Calvert Giving Fund
Archived Press Releases
| 07/24/08 |
Habitat for Humanity International Offers Investment-Based Initiative to Support House-Building Projects Investment Program with Calvert Foundation creates an additional way to help finance Habitat’s Work |
| 06/24/08 |
Community Investing Gets a $20 Million Boost from InCapital's Distribution of Calvert Foundation's Community Investment Notes Incapital provides an opportunity for its 400+ broker/dealer network to help communities through their investment accounts |
| 03/12/08 |
Catholic Health Initiatives Makes $10 Million Investment In Calvert Foundation's Community Investment Notes Major Initiative Will Promote Healthy Communities in U.S. and Around the World;Investment is Single Largest from Faith-Based Group in Groundbreaking Program. |
| 02/28/08 |
New Partnership Brings Jewish Funds to Community Investment |
| 01/29/08 |
Leading Foundations Bolster Calvert Foundation in Online Microfinance Initiative Investing in the Working Poor Calvert Social Investment Foundation (Calvert Foundation) is getting the support of some of the largest foundations in the country to offer new ways to invest in the working poor on MicroPlace, a service that allows everyday investors to use the internet to make microfinance investments that provide a financial return while addressing global poverty. |
| 12/03/07 |
Calvert Foundation Wins Fast Company Magazine and Monitor Group's Social Capitalist Award |
| 10/24/07 |
Microplace Launches Investment Website to Address Global Poverty |
| 10/11/07 |
In a First For a Donor-Advised Fund, Calvert Giving Fund Announces Full Divestment From Sudan Calvert Foundation announced today that its Calvert Giving Fund is now fully divested from companies affiliated with the Sudanese government. |
| 09/13/07 |
Returned Peace Corps Volunteers’ Initative Nears $1 Million Mark |
| 09/04/07 |
New Microfinance Relationships in Latin America |
| 07/05/07 |
First Direct Microfinance Investment in Africa for MicroVest and Calvert Foundation MicroVest and Calvert Foundation lent Ghanaian MFI, Sinapi Aba Trust,USD 1.5 MM, marking the first direct investment in an African MFI for both investors. |
| 06/26/07 |
Calvert Foundation Taking on Predatory Lending and Mortgage Foreclosures Community-Based Organizations from CA, DC, KY, MA and TX Recognized for Work; Calvert Foundation Investors Can Direct Support to Local Efforts to Roll Back Predatory Lenders. |
| 04/19/07 |
New $1 Million Grant Will Increase Lending in Disadvantaged Communities Grant from the Bill & Melinda Gates Foundation has Potential to Leverage $20 Million towards community development projects. |
| 12/14/06 |
CI Notes Permit US Investors to Follow in Footsteps of Nobel Peace Prize Winner The Calvert Community Investment Note, Calvert Foundation's innovative financial product allows individual investors to invest directly in microfinance. Calvert Foundation offers investors a unique opportunity to help microentrepreneurs while earning a modest financial return. |
| 12/04/06 |
2007 Social Capitalist Award Selected from among 314 nominees, Calvert Foundation was highlighted as an organization using creativity, business smarts, and hard work to mold a brighter future. |
| 11/08/06 |
Calvert Foundation Wins Wachovia Corporation Excellence Award Calvert Foundation is one of just four groups to be honored nationwide with the Seventh Annual Wachovia Excellence Awards for Opportunity Finance presented by the Opportunity Finance Network (OFN). The Foundation was singled out for praise as a national leader for “Innovation.” |
| 10/16/06 |
CF's Fair-Trade Coffee Investments near $5 million $1M Invested by Starbucks and $1M from individual investors has been “recycled” over the last two years into almost $5M in affordable loans reaching 30,000 coffee growers in Central and South America. |
| 08/23/06 |
Individual Investors Channel $1.6 Million in Affordable Loan Capital to Katrina Aid Groups The Foundation has directed a total of $1.6 million in affordable loan capital to five groups that are working in the Gulf Coast Region to provide affordable housing, redevelopment assistance and other emergency aid in the wake of the devastation of the 2005 hurricane season. |
| 08/09/06 |
Calvert Foundation Invests to Protect Public Radio In a first for noncommercial radio in the United States, three leading groups –- the Calvert Foundation, the Ford Foundation and Public Radio Capital – announced the creation of the “Public Radio Fund” (PRF), which gives individual and institutional investors an opportunity to invest directly in public radio stations to promote independent, plural and local public media ownership across the U.S. |
| 06/05/06 |
"Community Investment Notes” achieves $100 Million Milestone for Microlending Initiatives, Community Development BETHESDA, MD.//June 5, 2006///Calvert Foundation announced today that it has reached a new milestone as a world leader in community investing: $100 million in sales of its Calvert Community Investment Notes. |
| 04/25/06 |
Calvert Foundation Makes $1 Million Investment in MicroCredit Enterprises The investment in MCE is part of $3 million in total disbursements from the Calvert Foundation in the first quarter. |
