FOR IMMEDIATE RELEASE

Press Contact: Carrie Hutchison McGarry, 301.280.6003, carrie.mcgarry@calvertfoundation.org

Calvert Foundation Board Appoints New President & CEO

Bethesda, MD - January 6, 2011 – Wayne Silby and John Guffey, the Co-Chairs of Calvert Foundation’s Board of Directors, announced today the appointment of Calvert Foundation’s new President and CEO, Lisa Hall.

Ms. Hall joined Calvert Foundation in 2005, taking on management of a $76 million loan portfolio as Chief Lending Officer. Over the years, she has more than doubled that portfolio to nearly $190 million, while keeping losses under 1.2 percent during one of the most economically challenging periods in our recent history.

“As we look to the next chapter in Calvert Foundation’s history, we are proud to appoint Lisa Hall to be our next leader,” said Mr. Silby, who also co-founded Calvert Foundation. “As we went through a process of careful consideration, we concluded that the best candidate for this job came from within. I have full confidence in Lisa, and look forward to both working with her and supporting her in her new role.”

Ms. Hall brings nearly 25 years of industry experience and has held multiple policy and financial posts at the Enterprise Foundation, JP Morgan Chase, Travelers Insurance, Fannie Mae and the Clinton Administration. She holds a BS in Economics from the University of Pennsylvania and an MBA from Harvard University.

“I am so excited and honored to be selected to lead Calvert Foundation,” said Ms. Hall. As investors today rethink their relationship to money and what it can do to make the world a better place, Calvert Foundation is working to connect investors with worthy causes. “Calvert Foundation’s mission to empower low-income communities by investing in them is one close to my heart,” she said. "And as someone who has worked in the financial services sector for more than 25 years and who is also the daughter of a civil rights activist, I feel as though I personally sit, just as Calvert Foundation sits, uniquely at the intersection of capital markets and economic justice.”

Ms. Hall serves on the Boards of Mentor’s Inc., The Funders’ Network, and ROC USA. She is also a member of the CARS (CDFI Assessment and Rating Systems) Advisory Council and a non-board member of the Policy and Communications Committee of the Corporation for Enterprise Development, a national non-profit that aims to expand economic opportunity. Ms. Hall also recently served as the President of the Board of Directors for Cultural Development Corporation, a nonprofit organization that engages artists and cultural organizations in community development and revitalization projects in the District of Columbia. In 2003, she participated in the American Marshall Memorial Fellowship, a travel program for emerging leaders from the US and Europe. A native of Baltimore who has resided in DC since 1997, Ms. Hall lives in Northeast Washington, DC with her husband and young daughter.

Former President and CEO Shari Berenbach led Calvert Foundation from 1997 to 2010, taking the organization from $5 million to $500 million in assets under management. Ms. Berenbach left Calvert Foundation in August to join the Obama administration, leading the microfinance division of USAID. Since then, Ms. Hall has been serving as the interim head of Calvert Foundation.

Over the past 15 years, Calvert Foundation, which provides investors the opportunity to earn a financial and social return, has helped to create over 528,738 jobs for low-income individuals here in the U.S. and around the world, built or rehabilitated over 19,910 affordable homes, and financed close to 26,638 nonprofit facilities and social enterprises.

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About Calvert Foundation: Calvert Foundation is a nonprofit organization that provides the opportunity for investors to achieve financial returns while empowering people living in low-income communities in the United States and around the world. Calvert Foundation believes in creating a win-win, improving both the lives of those who receive investment dollars and the lives of our investors. A pioneer in the social impact investment field, Calvert Foundation investors have helped to create over 528,000 jobs for low-income individuals, built or rehabilitated 19,000 affordable homes, and financed close to 27,000 nonprofit facilities and social enterprises through their investment in Calvert Foundation’s Community Investment Note. Learn more at www.calvertfoundation.org.

EDITOR’S NOTE: Calvert Foundation is a separate entity from Calvert Group Ltd. and its products should not be confused with any Calvert Group-sponsored investment product. In order to avoid confusion and be consistent when referring to Calvert Foundation in print news stories, always use “Calvert Foundation” as opposed to “Calvert” in headlines and subheads.