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Old 01-08-2005, 04:08 PM
vincent.auriac at axylia.
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Default Sharing funds

Hi,

I'm researching on ideal funds.

Note that nordic countries speak about ideal funds, France about
sharing funds, and in other countries about charitable or caring funds.

An ideal fund is a mutual fund that relinquishes/reverses revenues or
management fees to NGO.

It's quite easy for me to identify european ideal funds but I encounter
difficulties to identify them in the USA, Australia and Asia.

Could somebody tell me if he has already seen studies on this subject
in these different regions or if websites exist ?

Thank you for your help

Yours sincerly,

Vincent Auriac
Analyst
Axylia (consulting firm in SRI)
France


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Old 01-11-2005, 08:19 AM
wlmmyers
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Default Sharing funds

>Hi,
>I'm researching on ideal funds.
>Note that nordic countries speak about ideal funds, France about sharing
>funds, and in other countries about charitable or caring funds.
>An ideal fund is a mutual fund that relinquishes/reverses revenues or
>management fees to NGO.
>It's quite easy for me to identify european ideal funds but I encounter
>difficulties to identify them in the USA, Australia and Asia.
>Could somebody tell me if he has already seen studies on this subject in
>these different regions or if websites exist ?
>Thank you for your help
>Yours sincerly,
>Vincent Auriac
>Analyst
>Axylia (consulting firm in SRI)
>France


From: "Greg Garvan" <greg@moneywithamission.com>
Hi all- I know the Green Century Funds,
http://www.greencentury.com/index.htm , funnel their 'profits' back to the
PIRGs, ( Public Interest Research Groups) that founded GCF, I think @ 20
years ago. Website or contact can probably tell you much more. Please let
me know if we can be of any further help. Greg Garvan


From: "Scott, Lori" <Lori.Scott@Calvert.com>
Vincent:
The Calvert mutual funds (www.calvert.com) invest in community development
institutions that support affordable housing, small business development
and microenterprise. The investment is structured as a loan to the Calvert
Foundation, a separate nonprofit institution that then on-lends the capital
to nonprofits internationally and domestically
(www.calvertfoundation.org). The mutual fund investment is at below market
rates (typically around 2.5 - 3.0%), therefore they are forgoing a market
rate of return in exchange for social impact. Calvert's mutual funds have
been making such investments since 1990. While not exactly the sharing fund
model you noted, it is an example of how US-based mutual funds support
community development work. There are several other US based mutual funds
that have similar programs.
Feel free to contact me directly if you are interested in more information.
Lori Scott
Senior Investment Officer
Calvert Foundation

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