2010 Calvert

About Calvert Foundation

Calvert Foundation, a non-profit 501(c) 3, is an innovative industry leader in community investing, recently acclaimed by Fast Company as one of the Top 25 Groups Changing the World in 2007. Our work has been profiled in leading publications like the Washington Post, BusinessWeek, the Financial Times, Crain’s Business and Fortune Magazine. Calvert Foundation, founded in 1995, has grown to total assets of $237 million and a loan portfolio of $169 million as of December 31, 2009.
 
Calvert Foundation is affiliated with but is a legally separate entity from Calvert Group, Ltd., the largest family of socially responsible mutual funds in the country. Community investment provides a sustainable solution to poverty by giving underserved populations access to critical financial services, while allowing investors to receive a financial and social return on their investment. This industry, which has grown exponentially from $4 billion to nearly $26 billion over the last 10 years, empowers communities through the creation of jobs, homes, community facilities and more.
 
At Calvert Foundation, we offer innovative products and services that allow individuals and institutions to participate in this exciting new marketplace. As an organization fully committed to the success and growth of this market, we have helped our investors and supporters build/rehabilitate over 12,000 homes, create 272,000 jobs in the U.S. and in developing countries through microfinance, and financially support nearly 16,000 cooperatives and community facilities through our various investment and philanthropic offerings.
 
The Community Investment Note, Calvert Foundation’s flagship product, is a “blended value” investment that allows investors to earn a financial and social return, measured by its impact on communities. Proceeds from the Note are used to make flexible, affordable loans to over 240 high-impact nonprofits and social enterprises working to fight poverty. Investors in the Note include individuals, families, foundations, and mutual funds. The Note can be purchased through a brokerage account working with a financial advisor, online at www.microplace.com, or directly from Calvert Foundation.
 
Calvert Foundation offers additional options for participation in innovative philanthropic and community investment programs:
• Calvert Giving Fund: Calvert Foundation’s donor advised fund provides donors an easy way to generate 100% socially responsible financial returns on their donated dollars while these funds await donors’ grant recommendations.

•Community Investment Partners – For foundations and companies, we offer a one-stop shop for institutional community investment services, including analysis and monitoring, program design and implementation, and separate accounts management.

Domestic Portfolio Associate

As an Associate supporting the domestic portfolio, your duties will include the following:
- Support portfolio manager/investment officer in risk management including risk modeling of the domestic portfolio (investment sectors include community development financial institutions, affordable housing, and some social enterprise)
- Research new organizations for targeting in specific areas or specific types of activities and populations
- Manage written correspondence and telephone communications with Borrowers and Applicants
- Draft and manage legal documentation for domestic loans, including loan agreements, covenant waivers, and amendments (based on approved templates)
- Respond and screen initial investment requests
- Manage loan filing system and oversee protocols for credit files
- Coordinate logistics and scheduling of Investment Committee meetings
- Prepare or contribute to reports for internal and external clients
- Provide administrative support to the Portfolio Manager and the team

International Portfolio Associate
As an Associate supporting the international portfolio, your duties will include the following:
- Support senior investment officer/senior underwriter in risk management including risk modeling of the international portfolio
- Monitoring developing country (sovereign) risk within the Calvert Foundation portfolio and re-tooling the methodology for systematically evaluating and quantifying sovereign risk. Updating individual country exposure data for the foundation’s loan portfolio.
- Research new organizations for targeting in specific areas or specific types of activities and populations
- Manage written correspondence and telephone communications with international Borrowers and Applicants related to promissory notes, amortization schedules, collections, default letters, and pre-notes for annual reviews
- Draft and manage legal documentation for all international loans, including loan agreements, covenant waivers, and amendments (based on approved templates)
- Respond and screen initial investment requests
- Manage loan filing system and oversee protocols for credit files
- Coordinate logistics and scheduling of Investment Committee meetings
- Create and maintain international portfolio reports
- Prepare or contribute to reports for internal and external clients
- Provide administrative support to the Portfolio Manager and the team

Additional Selection Criteria
- Superior quantitative and analytical skills, including financial modeling and analysis.
- Strong Excel capabilities
- Ability to work independently, multi-task and prioritize competing demands.
- A “can-do” attitude, with strong problem solving skills.
- Domestic Portfolio Associate: Previous experience with community development highly desirable
- International Portfolio Associate: Previous experience with developing countries/emerging markets highly desirable; A second language, especially Spanish, desirable.
We also are looking for the right combination of high energy, intellectual curiosity, collaborative approach, and sharp attention to detail. S/he has an outgoing personality and the professional and interpersonal skills necessary to work effectively with a wide range of people and cultures and to represent the Organization in meetings and communications with business, academic, and community leaders.

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