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Praxis Community Development Investments

Praxis Mutual Funds has partnered with the Calvert Foundation to channel over $9 million to high impact investments across the country and around the world. These investments – representing approximately 1 percent of each fund in the Praxis Mutual Fund family – helps open doors of economic opportunity to thousands of disadvantaged individuals and communities. Learn more by exploring the impact map below.


Calvert Foundation’s lending flows through Community Development Financial Institutions, micro-finance institutions, cooperatives, affordable housing developers, and impact investing funds to reach end beneficiaries. The following sectors represent where our investments ultimately go to work.

Housing Map

Affordable Housing: Affordable housing lowers monthly costs for low- and moderate-income families, and fuels economic growth by stimulating job creation and attracting both employers and employees. At year-end 2013 we had $59 million invested in affordable housing, which helped to house more than 4,400 people.

Education Map

Education: Charter Management Organizations (CMOs) represent an alternative to often-crowded and under-performing public schools. As of December 2013 we had $8.9 million invested in seven charter schools operating in some of the most under served areas of Los Angeles.

Environment Map

Environment/Energy/TOD: Our partners working in Environment/Energy/Transit Oriented Development (TOD) create a variety of positive environmental outcomes, ranging from more efficient solar energy deployment to increased adoption of clean cook stoves that reduce wood consumption.

Fair Trade Map

Fair Trade: The fair trade movement connects producers and buyers of goods in order to foster more equitable trade. At year-end 2013, Calvert Foundation had $9.8 million invested in fair trade, with $5.8 million invested directly in seven cooperatives in Peru and Honduras.

Food Map

Food Access/Health Food: Low-income neighborhoods often lack access to healthy food options. Our CDFI partners help to connect residents living in these “food deserts” to healthier foods by financing grocery stores and other food retail options.

Health Map

Healthcare: Poverty plays a major role in the health of people living in vulnerable communities. Without access to proper health facilities and adequate nutrition, poor communities are more susceptible to disease and ill health. Investments in community health centers and assisted living facilities help ensure that at-risk populations receive the care they need.

Finance map  

International Microfinance: Microfinance Institutions (MFIs) connect millions of people around the world with financial services. At the end of 2013 we had $64.3 million invested in microfinance both directly and indirectly through funds.

Small Biz Map

Small Business/Job Creation: Small businesses in the U.S. employ roughly 50% of the working population, and they’ve generated over 65% of the net new jobs since 1995. Calvert Foundation invests in some of the nation’s strongest CDFIs, who in turn direct their capital to their communities’ small business needs.

AG Fish Map

Sustainable Agriculture/Fisheries: Our portfolio partners who work in sustainable agriculture and and fishing seek to maximize the long term productivity of their farmland and fishing grounds, while increasing the economic benefits those assets deliver to local communities.

Women Map

Women: It’s been proven that investing in women is smart economics. Organizations that have a programmatic or governance focus on empowering women work in numerous ways to do so, from financing to women-owned enterprises to health care. Through the Women Investing in Women Initiative (WIN-WIN), Calvert Foundation has invested more than $20 million in enterprises that empower women.


Initiatives represent “lenses” through which we view the end impact of our investments. They enable Calvert Foundation to develop portfolios of high-impact organizations that work in specific ways for social good, and connect investors to those impacts through targeted investment campaigns.

Ours to Own: Ours to Own (OTO) is a growing movement of people investing to support small business and sustainable development in their own cities. The OTO initiative is a national campaign built on the belief that citizens should be able to invest in building the future they want in their cities. Calvert Foundation’s investments within the OTO initiative target CDFIs and other community development organizations that focus on small business lending and equitable urban development.

WIN-WIN: The Women Investing in Women Initiative (WIN-WIN) launched in 2012 with the goal of investing $20 million in organizations that empower women through their programs or governance. Calvert Foundation reached the $20 million mark in December of 2013, and has since incorporated gender impact indicators into our standard social reporting requirements for our entire portfolio. Since 2012 WIN-WIN has led to 165 small businesses receiving financing, and 5,090 entrepreneurs receiving micro-loans.

The Fund’s stewardship investing strategy could cause the fund to sell or avoid securities that may subsequently perform well, and the application of social screens may cause the fund to lag the performance of its index.

You should consider the fund's investment objectives, risks and charges and expenses carefully before you invest. The fund's prospectus or summary prospectus contains this and other information. Call (800) 977-2947 or visit for a prospectus or summary prospectus, which you should read carefully before you invest. Praxis Mutual Funds are advised by Everence Capital Management and distributed through FINRA member BHIL Distributors LLC. Investment products offered are not FDIC insured, may lose value, and have no bank guarantee.

BHIL Distributors LLC. is not affiliated with the Calvert Foundation.