| 02/14/06 |
Calvert Foundation Invests with Heart: Women Entrepreneurs Benefit From More Support in 2005 Nearly Half of 2005 Portfolio Invested in Microfinance, With Particular Focus on Helping Women-owned Businesses. |
| 12/08/05 |
Calvert Foundation Wins 2006 Fast Company Social Capitalist Award Organization Selected from 125 Award Finalists; Cited for Exceptional Model of Entrepreneurship in Not-for-Profit Service Sector |
| 11/29/05 |
FIGHT AGAINST POVERTY ENLISTS HUNDREDS OF BROKERAGE FIRMS: Deal With Incapital Means Huge Increase in Reach of Calvert Foundation at Brokerage Firm Level; First Truly National Presence for Community Investment Notes Expected to Boost Interest in Community Investing as Category for Investors. |
| 11/28/05 |
Calvert Foundation’s Domestic Affordable Housing Portfolio The following article which focuses on affordable housing is an excerpt from "Theories of Change, CSIF's Investment Strategy for Alleviating Poverty," a study that looks at the overall systemic impact of our portfolio investment areas. |
| 11/15/05 |
Calvert Foundation Giving Fund Allows People to Come Together in Spirit of Season; How One Group Created the “Chocolate Dividends Fund.” Sunita de Tourreil and Greg Wolff are using their Calvert Giving Fund in a unique way- to channel loan capital to support fair trade cocoa farmers in Ecuador. |
| 11/03/05 |
Leading Institutional Investors and Development Agencies Launch The Global Commercial Microfinance Consortium; Landmark Global Collaborative $75 Million Fund for Micro-Entrepreneurs Calvert Foundation announces its participation in the Global Commercial Microfinance Consortium, a $75 million fund which will channel critical capital to international microfinance initiatives. |
| 10/04/05 |
GULF COAST RECOVERY INITIATIVE CALVERT FOUNDATION LAUNCHES COMMUNITY INVESTMENT PUSH TO TARGET GRASSROOTS RECOVERY EFFORTS IN HURRICANE DEVASTATED AREAS |
| 09/12/05 |
MYSTERY SOLVED: WHO ARE “COMMUNITY INVESTORS”? Calvert Foundation survey looks at emerging group for which social impact is just as important as returns. |
| 07/20/05 |
CF Boosts Microlending to Middle East Calvert Foundation is launching a new Middle East Microcredit Giftshare project in order to extend much-needed microloans to woman-owned small businesses owners and other entrepreneurs in the Middle East. Calvert Foundation is putting up $25,000 for investment in the Microfund For Women in Jordan (MFWJ). |
| 06/21/05 |
Fair-Trade Coffee Boost: Calvert Foundation Distributes Starbucks Investment Aiding Nearly 25,000 Latin American Coffee Growers One Year After Investment: Pre-Financing Used to Support the Sale 22.3 Million Pounds of Coffee, Improve Circumstances for Small Coffee Farmers. |
| 03/04/05 |
Calvert Foundation Places $20 million in new investments in 2004 The past year marked record impact for Calvert Foundation, as it continued to ramp up its community investment portfolios with capital provided by over 2,000 individuals and institutions. Portfolio disbursements increased 42% from $14 million in 2003, to $19.9 million in 2004. This brings Calvert Foundation’s aggregate global portfolio to $54.3 million, placed in 183 community development and social enterprises. |
| 01/26/05 |
CALVERT FOUNDATION “WIRES” COMMUNITY INVESTMENT Calvert Foundation and Fannie Mae Foundation announced today that Calvert Foundation’s Community Investment Notes will be the first community investment security of its kind to be available for direct purchase via an electronic trading platform. |
| 12/17/04 |
Portfolio Focus On: FINCA The Calvert Foundation, partnering with the Foundation for International Community Assistance (FINCA), invests in creating solutions to poverty, worldwide. Since 1999, Calvert has provided FINCA with a loan that has been renewed—recycled, in a sense—throughout the application of many cycles, impacting hundreds of thousands of people. FINCA Executive Director Rupert Scofield spoke about the important role that socially responsible investors play when they make an investment on behalf of FINCA through the Calvert Foundation. |
| 11/01/04 |
Calvert Foundation honors Financial Advisors committed to Community Investing Eric Smith, of KMS Financial in Seattle and David Dobkin, for Cambridge Investment Research in Berkeley were added to Calvert Foundation’s hall of fame in this year’s Advisor of the Year awards presentation. Every year at SRI in the Rockies (www.sriintherockies.com), a gathering of the socially responsible investing industry, Calvert Foundation recognizes financial advisors that demonstrate exemplary commitment to Community Investing. |
| 09/14/04 |
Calvert Foundation invests $1million in Central Bank of Kansas’ Urban Core Improvement Fund Calvert Foundation continues its commitment to community development with a $1,000,000 deposit to the Central Bank of Kansas. The deposit is dedicated to Central Bank’s Urban Core Improvement Fund, launched in June 2004. |
| 09/14/04 |
