Yes, CCI Notes are now available for purchase electronically. Please contact your broker or Calvert Foundation directly if you are interested in this option.

> How to Invest

Targeting is where (region or sector) an investor chooses to direct their money when they invest in Calvert Foundation. Investors of $50,000 or more Calvert Foundation can customize targeting to the organization of your choice.

> Target Your Investment

You will get an e-mail once a month covering issues and events pertinent to Calvert Foundation and the community investment world.

> Junction eNewsletter

The Calvert Foundation has no obligation to redeem notes or increase rates in response to a rise in commercial interest rates. Early redemption is possible at our discretion, but a penalty may be charged against the interest accrued. Interest rates on Community Investment Notes are selected at the time of investment and fixed throughout the term. If you choose to reinvest at the end of your note's term, you may select any interest rate offered by Calvert Foundation at that time. Shortly before your note's maturity date, you will receive a written notice allowing you to redeem your note or reinvest on any currently offered terms.

> Community Investment Notes

Calvert Foundation was launched by the founders of Calvert Group, Ltd. Calvert Group continues to invest a portion of selected portfolios directly in communities through the use of Calvert Foundation's Community Investment Note. They also provide support to Calvert Foundation through nominal in-kind facilities and legal support. Calvert Foundation has a separate Board of Directors and is a 501(c)(3) nonprofit.

> About Calvert Foundation

Lower interest rates allow us to provide capital at affordable rates to the organizations we work with. The lower the interest rate, the more flexibility they have to focus on community change.

> Social Return Calculator

Yes however, we do have to report the interest earned on the investment to the IRS. Non-US citizens must fill out a form in order to invest with Calvert Foundation.

> Community Investment Notes

Calvert Foundation does not offer POD or TOD, but with the copy of the Death Certificate, Calvert Foundation will be happy to work with the estate manager to distribute or transfer funds as directed.

> Contact Us

Yes, you can invest in CCI Notes by having your broker purchase a CCI Note in your brokerage account. For other ways to invest in Calvert Foundation through an IRA account, please contact us.

> Contact Us

Calvert Foundation investments are not FDIC insured. However, Calvert Foundation has gone to extensive lengths to protect our investors are from loss.

> Risk Management

Request a kit and you look further into our product options. See how our investments are making a difference in communities around the world.

> Request a Free Kit

You can mail Calvert Foundation a check with your account number in the memo line. You will receive written confirmation when the funds have been deposited to your account.

Click on the subscribe button from Calvert Foundation's homepage and then enter your e-mail address.

> Junction eNewsletter

To unsubscribe, enter your email address on the Junction eNewsletter page and click on the unsubscribe button.

> Junction eNewsletter

Calvert Foundation typically invests in organizations that have a minimum track record of three years and are in sound financial condition.

> Eligibility Criteria

Calvert Foundation loans are typically repayable over 3-5 years and are general recourse loans and do not require collateral in many cases

Calvert Foundation's portfolio is distributed in very diverse geographical regions. 35% of the total portfolio is international and 65% is domestic.

If you meet the minimum investment criteria shown above, our lending staff can walk you through the next steps.

> Applying for a Loan

Calvert Foundation requires detailed information on your organization, its finances and the projects you are involved in.

> Applying for a Loan

Calvert Foundation raises its own capital by issuing Calvert Community Investment Notes which are designed to pay a fixed-below market rate of interest which is determined at the time the investment is made for a fixed term.

> View our different types of Calvert Community Investment Notes

Processing time varies, though the average time taken to review and approve the loan is typically between three to six months, although it can take longer. Once your application has been accepted, your Investment Officer will give you honest feedback on how long approval may take.

Calvert Foundation was founded in 1995 and has served over 200 organizations worldwide. Our loan portfolio is both safe: backed by security enhancements of over $20 million; and effective: because we perform rigorous due diligence and monitoring on the organizations in our portfolio to make sure they are financially strong organizations that have real social impact.

Calvert Foundation is not affiliated to another organization and should not be confused with Calvert Group, Ltd. Calvert Group, one of the pioneers of socially responsible investing, has been in the mutual fund business for over 25 years and manages approximately $14 billion in assets in 30 screened and non-screened portfolios for over 300,000 shareholders.

If you meet our minimum investment criteria shown above, please send an email with a brief summary of your organization.

> Apply for a loan by email

Calvert Foundation encourages you to approach some of the organizations we invest in.

> View Community Investment Profiles

The Calvert Giving Fund is a program provided by Calvert Foundation, an independent 501(c)(3) organization governed by a separate Board of Directors. Calvert Group provides support to Calvert Foundation through nominal in-kind facilities and legal support.

View our 'Open a Giving Fund' page.

> Open a Giving Fund

You may set up a Calvert Giving Fund with a $5,000 contribution. Each additional contribution must be at least $500.

> Open a Giving Fund

As often as you like. The minimum contribution is $500. Depending on your individual preferences, you may add to the account after you recommend grants or make regular contributions in order to build an endowment for future grant making.

Cash, mutual fund shares, stocks, bonds and other securities are eligible for contributions to the Calvert Giving Fund. If you have specific questions regarding your contribution or if you would like to donate real estate or other nonconventional assets, please call a Calvert Service Representative at 800.248.0337.

> Download a Letter of Instruction

The minimum account set up amount is $5,000, while the minimum additional gift is $500, and the minimum balance is $2,500. The minimum grant is $250.

