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#1
01-08-2005, 04:08 PM
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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 This post transferred from the cdb-l mailing list 
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#2
01-11-2005, 08:19 AM
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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 --- <html><font size=1>[This E-mail scanned for viruses 01/11/2005 08:58:36]</font></html> This post transferred from the cdb-l mailing list
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