While we welcome your questions and inquiries,
the Posner-Wallace Foundation does not encourage
unsolicited proposals and applications.
A common denominator in all our loans and many of our grants is to have ongoing contact with Executive Directors to facilitate their collaborations with other organizations and funders. Our aim is to engage in “Thoughtful Giving.”
Most of our grants are for general operating support, and recur on an annual basis. We do not have a formal application process, but will respond to email inquiries to indicate whether or not a request fits within our “portfolios” and priorities.
Most recurring grants range from $500 – $5,000. We also consider special, and non-recurring additional grants to grantees. We place great importance on the management and staff development as well as the vision of the Executive Director and senior staff of our grantees, as key elements of our annual reviews.
Our “impact investment” loans are usually relatively short-term (4-7 years) and do not require collateral. We consider pre-project financing, working capital, and “mezzanine” loans to organizations that have an operating history (but not for start-ups). We prefer to collaborate and participate in loans that are structured by experienced financial intermediaries or lead funders/general partners, who can also handle the documentation, processing, financial reporting, and regulatory compliance requirements (including expenditure responsibility and equivalency determination outside the US).
In order to spread and mitigate the credit and political risks to our foundation, we usually limit our participation in debt financing to $50 – $100,000. We accept subordination but avoid “first-loss” and “no recourse” structures.
Over the past 5 years, the Foundation has made loans such as:
- Agricultural trade finance (with Root Capital)
- Business loans to “small and growing enterprises” (FINCA International)
- Solar power design and project implementation (Energyia Global)
- Public/private debt (Nonprofit Finance Fund)
- Working capital support (SeaChange Capital/Contact Fund)
- Office expansion of a health-information company in southern Africa
The Foundation is a financial participant in the Deutsche Bank debt/equity “Essential Capital Consortium” (ECC). We are currently interested in housing, community development and water/environment projects in the United States.
The Foundation makes its recent IRS Form 990-PFs available in PDF format.