Community Investment Note

United States of America

Last updated 13 May 2020, by Impactyield.

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The Community Investment Note is a high-impact fixed income product that channels capital to a diversified portfolio of over 250 nonprofits and social enterprises. The Note is convenient to buy online or through your brokerage account and can be targeted to meet specific investor interests (i.e. geographic or impact area). Learn more at

Asset class

Fund style

Financial description

Our portfolio is professionally managed by a team that uses industry-leading due diligence to carefully vet each group we loan to. We have maintained a 98.8% repayment rate from borrowers and a 100% repayment rate to our investors. Also, we have raised our capital support to over $30 million in security enhancements on a $190 million portfolio, so there are many layers of protection for investors.

28 years

of track record


the year funded

500,000,000 USD


Asset manager

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Safe and affordable housing

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase aid for trade support

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Calvert Foundation

Product track record: Fund has 28 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Below risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 1995

Vintage year: 1995

Target region: ,

Target close date: n.a.

Product term: 1-5 years

Assets under management: 500,000,000 USD (US Dollar)

Investment size: Min: 50,000; Max: 5,000,000; Avg: 850,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 300

Fund investments to date exited or repaid: 50

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: Over 7,500 individual and institutional investors

Limited Partner / Investor Type: Family Office, Other Institutional Investors, Retail Investors




Phone number: 800.248.0337

If you wish to have your details removed from this database please email

Justin Conway

Relationship Manager

Lisa Hall


Patrick Davis

Sr. Associate

Impact Performance


Impact thesis

Calvert Foundation investors and donors have helped to create over 528,738 jobs for low-income individuals, built or rehabilitated 19,910 affordable homes, and financed close to 26,638 nonprofit
facilities and social enterprises.
Through our investments, we seek to bring a deeper meaning to the lives of not only those who receive investments, but also the lives of our investors. Achieving financial returns while investing in the potential of individuals and communities is a win-win.

Impact Management


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