$250 is the minimum grant amount.

No. The IRS does not have a distribution requirement for donor advised funds. Calvert Foundation, however, requires its donors to contribute 5% each year to nonprofits (501(c)(3) organizations that support causes of special interest to you. If your account sits idle for more than three years, Calvert Foundation will contact you to ask you for grant recommendations.

Calvert Foundation reviews grants weekly and upon receipt of the recommendation and subsequent approval, makes the grant as soon as possible. However, please allow up to 10 business days to process and fulfill your grant recommendation.

You may view all grant activity in 'real time' via password protected online access at My Giving Fund.

> My Giving Fund

Grants can be made to charitable organizations that are tax-exempt under IRS Code Section 501(c)(3) and are public charities under Code Section 509(a). Calvert Foundation will routinely make grants to public universities, schools, educational non-profits, and IRS recognized religious organizations.

Grants cannot be made to private foundations. Calvert Foundation may consider distribution of grants to foreign charitable organizations or other non-501(c)(3)s, although this grant-making activity will usually incur additional costs to the Giving Fund in question, and will be determined on a case-by-case basis before such grants are undertaken.

Grants may not be used for any pre-existing pledge, dues, membership fees, benefit tickets, goods bought at charitable auctions or for any private benefit. Grants also may not be used for lobbying, political contributions, or to support political campaign activities. Calvert Foundation will reject grant recommendations for improper purposes and may request that the grant be returned or that the donor make an additional non-deductible contribution to the Giving Fund.

You will be notified if an organization you recommend to receive a grant is not approved.

> Recommend a grant

Thanks to its partnership with Global Giving, Calvert Foundation is now able to administer grants to foreign charities. Global Giving has the experience and the expertise to complete international grant servicing such as 501(c)(3) equivalency research and paperwork. Donor Advisors, thus, can recommend grants to foreign charities by filling-out a Grant Recommendation Form as they would for any charity, making sure to indicate the international address, contact person(s), and telephone numbers. Calvert Foundation will forward this paperwork to Global Giving for processing. To the extent possible, due diligence, and verification of projects will be completed within 30 days of receipt of request. A $300-$500 fee will be netted from the grant proceeds for each international grant recommendation. This fee will cover the cost of international communication, 501(c)(3) equivalency research and paperwork, and international wiring costs. If you are interested in learning more about international grantmaking, please feel free to contact a Calvert Giving Representative at 800.248.0337 from 9-5:30 M-F or anytime at foundation@calvertfoundation.org.

> Visit Global Giving's web site

Visit our website, www.calvertgiving.org, where you can find a searchable database of nonprofit organizations to make grants to.

> Community Investment Profiles

See the list of funds available on our website.

> Investment Options

No. There are 15 Calvert Group socially responsible mutual funds and one Calvert Community Investment pool to choose from for investing your irrevocable contribution. Based on your objectives, you may allocate the assets at your discretion. If no allocation is indicated upon receipt of your account application, funds will be invested according to the default Standard Allocation, which is 25% Calvert Community Investment, 25% Calvert Social Investment Fund Bond Portfolio and 50% Calvert Social Investment F undMoney Market Portfolio. Keep in mind you do not own the funds you contribute and they should not be deemed a personal investment.

Yes. Financial stability and performance are essential to Calvert Foundation's investment strategy and the investment options it selects, but it is only the starting point. Calvert also incorporates other core strategies:

- Social Screening and Analysis,
- Shareholder Advocacy,
- Social Venture Capital, and
- Community Investments

For the Calvert Community Investment Pool there is no investment management expense. Each mutual fund is subject to varying operating and management expenses expected to be between .75% and 2.25% of each fund's average net assets per year. These expenses impact the daily net asset values of the funds in the Pools. They are not charged separately to Giving Funds, and are the same expense that any direct investor in these funds would incur. Calvert Foundation does not pay a load charge on the purchases of these funds, which are in A Shares at NAV.

Each Giving Fund is subject to fees ranging between 1/4 to 1% of the assets in the account to cover administrative expenses associated with its operation. Calvert Foundation does not charge any set-up fees to establish a Calvert Giving Fund.

YES, for cash, the tax deduction is usually 100% of the amount of the cash contribution on the date postmarked or wired.

For publicly traded securities held for more than one year, the deduction is generally the mean of the high and low prices reported on the date the contribution is received by Calvert Foundation. For mutual fund shares held for more than one year, the deduction is generally the closing price on the date the contribution is received. For securities or mutual fund shares held for one year or less, the deduction is generally the lesser of cost basis or fair market value.

Before claiming any tax deduction, or determining tax deductibility limits, a Donor Advisor should consult with their tax specialist.

> Overview/Tax Benefits

Your initial contribution to Calvert Giving Fund qualifies as a tax-deductible donation. Likewise, any additional donations you make to your Giving Fund are tax-deductible. Consequently, you do not pay taxes on the money earned in your Giving Fund and donations made from your Giving Fund are not tax-deductible

> Read more about the tax-benefits

Donor Advisors receive a Quarterly Statement which provides:

- A summary of the funds' status
- Investment performance
- A record of contributions to the fund
- A record of grants

You may reach an account service representative at 1.800.248.0337 or foundation@calvertfoundation.org. In addition, you can also access your account information on-line at www.calvertgiving.org.

> Contact Us