Public media organizations and prospective licensees may borrow affordable short-term capital from the Public Radio Fund for projects that strengthen and expand public media, such as:
- Expanding digital services
- Upgrading equipment and facilities
- Acquiring a new station
- Smoothing out cash flows
The Public Radio Fund, established in 2007, is the only lending source in the country dedicated to financing public media’s future. The Public Radio Fund has initial investment commitments of more than $10 million from Calvert Social Investment Foundation, Ford Foundation, Hull Family Foundation, Nonprofit Finance Fund, NPR, Inc., and individual investors.