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November 22, 2000

Program brings Community Investing to Lesbian/Gays Online
By Calvert Foundation

New parternship between the Gay Financial Network and Calvert Foundation to provide community investment

SocialFunds.com -- Calvert Foundation and gfn.com, the Gay Financial Network, the premier online source of business and financial news, information and services for the gay and lesbian community, today announced the launch of the gfn.community Investments program: http://sfcom.iserver.net/gfn/ci/index.cgi

The program, as part of a strategic relationship between Calvert Foundation and gfn.com, will channel investor capital to LGBT community lending, international micro-credit, and domestic community development. Additionally, according to the terms of the agreement, gfn.com will enable Calvert Foundation to present resource tools for the gay and lesbian community online to learn more about Community Investing.

“gfn.com is committed to enabling investment in non-profits that support community development globally and guaranteeing equal access to capital in terms of gender, income, ethnicity and sexual orientation,” said Walter Schubert, founder and chairman, gfn.com, the Gay Financial Network. “Calvert Foundation offers a professionally managed Community Investment product and has a solid reputation in socially responsible investing.”

“Calvert Foundation is committed to online outreach - and investing in gay and lesbian community issues and organizations,” said Shari Berenbach, Executive Director, Calvert Foundation.

gfn.community Investments, a targeted program of Calvert Foundation’s Community Investment Note, will offer investors the ability to invest into a professionally managed global portfolio of community development non-profits. With account minimums of $1,000 for terms of 1, 3 or 5 years, this high social-impact investment is available to a broad range of individuals. Funds will be targeted equally to three program areas: LGBT supportive community lending domestically, International microcredit funding, and Domestic affordable housing and small business development.

Calvert Foundation’s expertise will enhance gfn.com research tools with a gfn.community Investment Center, including Community Investment Profiles and a NewsWire. The Center provides a full depth of information on community development non-profits, including programmatic profiles, stories, pictures, financial information and news. Other gfn.community Investment Center features are planned in the coming months.


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