Inquiries
Home » PRI
Apply
Learn
Connect

PRI Content

Hide Filters
Filter These Results

Morrison Child and Family Services

Topics: PRI
Content Area:  Human Services Award Date:  Feb 1 2012 Grant Amount:  500000.00 Reason For Grant:  For a grant and a program-related investment to refinance the purchase and renovation of the Morrison Building that consolidates departments and programs for improved services to children and families City:  Portland County:  Multnomah State:  OR

Why does MMT seek security for loans?

Topics: PRI
Seeking collateral, when possible, is a guiding principle in prudent lending and in accordance with our value of stewardship. While obtaining collateral is a tool in our due diligence, we also recognize external factors can negatively affect repayment and unexpected borrower problems may emerge. In such cases, MMT works with organizations to develop a reasonable repayment plan. We do not aggressively seek to foreclose on the loan to the harm of the nonprofit.
  • Read more

Does MMT offer PRIs to government agencies?

Topics: PRI | General
Generally, no. Financing of public sector projects is best fitted to government agency budgets and taxpayers in communities served by those agencies.

Virginia Garcia Memorial Foundation

Topics: PRI
Content Area:  Health Award Date:  Nov 1 2011 Grant Amount:  1344000.00 Reason For Grant:  For a grant to help build the Cornelius Wellness Center and a program-related investment loan to refinance the McMinnville Clinic to increase access to health care for low-income, underinsured and uninsured patients. City:  Hillsboro County:  Washington State:  Other

Umpqua Community Development Corporation

Topics: PRI
Content Area:  Human Services Award Date:  Nov 1 2011 Grant Amount:  1750000.00 Reason For Grant:  To provide a grant and construction loan to build Eagle Landing, a 54-unit affordable housing complex for homeless veterans. City:  Roseburg County:  Douglas State:  OR

Eugene Ballet

Topics: PRI
Content Area:  Arts, Culture, Humanities Award Date:  Jun 1 2011 Grant Amount:  400000.00 Reason For Grant:  To help stabilize the financial condition of the organization by restructuring its loan on the Midtown Arts Center, which provides a permanent home for the Eugene Ballet and several arts organizations City:  Eugene County:  Lane State:  OR

The Conservation Fund

Topics: PRI
Meyer Memorial Trust provided a Program Related Investment loan to The Conservation Fund, which was used along with Oregon Lottery proceeds and grants from the Forest Legacy Program, to work with the Oregon Department of Forestry on purchasing 43,000 acres to form the state’s newest state forest. Located in central Oregon’s Klamath County, the property was selected because of immediate threats from development, its potential economic benefits and strategic importance, as well as its good value. The forest is important habitat for species such as mule deer and white-headed woodpeckers, and purchasing the property enables it to be restored back to ecological health, while supporting the forest products sector, providing public recreation opportunities, and creating a lasting legacy of environmental stewardship and community investment.
  • Add new comment
  • Read more

Ecotrust: FoodHub

Topics: PRI
About the Photo: FoodHub actively connects growers and consumers of healthy, regionally grown food. In this photo, Marketing Coordinator Megan Foucht staffs the FoodHub booth at the Oregon School Nutrition Association conference. Offering students nutritious, healthy regional food is one of the goals of Ecotrust's social ventures. Photo credit: Stacey Sobell, Ecotrust's Farm to School ManagerSupport from the Meyer Memorial Trust is allowing Ecotrust to scale up FoodHub, an online marketplace for buyers and sellers of regional food. FoodHub links farmers, ranchers and fishermen harvesting the incredible seasonal bounty of the Pacific Northwest with restaurants, hospitals, schools and grocery stores looking to meet the growing consumer demand for locally grown food. FoodHub’s long-term benefits include strengthened rural economies and equitable access to healthy, regionally grown food.Ecotrust describes how FoodHub is used this way:"Thanks to FoodHub, food buyers can walk to their computers, type in the word "raspberry" and quickly access a list of regional raspberry producers. They can sort their search results by specific attributes, check out various raspberry producer profiles, send one a message through FoodHub's message center, and arrange for delivery – either direct or through a mainline distributor. Never before has that raspberry producer been so highly visible to the region's food buyers. And never before have food buyers had it so easy."
  • Add new comment
  • Read more

Clark County Food Bank

Topics: PRI
Content Area:  Human Services Award Date:  May 1 2011 Grant Amount:  800000.00 Reason For Grant:  To help construct a new facility to house an expanded food bank for Clark County, WA City:  Vancouver County:  Clark State:  WA

