timothy.freundlich at cal
05-05-1999, 02:37 PM
Dear Maryellen and the CDB-list:
In answer to your question, here are the groups Calvert Social Investment
Foundation is invested in, or committed to invest in, or for which Calvert
Foundation acts in an administrative capacity for certain Calvert Group Ltd
Mutual Funds. Loosely defined this defines our core 'CDFI'
universe...although we are constantly adding groups as we grow. Currently
these portfolios represent roughly $21 million in investment. The 28
profiles we worked up initially were drawn from this list, as will the
additional groups for this summer. There are banks and credit unions mixed
in here, although these have historically not been the first emphasis of
Calvert Foundation's facility, because they are insured vehicles, and our
mission is to responsibly channel capital to uninsured loan funds.
ACCION Latin Bridge Fund
ACCION US Bridge Fund
Albina Community Bank
Alternatives Federal Credit Union
Banco Solidario
Bank of Cherokee County
Bank of Newport
Boston Community Capital
Caja Los Andes
Capital District Community Loan Fund
Cascadia Revolving Loan Fund
CASH Bank
Catholic Relief Services
Central Appalachian Peoples Federal Credit Union
Central City Concern
Charleston Citywide Local Development Corporation
Chicago Community Loan Fund
Coastal Enterprises
Community Bank of the Bay
Community Capital Bank
Community Financial Resource Center
Community Loan Fund of SW Pennsylvania
Community Reinvestment Fund
Community Trust Federal Credit Union
Co-Operative Fund of New England
Delaware Valley Reinvestment Fund (now The Reinvestment Fund)
Delta State Bank
Dorchester Bay Economic Development Corporation
Dudley Street Neighborhood Initiatives, Inc.
Eastside Community Investment
Ecumenical Development Cooperative Society
Elk Horn Bank & Trust Co.
Enterprise Corporation of the Delta
Enterprise Loan Fund
Environmental Enterprises Assistance Fund
Environmental Support Center
Ethiopian Community Development Council
Federation of Appalachian Housing Enterprises Inc.
First American Credit Union
First National Bank of Phillips County
First State Community Loan Fund
Foundation for International Community Assistance
Freedom from Hunger
Grameen Foundation
Grameen Trust
Greater New Haven Community Loan Fund
Habitat for Humanity
Housing Assistance Council
Illinois Facilities Fund
Impact Seven
Inglewood Neighborhood Services
Institute for Community Economics
Interfaith Housing Delaware
Latin America Challenge Investment Fund
Louisville Community Development Bank
Low Income Housing Fund
Manna Inc.
McAuley Institute
Mennonite Economic Development Associates (MEDA)
Mercy Housing Inc, Mercy Loan Fund and Mercy Services Corporation
Michigan Housing Trust
Micro Industry Credit Rural Organization (MICRO)
Midwest Minnesota Community Development Corporation
Minnesota Non-Profits Asst. Fund
National Federation of Community Development Credit Unions
Neighborhood National Bank
New Hampshire Community Loan Fund
New Jersey Community Loan Fund
New Mexico Community Development Loan Fund
Nonprofit Facilities Fund
Northcountry Cooperative Development Fund
Northeast Entrepreneur Fund
Northeast SD Energy Conservation Corporation
Northern California Community Loan Fund
Oakland Business Development Corporation
Ohio Community Development Finance Fund
Opportunity International
Primary Care Development Corporation
Program For Appropriate Technology in Health (PATH) Fund For Technology
Transfer
Pro-Mujer
Rural Community Assistance Corporation
Rural Development & Finance Corporation
Santa Cruz Community Credit Union
Self Help Credit Union
Self Help Credit Union c/o Self Help Ventures Fund
Self Help Ventures Fund
Shared Interest
Shorebank Enterprise Pacific
ShoreBank, Cleveland
Societe D'Investissement et de Developpement International (SIDI)
South Shore Bank
St. Ambrose Housing Aid Center
St. Vincent De Paul Society of Lane County, Inc.
