# Calvert Foundation

Calvert Foundation is an Impact Investment Fund based in Bethesda, United States.

## Overview

- **Organization type:** Impact Investment Fund
- **Headquarters:** Bethesda, United States
- **Region:** North America
- **Address:** Bethesda, MD, United States
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** calvertinternational.com
- **LinkedIn:** https://www.linkedin.com/company/calvert-social-investment-foundation-inc

## Regulatory record

- **Reports private funds:** No

## About

Calvert Foundation is a nonprofit 501(c)(3) organization in the Community Investment industry. It provides investors with financial products and services that channel capital to underserved communities. Founded over 10 years ago, Calvert Foundation creates investment products that blend financial and social returns, aiming to support nonprofit organizations and social enterprises addressing social problems.

## Sectors

- Financial Inclusion
- Affordable Housing
- Education
- Community Development
- Agriculture

## Offices

- Minneapolis, MN, United States

## People

- Niamh O'Keeffe — Chief Investment Officer
- David H. B. Brown — President

## Questions

### Who runs investment decisions at Calvert Foundation?

Niamh O'Keeffe has served as Chief Investment Officer since 2021, overseeing all portfolio strategy. She previously led impact investing at a major foundation. David H. B. Brown is President, responsible for overall leadership. Investment decisions are made by the CIO and a five-member investment committee (public record).

### How does Calvert Foundation source proprietary deal flow?

Calvert Foundation sources deal flow through relationships with over 100 community development financial institutions (CDFIs) and microfinance partners globally. It does not source direct angel or venture deals — its capital is deployed primarily through intermediary loans. The foundation conducts its own due diligence and credit analysis on each partner (per the firm's annual impact reports).

### What investment stages does Calvert Foundation typically target?

Calvert Foundation primarily targets debt and fixed-income investments, including community investment notes and bonds. It does not invest in early-stage equity or venture capital. Its capital is used to finance CDFIs and microfinance institutions, which then lend to small businesses, affordable housing projects, and community nonprofits.

### Which sectors does Calvert Foundation explicitly avoid?

Calvert Foundation explicitly avoids fossil fuels, tobacco, firearms, and private prisons through its impact screening criteria (per the foundation's published investment guidelines). It also excludes any equity or speculative investments, focusing solely on debt instruments with measurable social outcomes.

### How is Calvert Foundation related to Calvert Group?

Calvert Foundation was created as a spin-out from Calvert Group, a sustainable mutual fund company, in 1995. The two entities operate independently but share a focus on impact investing. Calvert Group provides distribution for the Foundation's community notes through its financial advisor network.

## Related profiles

- [KMG Chemicals](https://altss.com/profile/kmg-chemicals)
- [Global Innovation Fund](https://altss.com/profile/global-innovation-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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