Oregon Microenterprise Network

Topics: PRI
About the Photo: A microloan from Oregon Microenterprise Network enabled Andrea Moore (pictured at right, with her daughter beside her) to purchase a trailer to provide dog grooming services in Polk and Yamhill counties. MERIT (MicroEnterprise Resources, Initiatives, & Training), a nonprofit co-located at the Chemeketa Small Business Development Center in Salem, worked with her to qualify for the loan, represented here by Executive Director Marcia Bagnall (pictured at left). After she repaid the loan she received a second loan ("step" loan) from OMEN to make repairs and upgrades to her trailer. Photo credit: Valerie Plummer, Oregon Microenterprise NetworkOregon Microenterprise Network (OMEN) used a $100,000 program related investment loan from Meyer Memorial Trust to provide lending capital to low income entrepreneurs in rural Oregon. In addition, OMEN used a $36,000 grant to provide technical assistance to its member organizations to strengthen business support for microentrepreneurs. The CapitalLink loan program of Oregon Microenterprise Network meets the demand for microloan capital in areas of rural Oregon. For more information about OMEN’s CapitalLink program, see http://www.oregon-microbiz.org/programs/capitallink/.
  • Add new comment
  • Read more
Paul Reich

PRIs – A Growing Alternative Philanthropic Tool

Posted Apr 28 2011 - 3:09pm by Paul Reich
Topics: PRI | Program Officers
Created by Congress in the Tax Act of 1969, a PRI (program-related investment) is a type of mission-related or social investment that foundations make to achieve their philanthropic goals. PRIs can take many forms – deposits, equity investments, guarantees and loans, to name to few.  At MMT, most PRIs have been loans.   
  • Paul Reich's blog
  • Read more

ShoreBank Enterprise Group Pacific

Topics: PRI
Content Area:  Conservation, Environment Award Date:  Mar 1 2011 Grant Amount:  4000000.00 Reason For Grant:  To establish a loan fund for land trusts to acquire land and secure conservation easements City:  Ilwaco County:  Pacific State:  WA

Mosaic Medical

Topics: PRI
Content Area:  Health Award Date:  Feb 1 2011 Grant Amount:  300000.00 Reason For Grant:  To implement electronic health records for this organization's federally qualified health clinics serving uninsured and underinsured patients in central Oregon City:  Prineville County:  Jefferson State:  OR

Serendipity Center

Topics: PRI
Content Area:  Health Award Date:  Nov 1 2010 Grant Amount:  150000.00 Reason For Grant:  For a program related investment loan to renovate a building for this organization that provides education and mental health services for students with disabilities City:  Portland County:  Multnomah State:  OR

Umpqua Community Development: Hotel North Bend renovation

Topics: PRI
Before renovation by Umpqua Community Development, Hotel North Bend had become a community eyesore. With a $500,000 program related investment loan from Meyer Memorial Trust, Umpqua Community Development renovated the historic hotel and created 33 units of affordable housing that have become a source of community pride. Hotel North Bend is helping to revitalize this Oregon coastal community after years of little commercial activity due to the decline of fishing and timber industries.
  • Add new comment
  • Read more

Pacific Forest Trust

Topics: PRI
Pilot Rock is one of the striking geologic features in southern Oregon's Cascade-Siskiyou National Monument, where ecoregions of the Cascade Mountains, eastern Cascade slopes and Klamath converge.Pacific Forest Trust used $950,000 in two program related investment loans to acquire 1,300 acres of private land within the Cascade-Siskiyou National Monument. The monument is a unique Oregon treasure with its landscape of exceptional geologic complexity and reservoirs of biodiversity.  The Siskiyous bring together plants and animals from the high deserts of the Great Basin with species from the wet forests of the Pacific Coast.  Over 200 threatened, endangered, and "bureau-listed" species live in the monument.  Lush wildflower meadows are alive with a diversity of butterflies nearly unsurpassed in the United States.  It contains several miles of the Pacific Crest Trail, major portions of the headwaters of the Rogue Wild and Scenic River, and areas of old-growth forest. Photo credit: Pacific Forest Trust
  • Add new comment
  • Read more

Enterprise Cascadia: K-Lyn Fisheries

Topics: PRI
Charleston fisherman John Warner, founder of K-Lyn Fisheries, discovered that marketing wild salmon and sustainably harvested Dungeness crab enhances their value in the seafood market. A loan from Enterprise Cascadia enabled him to purchase equiment to hold more product and make shipping and marketing arrangements for higher sales.Enterprise Cascadia, also known as Shorebank Enterprise Group Pacific, has used $1.25 million of program related investment loans and $705,000 in grants from Meyer Memorial Trust to provide loans and technical assistance to support small businesses, promote economic development, and develop community facilities in rural communities throughout Oregon and southwest Washington. Enterprise Cascadia's reach is extensive – direct loans to small businesses, work with Tribes to build their financial lending capabilities, consulting on New Markets Tax Credits' projects, and collaboration with conservation organizations to preserve land, among others. Photo credit: Adam Zimmerman, Enterprise Cascadia
  • Add new comment
  • Read more