Calvert Foundation Provides Critical Prefinancing to Papua-New Guinea Fair Trade Coffee Cooperative Calvert Foundation has invested more than $50,000 in KWAY Organic Coffee Farmers, Ltd. (KWAY) to provide pre-financing of contracts for the sale of its coffee to Royal Coffee, Inc. This investment will deliver funds to the coffee farmers when they need it most – at the time of harvesting, processing, and exporting prior to the payment against shipping that is standard for coffee contracts. While the funds will certainly contribute to KWAY’s success in business, they will also enhance the cooperative’s ability to positively impact the health and welfare of KWAY member communities, many of which live in the poorest region of this poor Pacific island nation. |
| 07/30/04 |
Calvert Foundation Surpasses $100 Million in Assets Bethesda, MD – Calvert Foundation (The Calvert Foundation) today announced that it has surpassed $100 million in assets. Its flagship product, Calvert Community Investment Notes, broke the $75 million mark, while its donor advised fund product, Calvert Giving Fund, broke $10 million. |
| 07/30/04 |
Providing Hope, One Loan at a Time. Freedom from Hunger (FFH) is a California-based organization implementing worldwide strategies for fighting hunger with innovative, self-help programs. In 1988, as part of the United Nations Development Program’s MicroStart Initiative, FFH developed the world’s first integrated micro-credit health and nutrition program in an effort to free the world’s most poverty-stricken individuals from hunger—“one family at a time.” This program, called Credit with Education (CWE), launched a new age in the fight against hunger, combining information for improving people’s lives with the resources to utilize it. Credit with Education now serves more than 330,000 families across the globe. |
| 07/01/04 |
The Investor’s Toolkit The Calvert Foundation and BlendedValue.org have released The Investor’s Toolkit, an exploration of managing financial assets using a strategy that maximizes not only economic performance, but also social and environmental returns. The paper is intended to broaden understanding of the diverse investment vehicles that are currently available, and to analyze how these trends might play out for different types of investors. |
| 07/01/04 |
A Sustaining Solution Calvert Foundation partner and fellow community development organization, the Cascadia Revolving Fund (www.cascadiafund.org), supports a different kind of environmental – and stylish - cause. In April, Cascadia’s financial backing helped the owners of the organic clothing store, Of the Earth, open in Bend, Oregon. This store is part of a larger trend known as “sustainable living;” it espouses the use of environmentally-friendly materials, responsible farming and production methods, and taking a stand against exploitive working practices. |
| 04/23/04 |
Calvert Community Investments (CCI) Upgrades Security Enhancement CCI has witnessed remarkable growth since it first launched in 1995. And, with this growth, a commitment to increased first-loss funds to protect investors has been just as important. |
| 04/15/04 |
VT Community Foundation Marries Mission to Portfolio Vermont Community Foundation (VCF) is a charitable organization that works with concerned citizens who wish to use their philanthropy to support Vermont communities. VCF launched the “5% for Vermont Communities” investment campaign to enhance outcomes that improve the lives of all Vermonters. |
| 04/13/04 |
Calvert Foundation Cosponsors Online Event on Social Capital Markets beginning April 13 on Social Edge at http://www.socialedge.org/events. |
| 03/12/04 |
Starbucks $1 Million Helps Sustain Fairtrade Coffee Farmers More than 10,000 Small-Scale Farmers and Their Families Benefit from Access to Affordable Credit Provided by Starbucks |
| 02/25/04 |
Study Finds Loans to Low-Income Borrowers No More Risky than Conventional Loans Research released yesterday finds that community development financial institutions serving low-income clients have a lower rate of loan write-offs than mainstream banks. |
| 02/17/04 |
Financial Professionals Bring Community Investing to Clients Calvert Community Investments named Andy Loving (KY), Kathy Leonard (CO) and Judy Withee (CA) the first Community Investment Advisors of the Year. |
| 02/17/04 |
VOXIVA: Creating Technology, Developing Communities, Saving Lives In recognition of its community development impact, Voxiva recently received an equity investment of $58,000 from Calvert Foundation’s Community GiftShare program. Calvert Foundation places capital with high impact programs that address such issues as homelessness and the environment. Voxiva has used the Calvert Foundation investment to continue its programs in Peru and the Amazon, and to build and develop its system infrastructure to ensure the continuation of the quick and effective relay of critical health information. |
| 02/04/04 |
