COMMUNITY INVESTING
to Fight Poverty and Clean Up
the Environment
Community Investing involves
investing and banking. When you invest in a Progressive Asset Management
Community Investment Note through the Calvert Foundation, you select a
rate of return and a maturity for your note. The idea is to select the
lowest rate of return you can accept, below market rates you might earn
at the bank, for example, in a Certificate of Deposit, and to select the
longest possible maturity for your Community Investment Note. The lower
the rate of return and the longer the maturity, the more you are helping
the borrowers from the revolving loan fund overseen by the Calvert
Foundation.
It’s important to know that Community Investment Notes do not have FDIC
protection the way bank deposits do. To learn about the risks of
investing in Community Investment Notes, contact your PAM
representative, or contact the Calvert Foundation directly. The Calvert
Foundation reviews the credit worthiness of the borrowers from its
revolving loan fund.
The mainstream banking industry will not loan money in economically
distressed or disadvantaged areas for small business start-up, job
creation, affordable housing, or social infrastructure such as daycare
and domestic violence shelters, at least no more than it is required to
do so by law. Yet investment capital is needed in these areas more than
it is needed elsewhere.
Community Investing is devoted to steering investment capital to areas
in need that are ignored or overlooked by the mainstream banking
industry. The SRI industry is currently promoting a “1% in Community
Campaign,” in which advisors, investors, mutual funds commit to
maintaining at least 1% of their portfolios in community investments. L.
B. Stant and Associates, LLC invites you to join the campaign!
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