Final Evaluation: The Rockefeller Foundation’s Program-Related Investments Portfolio

Publication date: 
July, 2013
Arabella Advisors

In 2013, the Rockefeller Foundation funded an independent evaluation, conducted by Arabella Advisors, of 12 years of program-related investments (PRIs) made both domestically and internationally. The findings of Arabella’s evaluation address the portfolio’s social and financial performance, as well as opportunities to refine the PRI program strategy and align it with the foundation’s focus areas and grant-making programs. The report also considers the foundation’s contributions to the larger impact investing ecosystem. The foundation has since adjusted its practices based on the report’s findings, many of which are relevant to anyone interested in PRIs or related approaches to impact investing. 

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