Frequently Asked Questions

What is the deadline for submitting inquiries?
The Dakota Foundation does not have deadlines. Each inquiry receives an initial screening and preliminary review. Proposals that make it past preliminary review will receive thorough consideration, and a final decision will be made in a timely fashion. When we do have to say no to a funding request, our knowledge, networking and other non-dollar assets may help.

What are the interest rates?
Interest rates on PRIs may vary from zero percent to just below the prevailing market rate. The IRS requires rates to be below-market on a risk-adjusted basis. Typically, rates are calibrated to each partner's capacity and to the project's ability to generate revenues. Potential interest income from our PRI is not a significant reason for making the PRI.

What usually is the length of a PRI?
Our PRIs are made for anywhere from five to seven years. We try to be flexible in this regard and to meet the needs of the program or agency receiving the PRI.

For what amount is a PRI from the Dakota Foundation?
Historically, most of our PRIs range between $50,000 and $100,000. The size of a loan is influenced by the needs of the project and the ability of the non-profit to repay.

Do you have an application form?
The Foundation does not have an application form. Our guidelines contain a checklist of information that should be covered in each initial inquiry.