Calvert Community Investments Enters Fair-Trade Coffee Sector Committed pro-organic coffee groups and a growing customer demand for fair-trade coffee beans have increasingly influenced coffee distributors to carry fair-trade coffee. Fair trade coffee guarantees a fair price to small-scale coffee farmers in developing countries. Such fair prices are essential for farmers to meet their basic need of a living wage for themselves and their families. Fueled in part by a $1 million investment commitment to Calvert Community Investments from Starbucks Coffee Company, Calvert Foundation has built a portfolio of coffee cooperatives and non-profit organizations dedicated to supporting the growth of the fair trade coffee sector. |
| 02/04/04 |
Calvert Community Investments Places $14 Million in 2003 The past year marked record impact for Calvert Foundation, as it continued to ramp up its community investment portfolios with capital provided by almost 2,000 individuals and institutions, including the Calvert Group family of socially responsible mutual funds. Portfolio disbursements doubled from $7 million in 2002, to $14 million in 2003. This brings Calvert Community Investments’ aggregate global portfolio to $53.6 million, placed in 183 community development and social enterprises. |
| 12/02/03 |
Co-op America honors Calvert Foundation Each year, Co-op America presents the Building Economic Alternatives (BEA) award to an organization or individual that exemplifies socially responsible business practices. This year at the recent annual conference, Calvert Foundation was honored with the BEA award. “The BEA award demonstrates the important innovation represented by an investment vehicle that integrates both financial and philanthropic objectives,” said Executive Director Shari Berenbach. |
| 12/02/03 |
Socially Responsible Investing on the Rise Once on the periphery of investment; ignored by the large conglomerates, and too small to be noticed by the general public, Socially Responsible Investment (SRI) is now on the rise. The Social Investment Forum’s 2003 Reporting on Socially Responsible Investing showed that SRI screened portfolios have grown 7% since 2001 over the 4% decline experienced by other investment entities with unscreened portfolios. Assets held and invested locally by community development financial institutions (CDFIs) based in the United States, such as Calvert Foundation, totaled $14 billion in 2003, up from $7.6 billion in 2001. |
| 11/07/03 |
Introducing Count Me In Invest In Women Notes Recently, The Calvert Foundation has partnered with Count Me In for Women’s Economic Independence to launch Invest in Women Notes. The Invest In Women Notes program connects Calvert Foundation’s tradition of community investment with Count Me In’s emphasis on woman-owned businesses. |
| 11/07/03 |
Calvert Welcomes a New Borrower Calvert Foundation welcomes a new borrower to its family. BRIDGE Housing has done exceptional work in providing affordable housing to communities throughout California. With Calvert's partnership, BRIDGE Housing promises to make bigger breakthroughs in the housing crisis. |
| 07/22/03 |
Foundation Begins to Reconcile Investments with Programs The Fetzer Institute uses screens and community investment to align a small portion of its assets with its social and environmental goals. |
| 07/17/03 |
Philadelphia Innovates Solutions to Predatory Lending for Low- and Middle-Income Homeowners Two programs supported by the city of Philadelphia help low- and middle-income homeowners exposed to predatory lending when seeking loans to rehabilitate their houses. |
| 06/18/03 |
Calvert Foundation Disburses Nearly Five Million Dollars in New Investments in First Two Quarters of 2003 During the first and second quarter of 2003, Calvert Foundation disbursed over $4.7 million in investments to fifteen community development organizations, to help further community development both domestically and abroad. |
| 04/16/03 |
Village Banking Supports Tomato-Selling in Tanzania (and Other Community Investing) FINCA provides microfinance to groups of villagers at market rates to create businesses that remain sustainable in the local economy long after loan repayment ends. |
| 03/21/03 |
It's a Small World After All Calvert Foundation is excited to announce its new partnership with DevelopmentSpace, which will enable Calvert Foundation to make international grants on behalf of Calvert Giving Fund donor advisors. Calvert Giving Fund is one of the few donor advised programs that facilitates giving overseas-- linking donor advisors with social entrepreneurs across the globe. Suddenly international grantmaking has become as easy as making a grant to your favorite local charity! |
| 03/06/03 |
Needmor Fund picks the Calvert Foundation to manage their Community Investment Portfolio The Needmor Fund of Ohio (Needmor) selected a variety of innovative community investment products offered by Calvert Foundation to allocate a portion of their portfolio in investments that support low-wealth communities. |
| 02/28/03 |
Adamson Selected As 2003 National Women’s History Month Honoree FREDERICKSBURG, Va. (From First Nations Development Institute) – Rebecca Adamson (Cherokee), founder and president of First Nations Development Institute and Calvert Foundation Board Member, has been selected by the National Women’s History Project as a March 2003 Honoree. The 2003 National Women’s History Month theme, “Women Pioneering the Future,” recognizes innovative women throughout U.S. history who have expanded, and who continue to expand, the frontiers of possibility for generations of women. |
