Prior PRIs

Pictured Above: Kristine Michie (Accion), Mark Hall (Vectra Bank), Ben L. Bynum, M.D. (CHF), Chris Smith (CHF), Pete Gombert (indieDwell). Colorado’s first Bridge & Bond event held by grantee and PRI recipient Accion. Accion’s Bridge and Bond events, like the one above executed in partnership with NeighborWorks Southern Colorado, are held in Pueblo and other communities to help drive economic development through entrepreneurship, mentorship and business coaching.

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 below market. We undertake these investments with the goals that they:

  • Scale Innovative Solutions
  • Leverage Additional Financial Resources
  • Assist Borrowers to Address Inequities

PRIs are best used to provide capital to 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 commercial ventures for charitable purposes. Because PRI funding is eventually returned to the Foundation, the funds will be used again for new impactful opportunities.

Since 2017, the Foundation has invested over $60 million into its PRI portfolio through both grants and other financing structures.

  • 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.

  • Castle Rock Pediatrics – Castle Rock Pediatrics is a patient-centered medical home that provides care to patients from a wide variety of socioeconomic populations, from birth to young adulthood. A Foundation investment of $100,000 will support the clinic to improve its training and capacity building around a team-based model of care.

  • Colorado Enterprise Fund – The Colorado Enterprise Fund (CEF) accelerates community prosperity by financing and supporting low-income and rural entrepreneurs to scale culturally sensitive grocery retail outlets. With the investment of $970,000, the Foundation will help CEF support the Colorado Fund Food Financing Fund (CO4F), which provides flexible financing and technical assistance for grocery retrial outlets. This funding will allow CO4F in reaching an estimated 10,000 low-income Coloradans with healthy, fresh food that is culturally sensitive to local market demands.

  • Colorado Regional Health Information Organization – Colorado Regional Health Information Organization (CORHIO) manages one of the country’s largest health information exchange (HIE) networks. HIE systems allow health care providers and patients to electronically access and securely share patients’ vital medical information. An investment of $1.5 million by the Foundation will accelerate the expansion of health information exchange connections, increase the adoption of HIE services in rural areas and develop a patient engagement strategy to facilitate consumer access to health information. In the end, this investment will lead to 800,000 additional patients being included in CORHIO’s HIE.

  • 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.

  • Mile High United Way – Mile High United Way received TCHF funding and partnered with the State of Colorado to launch Energize Colorado, a vetted marketplace for Colorado-based nonprofits and provides to secure critical medical supplies and personal protection equipment (PPE) during the COVID-10 crisis. The Foundation provided a $1.9 million investment to enable Mile High United Way and the State of Colorado to launch the marketplace during the height of the pandemic to expedite to purchase vital PPE, testing equipment and other healthcare items during the COVID-19 crisis.

  • 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.

  • Pueblo Community Health – Pueblo Community Health serves those in need of primary health care at twelve locations in Pueblo and Huerfano counties, regardless of ability to pay. A capital investment of $500,000 in Pueblo Community Health’s main Colorado Avenue clinic allowed the organization to expand its clinical space and increase the number of patients served. Since this investment, nearly 8,000 additional safety net patients have received integrated, person-centered care.

  • ROC USAROC USA is a nonprofit based in Concord, New Hampshire with the sole mission of promoting resident-owned communities (ROCs), which are nonprofit cooperative communities of mobile home owners here in Colorado. Colorado-based ROCs are all non-profit businesses that purchase, own and manage their own community locally. The Foundation made a $2 million investment to help expand access to 250 – 300 homeowners

  • 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, please email Ben L. Bynum, M.D., portfolio director of program related investments.

Current PRIs