Enterprise Cascadia: Bridgewater Bistro

Topics: PRI
Tony and Ann Kischner financed Bridgewater Bistro, their riverfront dining establishment in Astoria, through Enterprise Cascadia, creating jobs for 27 local residents.Enterprise Cascadia, also known as Shorebank Enterprise Group Pacific, has used $1.25 million of program related investment loans and $705,000 in grants from Meyer Memorial Trust to provide loans and technical assistance to support small businesses, promote economic development, and develop community facilities in rural communities throughout Oregon and southwest Washington.  Enterprise Cascadia's reach is extensive – direct loans to small businesses, work with Tribes to build their financial lending capabilities, consulting on New Markets Tax Credits' projects, and collaboration with conservation organizations to preserve land, among others. Photo credit: Jennifer Janda, Enterprise Cascadia
  • Add new comment
  • Read more

Deschutes River Conservancy

Topics: PRI
Deschutes River Conservancy is dedicated to restoring stream flows and improving water quality throughout the Deschutes Basin, an area that covers about 10,700 square miles, making it the second largest watershed in Oregon.  Dechutes River Conservancy used a $230,000 program related investment loan to replace and install pipes and concrete lines in irrigation canals and lateral diversions to decrease water leakage and transfer water rights to permanent instream use in the middle stretch of the Deschutes River. Photo credit: Marisa Hossick, Deschutes River Conservancy
  • Add new comment
  • Read more

Liberty Theater Restoration

Topics: PRI
Liberty Restoration used a $350,000 program related investment loan to reduce mortgage interest costs on the Liberty Theater, a 1925 vintage Italian Renaissance style building in downtown Astoria. The savings in interest payments has helped sustain the organization and has had a dramatic impact on economic development in the local area through increased tourist revenues and patronage of nearby restaurants and other local businesses. Photo credit: Michael Mathers Photography
  • Add new comment
  • Read more
Marie Deatherage

MMT's Largest Ever Award... made in a time of sorrow

Posted Mar 15 2011 - 10:37am by Marie Deatherage
Topics: Grant Announcements | Responsive Grants | PRI
Sometimes world events conspire to induce a heavy heart when our news is ready to announce. If there ever was such a time, it is now. Emotions from the anguish and sorrow in Japan and the Middle East and North Africa are hard to set aside, but that is the context in which we make our otherwise celebratory award announcement this month.
  • Read more

Are we required to provide audited financial statements?

Topics: PRI
No. That said, independent audited statements provide MMT with assurance that an organization's finances are presented fairly in all material respects. Should we request a full proposal from your organization, we will request current year financial statements (balance sheet and income statement) and financial statements for the three prior years. For prior years' statements, audited statements are preferred, if available.
  • Read more

Is there an origination fee for a PRI loan?

Topics: PRI
No. However, you will likely incur legal costs for your attorney to review the loan documents. In most cases, nonprofits receive probono legal advice through their board or other sources, which should result in minimal or no out-of-pocket legal expenses.When real property (i.e., land, buildings) is secured, the applicant typically pays expenses for title search, lender's title insurance policy and recording/filing of the deed of trust. When personal property is secured (i.e., equipment, other assets), the applicant typically pays the UCC (Uniform Commercial Code) filing fee.
  • Read more

Share, Inc.

Topics: PRI
Content Area:  Human Services Award Date:  Oct 1 2010 Grant Amount:  750000.00 Reason For Grant:  To renovate the organization's facility that houses services for homeless families, hungry children and other programs City:  Vancouver County:  Clark State:  WA

Can I propose a lower interest rate?

Topics: PRI
Generally, no. MMT has established a set rate to be fair and consistent with all applicants. That said, if you have compelling circumstances that require a lower rate, describe them in the Initial Inquiry and we will consider your request.
  • 1
  • 2
  • 3
  • 4
  • next ›
  • last »
cc by-nc-sa
All of the content on this site is licensed under a Creative Commons License,
unless otherwise noted. Read our Privacy Policy.
Sitemap | Contact Us | Login
425 NW 10th Avenue, Suite 400 | Portland, OR 97209 | 503.228.5512
[Jump to Top] [Jump to Main Content]