Calvert Foundation recently partnered with Citi and Opportunity Finance Network to launch a new $200 million Communities at Work Fund™. This Fund was established separately from Calvert Foundation's Community Investment Note portfolio, and aims to create jobs, drive economic recovery, and provide hope and opportunity to thousands of Americans living in disadvantaged communities. Citi provided the investment capital for the Fund. “Small businesses are the engines of local economies, but the entrepreneurs behind these businesses often have the most trouble getting financing,” said Calvert Foundation President and CEO Shari Berenbach (pictured with OFN CEO Mark Pinsky and Citi CEO Vikram Pandit). “This fund will drive real change for underserved communities while working to provide financial returns for investors.” 
Tuesday, May 25, 2010
Calvert Foundation partners with Citi and OFN for new $200 million fund.
Calvert Foundation recently partnered with Citi and Opportunity Finance Network to launch a new $200 million Communities at Work Fund™. This Fund was established separately from Calvert Foundation's Community Investment Note portfolio, and aims to create jobs, drive economic recovery, and provide hope and opportunity to thousands of Americans living in disadvantaged communities. Citi provided the investment capital for the Fund. “Small businesses are the engines of local economies, but the entrepreneurs behind these businesses often have the most trouble getting financing,” said Calvert Foundation President and CEO Shari Berenbach (pictured with OFN CEO Mark Pinsky and Citi CEO Vikram Pandit). “This fund will drive real change for underserved communities while working to provide financial returns for investors.” 
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