February news from Calvert Foundation

Jay Owen SRI/ESG News

It’s a win-win. Earn a financial return while lifting families out of poverty.


Calvert Foundation

Empowering Investors to Empower Communities


Dear Friends,

We hope you closed out 2012 strong and that 2013 is off to a good start! It was a busy December and January here at Calvert Foundation; we invested in several high-impact organizations and funds, our investors reached a milestone with purchases of our Community Investment Notes, and we finished out the year with an operating surplus. Looking ahead in 2013, we have ambitious goals to create new impact investments, launch a new website and strengthen our financial resiliency. We look forward to a great year and are excited to have you on board.

Investment Spotlight – Medical Credit Fund

MCF thumbnailCalvert Foundation recently invested $1,500,000 in the Medical Credit Fund (MCF), which helps private healthcare clinics in Africa obtain funding to enhance their quality of care and affordability for patients. More than 191 clinics have been enrolled to date, and MCF financing is expected to reach more than 1,000 clinics. The Overseas Private Investment Corporation, Gates Foundation and Soros are also key partners in this new fund.

Read the full press release, and check outMCF’s website to learn more.

Highlights from the Blog

Bridge Building in Impact Investing

Felicitas-returnsThe annual Council on Foundations Family Philanthropy Conference, held two weeks ago in San Jose, CA, brought together foundation trustees, wealth managers, financial and philanthropic advisors, and impact investing practitioners. Throughout the conference, we sensed the excitement about impact investing, and desire for action to move our field forward. Our Managing Director of Strategic Initiatives, Jenn Pryce, also led a 101-style workshop on impact investing.

Read the full recap »

WIN-WIN: Building an Inclusive Investment Community

Investing in womenSuzanne Biegel, an early and steadfast supporter of our Women INvesting in Women INitiative (WIN-WIN) recently gave a talk at TEDxWhitehallWomen. She explores her own journey as an impact investor, and she examines the deepened perspective that benefits us all when we build a more inclusive investment community.

What we’re reading

JP Morgan thumbnailJ.P. Morgan and the Global Impact Investing Network (GIIN) released their annual impact investor survey, reflecting feedback from individual investors, asset managers, and foundations.

Most respondents reported that their investments’ financial performance is in line with their expectations, and 96% said they measure the social and/or environmental impact of their investments.

See the full report »

Quarterly Report

Q4 reportIn the recently published quarterly report, we highlight new deals, one of our superstar portfolio partners, and hear Calvert Foundation CEO Lisa Hall’s thoughts on some new impact investing initiatives in the works.

Check out the report»

In the News

Democratizing Impact Investing

As part of a new content partnership with the Skoll World Forum, we contributed to Skoll’s “Theory of Change” series, which highlights different strategies and approaches of investment organizations working for social impact. Alongside the Gates Foundation, Citi Foundation and others, we presented our refreshed theory of change, which builds upon our humble beginnings with the simple idea that investment capital can be used to help end poverty.

Read the full post »

Impact Career Series : Why Community Development Financial Institutions are a good place to start

Tina Browne, a Calvert Foundation Underwriting Officer, opened our eyes to exciting and often overlooked career opportunities in the impact investing industry on the NextBillion Impact Career Series. She notes that the “opportunity for young professionals to rise in the ranks of Community Development Financial Institutions (CDFIs) coincides with a real need.”

Read the full post »

Incapital Announces $175 Million Reached in Distribution of Community Investment Notes

Our friends at Incapital recently announced that they had distributed $175 million of our Community Investment Notes through their investment platform. “It is incredibly important to us to give back to our community and even more rewarding to do so in a way that connects investors to important causes,” said Tom Ricketts, Chairman of Incapital.

Read the full press release »


Join a leader in impact investing for over 15 years. Current openings:

Calvert Social Investment Foundation, a 501(c)(3) nonprofit, offers the Community Investment Note, which is subject to certain risks, is not a mutual fund, is not FDIC or SIPC insured, and should not be confused with any Calvert Group-sponsored investment product. This website is neither an offer to sell nor a solicitation of an offer to buy these securities; the offering is made only by the prospectus, which should be read before investing.