| 02/21/03 |
Calvert Community Investments sails past $50,000,000 mark 2002 was a challenging year for investors, yet Calvert Community Investments was a bright spot in many portfolios, providing a modest stable return while making positive impact at the community-level. Calvert Foundation ended the year with $52 million in Community Investment (CI) Note sales, 1,540 investors and a portfolio of 160 community development groups. This represented a net increase in CI Note assets of 35% for the year. |
| 02/10/03 |
Calvert Community Investment Notes Now Available in Self-Directed IRAs Bethesda, MD - Calvert Foundation, with the help of a special asset custodian, PENSCO Trust Co., lets investors hold retirement funds in Calvert Community Investment (CCI) Notes . PENSCO sets up a Self-Directed Individual Retirement Account (An IRA, SEP IRA, Roth IRA, Rollover IRA, Educational IRA, Charitable IRA and Spousal IRA), and at the investor’s request directs some or all of the account to CCI. |
| 01/23/03 |
Calvert Foundation has Banner Year Investing in Jobs, Homes and Lives In 2002, Calvert Foundation disbursed over $7 million in investments to 40 community development organizations, to help better communities on a global scale. |
| 12/30/02 |
Community Investment Pays: More Conversation with F.B. Heron's Luther Ragin Luther Ragin details F.B. Heron Foundation's returns on its community investments and urges other foundations and institutional investors to consider community investing (part two of a two-part article). |
| 12/27/02 |
Helping People Help Themselves: A Conversation with F.B. Heron's Luther Ragin Luther Ragin explains why and how the F.B. Heron Foundation commits a whopping 18 percent of its total assets toward community investment projects (part one of a two-part article). |
| 10/07/02 |
Tables Turning on Predatory Lending? The fight against predatory lending is being waged across the country by committed organizations that are utilizing capital from investors to create critical community impact. Meanwhile, major penalties are being handed down on predatory lenders. |
| 08/13/02 |
NCCED Supports CDCs The National Congress for Community Economic Development is helping community development corporations operate more effectively and expand their services. |
| 07/12/02 |
Community Minded Organizations Challenge Current Corporate Trends In light of the recent news regarding WorldCom, Enron, and Arthur Andersen, it seems fitting to take a moment to recognize and salute community-development organizations, such as Quitman County Development Organization and the Enterprise Corporation of the Delta, and like-minded investors that are using capital as a force for community good. By investing in a Calvert Community Investment Note, you can personally help support community-minded organizations such as these that are part of the Calvert Foundation Portfolio, protect your assets, and reverse current corporate trends. |
| 06/12/02 |
New PRI Opportunity Garners Flexible Capital for Award-Winning Community Development Corporations Calvert Foundation has created a well-structured program related investment (PRI) opportunity that for the first time allows funders to buy-into a PRI Offering, combining strong credit quality and convenience with significant community impact. |
| 04/22/02 |
Community Investment Supports Environmental Sustainability Earth Day is the occasion to recognize some of the organizations that are channeling community development capital into sustainable businesses, eco-friendly agriculture and land preservation. Due to the support of community-minded investors, there are many organizations like Coastal Enterprises, Inc., EcoLogic Enterprises Venture, Inc. and CorLands proving that efficient use of our natural resources is an important element in strengthening our communities. |
| 04/17/02 |
Calvert Community Investment Notes Now Registered in All 50 States With Georgia and Wisconsin recently registering Calvert Community Investment Notes, this program has reached a longtime goal to be offered to retail investors nationwide. |
| 04/05/02 |
Community Development Credit Unions Introduce Affordable International Wiring Services Working immigrants in the United States, especially those from Central and South America, often send portions of their income back to their native countries to help support friends and relatives. Several Community Development Credit Unions (CDCUs) have started to provide services that allow their members affordable ways to send funds "back home". |
| 03/20/02 |
AEO Reports on Mergers of Microenterprise Groups Everyday in the business section of the newspaper you read about companies merging due to economic pressures or a drive for market strength. According to a new report from the Association for Enterprise Opportunity (AEO) microenterprise development practitioners are no exception to the mergers trend. |
| 03/06/02 |
