www.carters.ca
www.charitylaw.ca
(3) Program-Related
Investments (PRIs)
(i) Definition
–A PRI is an investment that is undertaken to further
a charitable purpose. It may or may not involve the return of capital
and interest
–PRIs can take the form of:
§Loans,
§Loan guarantees,
§Share purchases and
§Leases of land or buildings
–The new Guidance greatly expands opportunities for
charities to engage in PRIs
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