Unitarian Universalist Affordable Housing Corporation
United Bank of Philadelphia
Urban Homesteading Assistance Board
Vermont Community Loan Fund
Vermont Development Credit Union
Wainwright Bank and Trust Company
Washington Area Community Investment Fund (WACIF)
Western Massachusetts Entrepreneurs Fund
Women's Self-Employment Project
Working Capital
Kind Regards,
Timothy Freundlich
Development Officer,
Calvert Foundation
http://www.calvertgroup.com/foundation
mailto://foundation@calvertgroup.com
mailto://timothy.freundlich@calvertgroup.com (personal)
800-248-0337
301-951-4832 (direct)
fax 301-654-2960
NEWSFLASH!!!!!! Visit our new Community Investment Profiles DATABASE on the
web at http://www.socialfunds.com/sites/calvert/community/index.cfm
> -----Original Message-----
> From: Maryellen Lewis [SMTP:lewisma9@pilot.msu.edu]
> Sent: Wednesday, May 05, 1999 2:35 PM
> To: Freundlich
> Subject: Re: Calvert Foundation Database
>
> Hello Tim:
> Thanks for keeping us all informed. I'm wondering, is it
> possible to get
> a list of the "30 CDCUs" that are in your "universe"? I'd appreciate if.
> best,
> Maryellen Lewis
>
> At 06:39 PM 5/4/99 -0400, you wrote:
> >Dear CDB-list:
> >
> >I've gotten some good and provocative comments from the list regarding
> phase
> >1 of the community investment database that we're rolling out. Feedback
> from
> >the many 'stakeholders' of the Foundation have been good generally, and
> >constructive, in particulars. I thought I'd clarify a few points that
> seem
> >to cross through a number of people's queries from the CDFI community:
> >
> >Most importantly: These profiles are only the first phase of this
> service.
> >They were developed last summer. Each and every summer we'll be
> thoroughly
> >updating them, and adding to their number. We'll be using at least two
> fully
> >dedicated MBA interns from June to August (10 weeks) to work on
> >development...not to mention that certain amounts of staff time will be
> >resourced to this project..all this to say, we are very committed to
> pushing
> >Community Investment Profiles forward in functionality, breadth, etc.
> >
> >Every group will therefore get a full crack at updating info in less than
> a
> >month. This was a planned coincidence. Major functionality, and data
> >search-ability with be added, with the feedback of groups and users
> >incorporated, and this was also planned, as far as timing of roll-out.
> >
> >> We will be able, going forward from the summer, to do superficial
> updating
> >> on an ongoing basis...however, we won't be able to do major overhauls
> to
> >> financials or narratives until each summer roles around, and we don't
> >> necessarily envision adding new profiles in those interim months --
> >> although that may be possible, and we'd like to.
> >>
> >For the time being, we can barely afford to develop information on groups
> >from our 'investment universe' (although that may change at some future
> time
> >if resources are available). We wish we could do this level of
> information
> >development, coordination and quality supervision for a much broader
> number
> >of CDCs, CDLFs and MFIs, and maybe someday we will be able to do so, but
> for
> >now we are limited to a 30 from our core universe (this 'core universe'
> >currently consists of 80 non-profit uninsured loan funds, and 20 CDCUs
> and
> >CD Banks). We will add 30 more from our portfolios this summer, and
> perhaps
> >more. The next step could be securing grant monies and widening beyond
> our
> >universe...although first things first.
> >
> >> Finally, this isn't a rating service -- its a resource to allow people
> >> with interest to explore community development finance from the vantage
> >> point of Calvert Foundation's activities. This also isn't analysis, its
> >> program material and audited numbers, presented in a global portfolio
> >> structure, with certain functionalities built in.