MFIs Expand Services to Include Insurance Many Microfinance Insitutions (MFIs) are realizing that low-income populations are in need of a diverse array of financial products and services. One recent innovation is the concept of MFIs providing insurance to their low-income borrowers. |
| 02/21/02 |
Community Organizations Help Bridge the Digital Divide Much of the United States population has seen a tremendous increase in access to personal computers. However, many individuals and communities do not have access to the information technology that they need to compete in today's evolving economy. Community-based organizations are taking several steps to ensure that their clientele are not held back by this 'digital divide'. |
| 01/29/02 |
Conference to Focus on Embracing Values, Money and Community The Cornerstone SRI (socially responsible investing) is hosting its annual conference on March 14-17 2002, on Kiawah Island, South Carolina. The conference will provide a forum for those who are ready to make a difference through their investment decisions and commitment to community development. |
| 12/20/01 |
Update: Recovery Funds Used to Support Nonprofits and Small Business Demands for community-based financing have been met by recovery funds established by the Nonprofit Finance Fund and ACCION New York in the wake of the September 11th terrorist attacks. |
| 12/05/01 |
Calvert Foundation Honored in National Community Investing Campiagn Calvert Foundation and 12 other organizations were recognized for transforming community investment capital into opportunities. |
| 11/26/01 |
Calvert Foundation Launches Philanthropic Portfolio Strategies for Donors Calvert Giving Fund is the first Donor Advised Fund to provide information on charities from experts around the country. |
| 11/21/01 |
Calvert Foundation Launches Donor Advised Fund That Leverages Calvert's Social and Investment Expertise New Calvert Giving Fund Offers Low Minimums, Ample Social and Community Investment Options, and Access to Analysis on Charities |
| 11/20/01 |
Massachusetts Declares Day after Thanksgiving "Community Investing Day" On November 20, both the Massachusetts House and Senate passed a resolution to encourage citizens to show their commitment to economic justice by allocating funds to community building initiatives. |
| 11/19/01 |
Recovery Fund Established for Community Based Nonprofits The Nonprofit Finance Fund (NFF) recently established the Community Recovery Fund to help support community based nonprofit organizations that have been structurally or economically damaged by the terrorist attacks on New York on September 11th. |
| 11/16/01 |
Financial Advisor Calls for "Community Investing Day" Spurred by the head of PAM’s Wellesley branch, Eric Packer-- a leading proponent of introducing community investment opportunities to his clients--the firm is calling on concerned people to show their commitment to economic justice by allocating funds to community-based initiatives instead of participating in the traditional spending frenzy. |
| 10/09/01 |
Starbucks Coffee Company Responds to the Plight of Coffee Farmers Starbucks Will Offer $1 million in Financial Support to Coffee Farmers And Will Expand its Fair Trade Certified Coffee Program |
| 10/01/01 |
ShoreBank Surpasses $1 Billion in Community Development Investment Nation's oldest and largest community development bank passes milestone in serving distressed inner-city neighborhoods. |
| 09/26/01 |
Community Organizations and Funders in NYC Disrupted by September 11th Attack UHAB, NFCDCU and the F.B. Heron Foundation were all forced to temporarily close, due to the collapse of the World Trade Center towers. |
| 08/02/01 |
Number of Homeless Families Rising The New York Times has recently addressed the increase in homelessness in New York City. Several Community Development Organization are fighting this trend by providing affordable housing alternatives. |
| 07/25/01 |
New Initiative to Revitalize Rural Communitues National Rural Funders Collaborative (NRFC)is a new private-sector initiative created to stimulate reinvestment and revitalization of rural America. |
| 07/23/01 |
CDFI Fund Partially Restored to $100 Million On July 19th the Senate Appropriations Commitee proposed to increase the budget for the CDFI Fund to $100 million. |
| 07/16/01 |
Calvert Foundation Invests In Small Business Lenders The Calvert Social Investment Foundation made $1.28 million in below-market interest rate loans to seven nonprofit community organizations benefiting impoverished communities domestically and internationally. |
| 07/02/01 |
LIHF Helps Families Out of Poverty The Low Income Housing Fund, one of the country's largest community development financial institutions, helps people gain stability and hope. |
| 06/28/01 |
Budget Proposal Threatens 42% Cut in CDFI Fund Despite campaign assurances of support for Community Development Financial Institutions (CDFIs), President Bush is proposing drastic budget cuts for the CDFI Fund. This budget will be in the hands of House and Senate Subcomitees in Early July. |
| 06/25/01 |
Redesigned Community Investment Website Launched Calvert Social Investment Foundation (Calvert Foundation) has announced the re-launch of its website www.CalvertFoundation.org |
| 05/21/01 |
