The W.K. Kellogg Foundation has loans available for nonprofits that have for-profit activity that will benefit children’s health and wellbeing. Details below. Deadline is Monday, Nov. 9, 2009.
The W.K. Kellogg Foundation (WKKF) is launching a new effort that provides Program-Related Investment funds to organizations working in the food system. Program Related Investments (PRIs) provide loans to non-profit organizations to implement projects that generally generate revenue streams that can be applied toward repayment. PRIs have low interest rates (1%-4%) with negotiable repayment periods. PRIs are one of the non-gift vehicles that WKKF is using to diversify its reach and impacts on child wellness. PRI food investments will be focused on supporting organizations that work toward providing children, families and communities to access to Good Food.
The Kellogg Foundation defines Good Food as:
- Healthy- promotes the physical, mental and spiritual well-being of individuals, families and communities.
- Green- produced in a manner which maintains or improves the quality of land, water, air and other ecological factors.
- Fair- minimizes the chance that anyone along the production line was exploited for its creation.
- Affordable- priced so that people of all socioeconomic backgrounds are able to purchase it and have access to it.
KHA, Inc and Urban Advisors are conducting a PRI Food Scan of organizations and approaches grounded in economic, environmental and social sustainability. The scan will include completion of an on-line survey aimed at profiling the characteristics of organizations with potential for funding. The criteria for non-profit organizations follow below:
- Have
favorable impacts on child-wellness;
- Have
the ability to manage a PRI including repayment on a timely basis;
- Reflect
a high social return through contribution to community health factors such
as childhood food security, community vitality and resilience, stability
of sustainable farms;
- Demonstrate
a high environmental return through improvements to air, water, soil conditions
and other ecological factors;
- Maintain
organizational practices that reflect resilience, stability and long-term
planning.
WKKF is looking for non-profit organizations that fit this profile and are interested in receiving training, technical assistance, grant support and/or loans.
As a sustainability advocate, WKKF anticipates that your understanding of food systems work could provide valuable information and links to desirable organizations including those that WKKF has not partnered with in the past. The Foundation is particularly interested in organizations whose work promotes equity while improving child well-being. WKKF is asking your assistance in identifying people in non-profit organizations that could provide us with feedback.
Please provide the following information on organizations that fit the criteria above. Be sure to include yourself if relevant:
· Name of contact person
· Non-profit organization name
· Email of contact person
· State where organization is located
This information can be sent to Patrece Brown at pbrown@khandassociates.com. We will be collecting information on potential respondents until 9 November 2009. KHA, Inc. will compile this information and send a voluntary survey to eligible organizations in mid-November.
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