> >>
> >> Please feel free to give me feedback on any and all points, and I'd
> >> especially be interested in any ideas you have on leveraging this work
> in
> >> partnerships, linking up to places on the web that you know of, etc. We
> >> are excited and committed to this initiative, and feel that it has the
> >> potential to really develop interest in a number of broader markets,
> and
> >> foster interaction between these support markets and CDFIs. We also
> have
> >> just begun with this, and it will continue to evolve and grow as long
> as
>
> >> we continue it.
> >>
> >Thanks again for everyone's interest, and good work.
> >
> >> Kind Regards,
> >> Timothy Freundlich
> >> Development Officer,
> >> Calvert Foundation
> >> http://www.calvertgroup.com/foundation
> >> mailto://foundation@calvertgroup.com
> >> mailto://timothy.freundlich@calvertgroup.com (personal)
> >> 800-248-0337
> >> 301-951-4832 (direct)
> >> fax 301-654-2960
> >>
> >> NEWSFLASH!!!!!! Visit our new Community Investment Profiles DATABASE on
> >> the web at http://www.socialfunds.com/sites/calvert/community/index.cfm
> >
> ************************************************
> Maryellen J. Lewis
> Program Leader/Community Capital
> MSU Center for Urban Affairs
> 1801 W. Main Street
> Lansing, Michigan 48915-1097 USA
> ph: 517-353-9555
> fax 517-484-0068
> e-mail: lewisma9@pilot.msu.edu
> ~~~~~~~~~~~~~~~~~~~~~~~~~~
> "Our theories determine what we measure."
> Einstein
> ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
> .·´¯`·.¸ ><((((º> .·´¯`·.¸¸.·´¯`·.¸ <º))))>< .·´¯`·.¸.·´¯`·.¸
> .·´¯`·..·´¯`·.¸ ><((((º> .·´¯`·.¸¸.·´¯`·.¸ ·.¸.·´¯`·.¸ ><((((º>
> .·´¯`·.¸ <º))))>< ¸.·´¯`·.¸.·´¯`·.¸.·´¯`·.¸ ><((((º> ¸.·´¯`·..·´¯`·.
>
This post transferred from the cdb-l mailing list
In answer to your question, here are the groups Calvert Social Investment
Foundation is invested in, or committed to invest in, or for which Calvert
Foundation acts in an administrative capacity for certain Calvert Group Ltd
Mutual Funds. Loosely defined this defines our core 'CDFI'
universe...although we are constantly adding groups as we grow. Currently
these portfolios represent roughly $21 million in investment. The 28
profiles we worked up initially were drawn from this list, as will the
additional groups for this summer. There are banks and credit unions mixed
in here, although these have historically not been the first emphasis of
Calvert Foundation's facility, because they are insured vehicles, and our
mission is to responsibly channel capital to uninsured loan funds.
ACCION Latin Bridge Fund
ACCION US Bridge Fund
Albina Community Bank
Alternatives Federal Credit Union
Banco Solidario
Bank of Cherokee County
Bank of Newport
Boston Community Capital
Caja Los Andes
Capital District Community Loan Fund
Cascadia Revolving Loan Fund
CASH Bank
Catholic Relief Services
Central Appalachian Peoples Federal Credit Union
Central City Concern
Charleston Citywide Local Development Corporation
Chicago Community Loan Fund
Coastal Enterprises
Community Bank of the Bay
Community Capital Bank
Community Financial Resource Center
Community Loan Fund of SW Pennsylvania
Community Reinvestment Fund
Community Trust Federal Credit Union
Co-Operative Fund of New England
Delaware Valley Reinvestment Fund (now The Reinvestment Fund)
Delta State Bank
Dorchester Bay Economic Development Corporation
Dudley Street Neighborhood Initiatives, Inc.
Eastside Community Investment
Ecumenical Development Cooperative Society
Elk Horn Bank & Trust Co.
Enterprise Corporation of the Delta
Enterprise Loan Fund
Environmental Enterprises Assistance Fund
Environmental Support Center
Ethiopian Community Development Council
Federation of Appalachian Housing Enterprises Inc.
