Beyond Grantmaking

Summary of Mission-related & Program-related Investments

Over the last 30 years, the Winthrop Rockefeller Foundation has made approximately $20 million in Program-Related and Mission-Related Investments ranging from stock purchases to direct loans for our state’s nonprofits.

1980s

  • Arkansas Repertory Theater - $900,000 to finance the final construction and equipping of a multi-use theater and performing arts facility in downtown Little Rock. After repayment of approximately 50%, a portion of the loan was converted into a grant and the remainder was forgiven
  • Block Redevelopment - $450,000 to purchase and renovate Cherry House in the Historic Quapaw Quarter. The property was eventually deeded to an adjacent church
  • The Nature Conservancy (Arkansas Field Office) - $750,000 interest free loan to purchase Overflow Bottoms, a bottomland-hardwood area in Ashley County, AR in danger of being lost. The loan was repaid after one year
  • Shorebank Corporation - $230,000 equity investment to support the start-up of the Southern Bancorp in Arkansas. The investment was repaid by 2007
  • Southern Bancorp - $2 million for capitalization and start-up costs of a bank holding company established for the purpose of conducting rural economic development activities in Arkansas. Southern is now the largest rural CDFI in the country, with assets more than $1 billion

1990s

  • Delta Community Development Corporation - $100,000 to increase the capitalization of the CDC’s loan fund. The loan was forgiven after 5 years
  • Philander Smith College - $217,000 for capital development. One third of the loan was paid, one third converted to a grant, and one third was forgiven
  • Southern Bancorp - $1.4 million purchase of additional Southern stock

2000– Present