Web Site Lets Consumers Tell Citi To Stop Predatory Lending Abuses The Social Investment Forum Foundation and Co-op America, two non-profit organizations, have launched a major Web-based campaign to oppose predatory lending by Citigroup's (NYSE:C) latest acquisition, Associates First Capital. |
| 05/15/01 |
HAC Calls for More Affordable Rural Housing Rural Americans suffer the same affordable housing shortage as their big-city neighbors, and their situation is just as solvable, the Housing Assistance Council stated today. HAC has joined forces with a wide range of housing producers and advocacy organizations to highlight the nation's critical housing need. |
| 04/25/01 |
Calvert Foundation Invests in Award Winners Calvert Social Investment Foundation lent $1.3 million to nonprofits, of which $750,000 was directed towards innovative community development corporations (CDCs) promoting growth and self-sufficiency within urban communities. |
| 03/08/01 |
Self-Help Credit Union Reaches Milestone in Community Investing From humble beginnings in the back of a Volkswagon Beetle, non-profit lender generates $1 billion in financing. |
| 03/04/01 |
Loan Fund Supports Farmers in Chiapas For the first time, small-scale coffee farmers in Chiapas, Mexico will receive low-interest loans through a $400,000 fund established by Conservation International (CI) and EcoLogic Enterprise Ventures. |
| 01/18/01 |
Small Farms Saved with Agritourism Some farmers, particularly in Vermont, have now found a way to turn their rare knowledge of the land and farm lifestyle into a profitable industry – agritourism. |
| 01/12/01 |
Chicago Community Loan Fund Meeting Human Needs Loans for affordable housing, social service and other projects benefit low- and middle-income Chicago neighborhoods. |
| 01/01/01 |
Grassroots Lending Supports Lesbian and Gay Community NFF, IFF, Wainwright, Triangle, and AFCU are just a few examples of the growing number of community development lenders that are providing support for the LGBT community. |
| 12/04/00 |
Green Loan Fund Supports Environmental Enterprises in Latin America EcoLogic Enterprise Ventures has created a model where loans for economic development help promote tropical forest conservation. |
| 11/22/00 |
Program brings Community Investing to Lesbian/Gays Online New parternship between the Gay Financial Network and Calvert Foundation to provide community investment |
| 10/25/00 |
Sarona Fund Gets Big Social Returns on Small Investments A Mennonite micro-enterprise fund finds economic promise in low-income communities around the world. |
| 10/12/00 |
Canadian Community Loan Fund Struggles for Retirement Dollars The Jubilee Fund is pressing the Canadian government to permit retirement plans to include community investments. |
| 09/28/00 |
Albany Loan Fund Celebrates 15 Years of Social Impact Capital District Community Loan Fund links investors with community projects in need of capital for high social returns. |
| 09/14/00 |
Community Development Partnership Helps Midwesterners Buy Homes A targeted program spearheaded by the Housing Assistance Council and the Federal Home Loan Bank of Topeka helps boost home ownership in rural communities. |
| 08/28/00 |
Northwestern Community Fund Seeks Economic Justice Cascadia Revolving Fund provides loans and technical support to small businesses that employ low-income people and minorities in the shadow of prosperity. |
| 08/18/00 |
Minority- and Women-owned Community Banks Gain Recognition The National Bankers Association reports member banks that have received federal community development financial institution certification. |
| 08/15/00 |
Freddie Mac Targets Predatory Lending A public information campaign launched in 12 cities nationwide stands to alert millions of Americans about abusive lending practices. |
| 07/25/00 |
Ithaca Credit Union Reaches Youth Community Alternatives Federal Credit Union embraces community development through a variety of innovative programs for underserved communities, including teenagers. |
| 07/11/00 |
Sustainable Jobs Fund Makes Virtuous Ventures A new venture capital fund stands to create quality jobs while growing responsible businesses. |
| 07/06/00 |
New Mexico Fund Opens Doors Dedicated to economic empowerment of low-income people, the New Mexico Community Development Loan Fund celebrates ten years of lending. |
| 06/16/00 |
Canadian Credit Union Launches International Community Deposit VanCity introduces a community investment vehicle that benefits underserved communities around the world. |
| 06/14/00 |
McAuley Institute Introduces Women's Homeownership Program The women-led community development corporation, established by the Sisters of Mercy, is launching a national initiative to increase the number of women who own homes. |
| 06/05/00 |
Domini Launches Social Bond Fund In a unique partnership with South Shore Bank, Domini Social Investments introduces a socially screened bond fund with community impact. |
| 06/01/00 |
Calvert Launches LGBT Community Loan Program A community loan program introduced by Calvert Foundation provides investment capital to gay, lesbian, bisexual, and transgender communities. |
