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Catholic Health Initiatives Makes $10 Million Investment in Calvert Foundation's Community Investment Notes
Date:3/13/2008

owing number of institutions working with Calvert Foundation to express their values through community investment.

The investment by Catholic Health Initiatives is a major boost for Calvert Foundation, which, in the wake of the investment, has over $175 million in assets. To date, this is the largest investment by a faith-based organization in the Community Investment Note program.

"We have been fortunate to work with a range of faith-based groups from various denominations each with their own social impact objectives," said Berenbach. "Through our partnerships with faith-based institutions and congregations, we are able to help accomplish a common goal: helping fight poverty through investment."

Catholic Health Initiatives' investment is in Calvert Foundation's flagship product, the Community Investment Note, a high-impact, fixed income investment that channels affordable capital to underserved communities and markets, providing economic opportunities where they are needed most. Calvert Foundation offers custom targeted portfolios for larger investors that align with their mission and desire for maximum social impact.

ABOUT CALVERT FOUNDATION

For over 12 years, Calvert Social Investment Foundation, a nonprofit 501(c)(3) organization, has been working to make community investment a safe and logical option for all investors seeking to make a positive social impact. To make community investment accessible to a wider audience, Calvert Foundation has removed critical barriers by creating investment products that blend both financial and social returns. With more than $170 million in assets, Calvert Foundation focuses on using investment capital, rather than conventional philanthropy, to create a sustainable, scalable model that enables nonprofit organizations, microfinance institutions and social enterprises to address critical social problems.

ABOUT CATHOLIC HEALTH INITIATIVES

Catholic Health Initiatives is
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SOURCE Catholic Health Iniatives, Denver, CO; Calvert Foundation,Bethesda,
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