| PROGRAM-RELATED
INVESTMENTS |
Approvals |
Invested or
Guaranteed |
| Program-related
investments are capital funds invested in socially important
enterprises in various fields of Foundation interest. Investments
approved in fiscal 1983 are listed below, together with
earlier-year commitments on which there were disbursements during
the year. The "Approvals" column shows amounts of commitments and
"Invested or Guaranteed" shows amounts loaned, invested, or
guaranteed in fiscal 1983. |
| 1983 Approvals |
|
|
| URBAN POVERTY |
|
|
| Economic Resources
Corp. (Los Angeles, Calif.) |
|
|
| Loan fund for minority
businesses |
$1,500,000 |
|
| Famicos Foundation
(Cleveland, Ohio) |
|
|
| Housing for low- and
moderate-income families |
1,100,000 |
|
| Jazzmobile, Inc. (New
York, N.Y.) |
|
|
| Renovation of a facility
for Harlem arts operation center |
425,000 |
|
| Illinois Neighborhood
Development Corp. (Chicago, Ill.) |
|
|
| Investment in South Shore
Bank and City Lands, Inc., to strengthen community development
activities |
|
|
| Eight-year loan, 5% |
1,000,000 |
1,000,000 |
| Industrial Cooperative
Association (Somerville, Mass.) |
|
|
| Revolving loan fund for
low-income, worker-owned cooperatives |
|
|
| Five-year loan, 6% |
500,000 |
500,000 |
| Manpower Demonstration
Research Corp. (New York, N.Y.) |
|
|
| Loan fund for
revenue-generating work programs |
|
|
| Five-year loan, 6% |
267,000 |
267,000 |
| Neighborhood Institute
(Chicago, Ill.) |
|
|
| Commercial strip
revitalization |
250,000 |
|
| RURAL POVERTY AND
RESOURCES |
|
|
| Artisans Cooperative
(Chadds Ford, Pa.) |
|
|
| Working capital for
marketing arm of craft cooperative |
|
|
| Eight-year loan, 5% |
125,000 |
125,000 |
| Coastal Enterprises,
Inc. (Wiscasset, Maine) |
|
|
| Small-business investment
and employment project |
750,000 |
|
| Mountain Association
for Community Economic Development (Berea, Ky.) |
|
|
| Housing for low- and
moderate-income families |
|
|
| Five-year loan, 3% |
925,000 |
925,000 |
| EDUCATION AND
CULTURE |
|
|
| National Association of
College and University Business Officers (Washington,
D.C.) |
|
|
| Loan-guarantee program for
community-based colleges |
1,000,000 |
|
| GOVERNANCE AND PUBLIC
POLICY |
|
|
| Public Interest Law
Center (New York, N.Y.) |
|
|
| Renovation of office
space |
670,565 |
|
| 1982 Approvals |
|
|
| URBAN POVERTY |
|
|
| Chicanos Por La Causa
(Phoenix, Ariz.) |
|
|
| Acquisition and
rehabilitation of office building |
|
|
| Five-year loan, 5% |
|
762,000 |
| Enterprise Foundation
(Columbia, Md.) |
|
|
| Assistance to community
organizations for low-income housing development |
|
|
| Six-year loan, 6% |
|
500,000 |
| Tennessee Valley Center
for Minority Economic Development (Memphis, Tenn.) |
|
|
| Investment fund for
minority businesses |
|
|
| Six-year loan, 6% |
|
1,500,000 |
| RURAL POVERTY AND
RESOURCES |
|
|
| National Rural
Development and Finance Corp. (Washington, D.C.) |
|
|
| Rural economic development
projects |
|
|
| Six-year loan, 6% |
|
1,000,000 |
| EDUCATION AND
CULTURE |
|
|
| North Carolina School
of the Arts Foundation (Winston-Salem, N.C.) |
|
|
| Renovation of performing
arts center |
|
|
| Five-year loan, 5% |
|
1,000,000 |
| Pre-1982
Approvals |
|
|
| FINANCIAL
INTERMEDIARIES |
|
|
| Independence Capital
Formation, Inc. (Inner-City Business Improvement Forum) (Detroit,
Mich.) |
|
|
| Loan pool for minority
businesses |
|
|
| Note, 8% |
35,000 |
35,000 |
| PUBLIC
TELEVISION |
|
|
| WHYY, Inc.
(Philadelphia, Pa.) |
|
|
| Restoration of television
station |
|
|
| Five-year loan, 8% |
|
123,000 |