What is Prime
Prime Coalition is a 501(c)(3) public charity that partners with mission-aligned investors to support extraordinary companies that combat climate change, have a high likelihood of achieving commercial success, and would otherwise have a difficult time raising adequate financial support to scale.
We believe that catalytic capital* holds a critical key to unlocking commercial products and services that can help avoid catastrophic climate change. Since Prime’s founding in 2014, we’ve facilitated charitable investments with over 150 philanthropic partners, most of whom had never used a recoverable grant or program-related investment before and some of whom had never designed an intervention for climate change mitigation. Our goal is to encourage as many mission-aligned individuals and organizations as possible to join our tribe – 1% of annual grant making from U.S. private foundations or from donor advised funds alone would eclipse traditional venture capital for climate-relevant companies globally.
Prime ’s long-term success will be measured by our portfolio companies’ impact on reducing global greenhouse gas emissions. In the short-term, our success is defined by the number of first-time catalytic investors and first-time climate investors we mobilize. We run three core programs to accomplish our goals:
1. Building and supporting Prime’s catalytic investments – partnering with individuals, foundations, family offices, and corporate giving programs to place capital into breakthrough climate ventures.
2. Catalyzing climate investment broadly – developing tools and resources to make climate impact assessment easier to use and access
3. Sharing lessons learned about philanthropic investing – growing the field of impact investing by sharing lessons learned and best practices
*As defined by MacArthur Foundation, catalytic capital is “investment capital that is patient, risk-tolerant, concessionary, and flexible in ways that differ from conventional investment”.