RSF Launches Food & Agriculture PRI Fund

July 2, 2010

RSF Social Finance is proud to announce the official launch of our Food & Agriculture Program-Related Investing (PRI) Fund. RSF’s PRI Fund aims to increase the flow of funding to social enterprises in local and sustainable food and agriculture by unlocking a new source of patient capital for this important sector. Program-Related Investing is a tool that allows foundations to make recoverable investments from the 5% annual distributions required by law.

Building on our more than 25 years of experience in social enterprise lending, the Food & Agriculture PRI Fund reduces the barriers to entry for foundations that want to leverage their philanthropic dollars for additional impact through PRIs, but that lack the in-house expertise to source, underwrite, service, and monitor loans. With a minimum investment of $100,000 and a five year term, foundations can receive a 1% annual return through RSF’s PRI Fund, and ultimately, “recycle” their investment toward additional PRIs or grants.

Local and sustainable food system projects serve a variety of foundation mission areas, and it is because of their wide-reaching impacts that RSF has chosen to launch the first of several planned PRI Funds in Food & Agriculture.  RSF PRI Fund borrowers will positively contribute to:

  • healthy ecological systems,
  • urban and rural economic development,
  • safe and equitable labor conditions, and/or
  • increased access to healthy food in underserved areas.

Investments in the RSF PRI Fund will be used to provide loans of $50,000 or more to non-profit and for-profit social enterprises addressing key issues in food production, food access, value-added processing, distribution, retail, and waste management. RSF is currently evaluating several prospective borrowers for the fund.

If you are interested in helping to fund the launch of this innovative investment vehicle for local and sustainable food systems, please contact Taryn Goodman, Impact Investing Manager, at 415.561.6195 or If you are a potential borrower seeking a loan from the Food & Agriculture PRI Fund, please contact Ted Levinson, Senior Lending Manager, at 415.561.6179 or

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