The Public Radio Fund promotes local media ownership and supports the diversity of voices on the airwaves by increasing public broadcasters’ access to affordable capital. By investing in the Public Radio Fund, you are contributing to the expansion and preservation of locally owned public radio media in communities nationwide.
The Public Radio Fund offers licensees of not-for-profit public broadcasting stations the opportunity to obtain short-term loans toward the acquisition and expansion of their capital assets. Through leveraged and primary financing, at least 20-30 noncommercial radio stations will be secured over the next five-years.
Minimum Investment: $100,000 from accredited and institutional investors.
Return: 0%-3% for 3-year terms and 0%-4% for 5-year terms. Interest-only, paid annually in arrears. Investors choose rates. No fees.
Security: Investments are structured as a general recourse obligation of the Fund. The loan portfolio will be diversified and individual loans to stations will be collateralized.
Management and Administration:
Public Radio Capital (PRC), a 501(c)(3) non-profit organization, selects loan recipients and manages the diversified investment portfolio. For additional information about ways to support Public Radio Capital’s mission to strengthen and expand public radio services in communities nationwide, please visit Support Us.
The Calvert Foundation, a 501(c)(3) non-profit organization, serves as the administrator of the Public Radio Fund, providing third-party due diligence and overseeing investment closings.