First American Credit Union
First National Bank of Phillips County
First State Community Loan Fund
Foundation for International Community Assistance
Freedom from Hunger
Grameen Foundation
Grameen Trust
Greater New Haven Community Loan Fund
Habitat for Humanity
Housing Assistance Council
Illinois Facilities Fund
Impact Seven
Inglewood Neighborhood Services
Institute for Community Economics
Interfaith Housing Delaware
Latin America Challenge Investment Fund
Louisville Community Development Bank
Low Income Housing Fund
Manna Inc.
McAuley Institute
Mennonite Economic Development Associates (MEDA)
Mercy Housing Inc, Mercy Loan Fund and Mercy Services Corporation
Michigan Housing Trust
Micro Industry Credit Rural Organization (MICRO)
Midwest Minnesota Community Development Corporation
Minnesota Non-Profits Asst. Fund
National Federation of Community Development Credit Unions
Neighborhood National Bank
New Hampshire Community Loan Fund
New Jersey Community Loan Fund
New Mexico Community Development Loan Fund
Nonprofit Facilities Fund
Northcountry Cooperative Development Fund
Northeast Entrepreneur Fund
Northeast SD Energy Conservation Corporation
Northern California Community Loan Fund
Oakland Business Development Corporation
Ohio Community Development Finance Fund
Opportunity International
Primary Care Development Corporation
Program For Appropriate Technology in Health (PATH) Fund For Technology
Transfer
Pro-Mujer
Rural Community Assistance Corporation
Rural Development & Finance Corporation
Santa Cruz Community Credit Union
Self Help Credit Union
Self Help Credit Union c/o Self Help Ventures Fund
Self Help Ventures Fund
Shared Interest
Shorebank Enterprise Pacific
ShoreBank, Cleveland
Societe D'Investissement et de Developpement International (SIDI)
South Shore Bank
St. Ambrose Housing Aid Center
St. Vincent De Paul Society of Lane County, Inc.
Unitarian Universalist Affordable Housing Corporation
United Bank of Philadelphia
Urban Homesteading Assistance Board
Vermont Community Loan Fund
Vermont Development Credit Union
Wainwright Bank and Trust Company
Washington Area Community Investment Fund (WACIF)
Western Massachusetts Entrepreneurs Fund
Women's Self-Employment Project
Working Capital
Kind Regards,
Timothy Freundlich
Development Officer,
Calvert Foundation
http://www.calvertgroup.com/foundation
mailto://foundation@calvertgroup.com
mailto://timothy.freundlich@calvertgroup.com (personal)
800-248-0337
301-951-4832 (direct)
fax 301-654-2960
NEWSFLASH!!!!!! Visit our new Community Investment Profiles DATABASE on the
web at http://www.socialfunds.com/sites/calvert/community/index.cfm
> -----Original Message-----
> From: Maryellen Lewis [SMTP:lewisma9@pilot.msu.edu]
> Sent: Wednesday, May 05, 1999 2:35 PM
> To: Freundlich
> Subject: Re: Calvert Foundation Database
>
> Hello Tim:
> Thanks for keeping us all informed. I'm wondering, is it
> possible to get
> a list of the "30 CDCUs" that are in your "universe"? I'd appreciate if.
> best,
> Maryellen Lewis
>
> At 06:39 PM 5/4/99 -0400, you wrote:
> >Dear CDB-list:
> >
> >I've gotten some good and provocative comments from the list regarding
> phase
> >1 of the community investment database that we're rolling out. Feedback
> from
> >the many 'stakeholders' of the Foundation have been good generally, and
> >constructive, in particulars. I thought I'd clarify a few points that
> seem
> >to cross through a number of people's queries from the CDFI community:
> >
> >Most importantly: These profiles are only the first phase of this
> service.
