We make program-related investments (PRIs) that show promise and create partnerships that strive to achieve health equity and bring health in reach for all Coloradans.

The Foundation's PRIs are offered to nonprofits or private sector companies to support charitable or mission-related activities with financial returns that are secondary and below market.

PRIs are best used to provide capital for organizations that have a business or revenue model to finance, sustain and grow their initiatives. PRIs can help organizations attract new financing from other investors or build a credit record to qualify for commercial financing. 

PRIs include financing structures commonly associated with banks or other private investors, such as loans, loan guarantees, linked deposits, social impact bonds, subordinated notes, recoverable grants and even equity investments in charitable organizations or in commercial ventures for charitable purposes. Because PRI funding is eventually returned to the Foundation, the funds will be used again for new impactful opportunities.

Current PRIs

  • 10.10.10 Health – 10.10.10 Health brings together 10 proven prospective CEOs for 10 days to tackle 10 wicked problems in the health sector. As highlighted in a Forbes magazine article, the program encourages successful entrepreneurs to develop viable, market-based solutions for health sector-related issues as the potential basis for their next business ventures. The inaugural program was hosted in Denver, Colo., on Feb. 16-26, 2015. Read more.

  • Colorado Housing and Finance Authority’s Healthy Housing Fund – Colorado Housing & Finance Authority (CHFA) invests in affordable housing and community development. A $3 million investment by the Foundation launched CHFA’s Healthy Housing Fund to help finance healthy living features incorporated into affordable multi-family properties in Colorado. Read more.
  • Denver Social Impact Bond – The Foundation invested $1 million in the City of Denver’s Social Impact Bond (SIB) initiative to fund supportive housing for individuals experiencing chronic homelessness together with mental health and substance abuse challenges. The SIB initiative hopes to lessen the instances of costly and ineffective interactions between individuals and the police, jail, detox and emergency care systems. At least 250 people will be served by the initiative over five years using a Housing First approach and a modified Assertive Community Treatment model of intensive case management. Read more.
  • Froozer – The Foundation’s investment in Froozer gets fruits and veggies to kids in a creative way and are available in underserved markets. Read more.

  • Innosphere – A high-tech incubator, Innosphere supports entrepreneurs building high-growth companies in health innovation and other industries. The Foundation’s $40,000 investment supports daily operations and technical assistance for early stage digital health companies with a focus on expanding health care innovation to underserved populations, including rural Colorado. Read more.
  • myStrength – The $1.5 million, 7-year senior loan agreement allows myStrength to boost capacity in delivering their behavioral health e-platform to both public and commercial clients to engage more patients and consumers, generate better mental health outcomes and reduce costs. Read more.

  • Ours to Own Denver – This campaign allows community residents to invest in a $10 million credit facility for the Urban Land Conservancy, a local nonprofit that preserves and develops real estate for long-term community benefit. Proceeds are loaned at below market rates to the Urban Land Conservancy via the credit facility to revitalize and invest in the health of underserved communities throughout metro Denver. Read more.  

  • Prime Health Challenge – Founded in 2014, the Colorado Prime Health Challenge is a unique opportunity for early-stage digital health companies to connect with key Colorado health care leaders and stakeholders to test their products with interested organizations. Winning companies and host institutions will work together collectively to pilot test the efficacy of digital health products in the health care setting with the overall goal of advancing the Triple Aim—improving the patient experience; increasing access to care and clinical outcomes; and reducing costs. Read more.

  • RxAssurance – The $500,000 investment and mission-focused partnership with RxAssurance supports the company’s digital health platform that allows health care providers and payers to optimize prescription regimens, increase medication adherence and to improve patient outcomes. Read more.

  • Telespine – Boulder-based Telespine provides telehealth tools and resources to help patients receive relief and recover from low back pain with the help of expert online coaches. A $250,000 program-related investment from the Foundation was structured as a convertible note and served as growth capital for the company. Read more.
  • Washington County Nursing Home – Washington County Nursing Home is a county-owned, nonprofit facility with 34 beds located in Akron, Colorado. A Foundation investment of $550,000 over 12 months will help leverage a New Market Tax Credit financing structure to build a larger The Green House Project® model assisted living facility. Read more.

For more information about applying, please email Amy Latham, vice president of Philanthropy.