Timeline

1995

Calvert Foundation begins as an innovative experiment, launches in October. Community Investment Notes are the first financial product of their kind, raising $483,860 from 170 investors.

1997

Shari Berenbach joins as Executive Director.

1998

Community Investment Profiles, our comprehensive online database featuring the organizations in our portfolio launches. The SEC gives Calvert Funds permission to invest in Calvert Foundation. Notes sold top $7 million.

1999

Calvert Foundation receives CDFI certification.

2001

Calvert Foundation launches the Calvert Giving Fund, the first Socially Responsible and Community Investment Donor Advised Fund.

2002

Note sales reach $50 million, from over 1,500 investors.

2003

Calvert Foundation makes its First Fair Trade Coffee loans with a $1 million investment from Starbucks.

2004

Investors become able to purchase and hold Community Investment Notes through their brokerage accounts.

2005

The Gulf Coast Initiative launches to target those families who suffered due to losses in Hurricane Katrina. Fast Company Magazine awards Calvert Foundation the “Social Capitalist Award” for the first time.

2006

The Bill and Melinda Gates Foundation become donors to support the Calvert Foundation’s capital base. Notes top $100 million in sales.

2007

Calvert Foundation becomes the first security issuer on the eBay® company MicroPlace, connecting investors to Community Investment online for the first time.

2008

Launched the Habitat Investment Program with Habitat for Humanity International

2009

Calvert Foundation tops $200 million in assets and boasts a strong portfolio despite an economic downturn

2010

Calvert Foundation subsidiary Community Investment Partners launches $200 million fund with Citibank called the Communities at Work Fund to help create jobs and drive investment in low-income communities

2011

Calvert Foundation names Lisa Hall as its new President & CEO, the first changing of the guard since 1997.