> >They were developed last summer. Each and every summer we'll be
> thoroughly
> >updating them, and adding to their number. We'll be using at least two
> fully
> >dedicated MBA interns from June to August (10 weeks) to work on
> >development...not to mention that certain amounts of staff time will be
> >resourced to this project..all this to say, we are very committed to
> pushing
> >Community Investment Profiles forward in functionality, breadth, etc.
> >
> >Every group will therefore get a full crack at updating info in less than
> a
> >month. This was a planned coincidence. Major functionality, and data
> >search-ability with be added, with the feedback of groups and users
> >incorporated, and this was also planned, as far as timing of roll-out.
> >
> >> We will be able, going forward from the summer, to do superficial
> updating
> >> on an ongoing basis...however, we won't be able to do major overhauls
> to
> >> financials or narratives until each summer roles around, and we don't
> >> necessarily envision adding new profiles in those interim months --
> >> although that may be possible, and we'd like to.
> >>
> >For the time being, we can barely afford to develop information on groups
> >from our 'investment universe' (although that may change at some future
> time
> >if resources are available). We wish we could do this level of
> information
> >development, coordination and quality supervision for a much broader
> number
> >of CDCs, CDLFs and MFIs, and maybe someday we will be able to do so, but
> for
> >now we are limited to a 30 from our core universe (this 'core universe'
> >currently consists of 80 non-profit uninsured loan funds, and 20 CDCUs
> and
> >CD Banks). We will add 30 more from our portfolios this summer, and
> perhaps
> >more. The next step could be securing grant monies and widening beyond
> our
> >universe...although first things first.
> >
> >> Finally, this isn't a rating service -- its a resource to allow people
> >> with interest to explore community development finance from the vantage
> >> point of Calvert Foundation's activities. This also isn't analysis, its
> >> program material and audited numbers, presented in a global portfolio
> >> structure, with certain functionalities built in.
> >>
> >> Please feel free to give me feedback on any and all points, and I'd
> >> especially be interested in any ideas you have on leveraging this work
> in
> >> partnerships, linking up to places on the web that you know of, etc. We
> >> are excited and committed to this initiative, and feel that it has the
> >> potential to really develop interest in a number of broader markets,
> and
> >> foster interaction between these support markets and CDFIs. We also
> have
> >> just begun with this, and it will continue to evolve and grow as long
> as
>
> >> we continue it.
> >>
> >Thanks again for everyone's interest, and good work.
> >
> >> Kind Regards,
> >> Timothy Freundlich
> >> Development Officer,
> >> Calvert Foundation
> >> http://www.calvertgroup.com/foundation
> >> mailto://foundation@calvertgroup.com
> >> mailto://timothy.freundlich@calvertgroup.com (personal)
> >> 800-248-0337
> >> 301-951-4832 (direct)
> >> fax 301-654-2960
> >>
> >> NEWSFLASH!!!!!! Visit our new Community Investment Profiles DATABASE on
> >> the web at http://www.socialfunds.com/sites/calvert/community/index.cfm
> >
> ************************************************
> Maryellen J. Lewis
> Program Leader/Community Capital
> MSU Center for Urban Affairs
> 1801 W. Main Street
> Lansing, Michigan 48915-1097 USA
> ph: 517-353-9555
> fax 517-484-0068
> e-mail: lewisma9@pilot.msu.edu
> ~~~~~~~~~~~~~~~~~~~~~~~~~~
> "Our theories determine what we measure."
> Einstein
> ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
> .·´¯`·.¸ ><((((º> .·´¯`·.¸¸.·´¯`·.¸ <º))))>< .·´¯`·.¸.·´¯`·.¸
> .·´¯`·..·´¯`·.¸ ><((((º> .·´¯`·.¸¸.·´¯`·.¸ ·.¸.·´¯`·.¸ ><((((º>
> .·´¯`·.¸ <º))))>< ¸.·´¯`·.¸.·´¯`·.¸.·´¯`·.¸ ><((((º> ¸.·´¯`·..·´¯`·.
>
This post transferred from the cdb-l mailing list