October 20, 2021

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Womble Whiteboard : The Two Slide Explanation PRI & MRI

What’s the difference between program-related investments and mission-related investments? Our Director of Impact Strategies Mark Newberg offers a simple explanation in just two slides.

  • PRIs are permissions within the charitable, or program, side of the foundation. PRIs allow foundations to make profitable investments, as long as it meets the charitable purpose of the foundation.

  • MRIs are permissions within the corpus, or endowment, side of the Foundation. They cannot jeopardize the health of the foundation. However, non-financial factors (“mission alignment”) can be considered.

Copyright © 2021 Womble Bond Dickinson (US) LLP All Rights Reserved.National Law Review, Volume VIII, Number 155
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About this Author

Mark Newberg, Director of Impact Strategies, Womble Carlyle Law Firm
Director of Impact Strategies

Mark Newberg is Director of Impact Strategies for Womble Carlyle, where he is helping launch an Impact Economy practice and develop an integrated Impact Team that is dedicated to supporting the growth of businesses and entrepreneurs in the Impact Economy.  Mark provides consulting services to help Impact-focused companies design and implement their Impact-related objectives.

Mark also serves as the Managing Director of Impact Investment Strategies for 5 Stone Green Capital. At 5 Stone, he has designed and led firm-wide “layered impact”...

202-467-6900
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