| 05/24/00 |
Shorebank Offers National Banking with Community Impact The oldest and largest community development bank in the U.S., Shorebank is uniquely positioned to be the bank of social investors. |
| 05/15/00 |
California State Treasurer Launches Community Investment Initiative In a report released last week, Treasurer Philip Angelides musters $8 billion of investments in domestic emerging markets to help underserved communities. |
| 05/12/00 |
Social Investors Rise to New Challenges at National Conference At a meeting held in New York this week, socially responsible investment professionals reveled in a decade of outstanding growth, but did not rest on their laurels. |
| 05/09/00 |
Calvert Launches Linked Account for Social Impact A new product combines measurable social returns with the flexibility and liquidity of a money market account. |
| 04/29/00 |
Ohio Fund Finds Room for Children to Grow Ohio Community Development Finance Fund promotes the social benefits of adequate childcare facilities across the state. |
| 04/24/00 |
Annual Conference Offers Inspiration for Social Investors The fourth annual "Making a Profit While Making a Difference" conference provides a wealth of information for both high-net-worth individual and institutional investors. |
| 04/10/00 |
MMA and Calvert Collaborate on Community Investment Mennonite Mutual Aid breaks into the community development investing market with the help of Calvert Foundation, bringing millions of dollars of capital to underserved communities. |
| 03/28/00 |
Social Investment Makes Sense to California State Treasurer Leading other state and local governments, the Treasurer of California uses state funds to promote social goals. |
| 03/01/00 |
NICA Fund Gives Credit to Nicaraguan Communities A year after their first loan, the Nicaraguan Credit Alternatives Fund has loaned $1.65 million to help rebuild the economy of the Central American nation from the ground up. |
| 02/24/00 |
Religious Investors Find New Frontiers at MMA Praxis The Mennonite mutual fund family leads the way to more complete program of socially responsible investing. |
| 02/10/00 |
VCLF Makes a Big Difference in a Small State Vermont Community Loan Fund brings a vibrant program of affordable housing, community facilities, and small business to the Green Mountain State. |
| 02/04/00 |
Business Ethics Announces Six Social Investment Award Winners Mutual funds and community investment firms gain high honors for both performance and social activism. |
| 02/01/00 |
New Ventures Rewards Start-up Environmental Businesses in Latin America Environmental companies in six sectors compete for venture capital, professional consulting, and $100,000 cash. |
| 01/17/00 |
Funding Social Change Brings Charity Beyond Band-Aids The Funding Exchange puts social, political, and economic justice into the vocabulary of philanthropy. |
| 01/11/00 |
Delta Community Harvests Sustainability in Sweet Potatoes The Enterprise Corporation of the Delta provides capital for vital community development in rural Mississippi town. |
| 12/30/99 |
The Five Biggest Social Investing Stories of 1999 In the growing field of socially responsible investing, here's five news items that topped the charts and made 1999 a year to remember. |
| 12/22/99 |
New Hampshire Community Loan Fund Brings a Merry Christmas to Concord Family The Home of Your Own Program offers the dream of ownership to low-income families dealing with developmental disabilities. |
| 12/16/99 |
Nonprofits Find Added Value in Venture Philanthropy Although it will not replace classical philanthropy, venture philanthropy brings grant-making to a new level of engagement. |
| 11/29/99 |
Community Development Helps Build Cabinets and Job Opportunities Cooperative Fund of New England boosts small business development in Hartford neighborhood |
| 11/08/99 |
Two Trillion Dollars in Socially Responsible Investments Social Investment Forum reports that one out of every eight dollars under management is now invested responsibly. |
| 11/02/99 |
DEVCAP Shares the Wealth with the World's Poorest One billion people are living in extreme poverty, earning less than 75 cents a day. DEVCAP Shared Return Fund brings them microenterprise development and hope. |
| 10/28/99 |
New Bank Deal May Be Bum Deal for Communities Advocates fear that financial institution mergers could spell disaster for regulatory oversight and community financial needs. |
| 10/01/99 |
Calvert Foundation Offers New Community Investment Scheme The Community Giftshare donor program launched by Calvert Foundation gives donors the opportunity to put their money where they want it most. |
| 09/24/99 |
Calvert Tops 1,000 Community Investors Trend-setting foundation adds to its flock of community benefactors. |
| 09/10/99 |
Clinton Calls for Community Investment President Clinton tours MMA's community investment sites, calls attention to their good example. |
| 08/06/99 |
Book Review: "Investing with Your Values" A book from leading voices in socially responsible investing gives readers an intimate look at SRI's bright future. |
Contact us for more information at 800.248.0337 or news@calvertfoundation.org
