Community Investment Notes from Calvert Foundation
Vision/Mission
Since 1995, Calvert Foundation has provided social investors with the Community Investment Notes, which help to lift people out of poverty while providing a modest financial return back to the investor.
Calvert Foundation works to maximize the flow of capital through more than 250 community development organizations globally, to benefit underserved communities and individuals, and to achieve a more equitable and sustainable society. Through Calvert Foundation’s different programs, individuals and institutions place capital to finance affordable homes, fund small and micro-businesses, and make available essential community services.
Program
Community Investment Notes offer individuals and institutions the chance to invest in dozens of microlending, low-income housing, and community development loan funds. The Notes offer flexible terms and target geographic and social interest. Targeted sectors include:
Full Portfolio: Place your investment where funds are needed most in Calvert Foundation’s portfolio, helping to create jobs, homes and hope for communities in the U.S. and abroad.
United States: Select from eight domestic regions to direct your investment geographically.
International/Microcredit: Support microfinance projects and other international efforts to help end poverty in more than 100 countries around the world.
Gulf Coast Recovery: Channel funds toward rebuilding efforts in the Gulf Coast and other regions devastated by hurricanes.
Social Enterprise: Finance business ventures that produce tangible social or environmental benefits for local economies and communities.
Independent Media: Invest directly in public radio stations to promote independent, plural and local public media ownership.
Impact/Client Population
Calvert Community Investments have put capital more than 250 community development organizations. Investments have been made into community development financial institutions, social enterprises, microfinance institutions, community development banks and credit unions serving lower income communities.
Investing in Community Investment Notes
On behalf of our clients, Trillium Asset Management Corporation will purchase Calvert Community Investment Notes of at least $5,000. Term and rate of return will vary. Notes can be bought electronically in some brokerage accounts in a manner similar to buying conventional investment products.
Upon purchasing a Community Investment Note, the full value of your principal is lent out to help underserved communities. As loans are repaid, the capital is lent out again, multiplying the social impact that your investment has created. At maturity, your capital is returned to you with interest.
Calvert Community Investments is administered by the Calvert Social Investment Foundation, a 501(c)(3) non-profit organization. Calvert Community Investments should not be confused with any Calvert Group sponsored investment product, is not a mutual fund, nor is it FDIC insured.
Visit www.calvertfoundation.org for more information.
