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: The Center for Applied Philanthropy : Overview
Overview
The Fund for Sustainability (TFS) is a special purpose investment program offered by the Calvert Social Investment Foundation, a nationally recognized leader in social investment, in partnership with the Center for Applied Philanthropy. The Calvert Foundation will capitalize TFS through targeted offerings of its nationally recognized Community Investment Notes Program*. The Calvert Foundation is responsible to repay investors in the Fund (TFS) and will build upon its twelve year history, sound operating methodology and excellent portfolio performance.
TFS’ sole funding mechanism is Program Related Investments (PRIs) that fund working capital and programmatic needs (not facilities) to nonprofits and social enterprises in select sectors. TFS' investments create a self perpetuating stream of funding as its loans are made, repaid, and reinvested with other nonprofits.
Once committed to a project, TFS underwrites that project and guarantees its capital commitment. From due diligence to funding, TFS mentors, monitors and holds accountable its funded projects and seeks - where appropriate - side-by-side grant dollars from relevant foundations or individuals whose capital can complement TFS’ investment.
TFS INVESTMENTS
Nonprofit Loan Size - $50,000 to $300,000
Length of Term - 3 years
Interest Rate - 2% to 6%
Locations - Organizations operating in the USA
If you are interested in learning more about The Fund for Sustainability (TFS), and how we can partner with you to understand, structure or implement program related investments, please contact:
Jim Bildner, Managing Director
jbildner@tpi.org
617-737-1100 ext 1
* Calvert Social Investment Foundation, a 501(c)(3) nonprofit, offers the Community Investment Note, a 1-10 year note earning up to 3 percent interest. The Community Investment Note is subject to certain risks, is not a mutual fund, is not FDIC or SIPC insured and should not be confused with any Calvert Group, Ltd.-sponsored investment product. The Fund for Sustainability is made possible through special programmatic targeting offered through the Community Investment Note. This is neither an offer to sell nor a solicitation of an offer to buy these securities; the offering is made only by the prospectus, which should be read before investing
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