Community development investing with Praxis Mutual Funds® gives shareholders the opportunity to invest in better neighborhoods. Through Calvert Foundation Community Investment Notes, Praxis supports nonprofits and community organizations, such as faith-based Volunteers of America.
The funds from the investments help the organization purchase properties and convert them into safe, high-quality affordable housing for low- and moderate-income seniors and families.
Founded over a century ago, Volunteers of America is one of the nation’s largest and most comprehensive human services organizations, serving more than 2 million vulnerable and underserved individuals in the U.S. and Puerto Rico each year. The organization assists veterans, at-risk youths, the elderly, men and women returning form prison, homeless individuals and families, people with disabilities, and those recovering from addictions.
“By investing in community development organizations, Praxis supports people working hard to make changes and improve lives,” said Mark Regier, Praxis Director of Sales and Everence Vice President of Stewardship Investing. “We want to help make a difference by funding neighbors working together to build stronger communities.”
Praxis has committed approximately 1 percent of each of its funds to benefit neighborhoods and individuals through investments with Calvert Foundation, a national impact-investing leader that helps people around the world through community development financing.
For more stories about people who have benefitted from these investments, visit the Praxis Community Development Investments page at praxismutualfunds.com.
About Praxis Mutual Funds and Everence®
Praxis Mutual Funds, advised by Everence Capital Management, is a leading faith-based, socially responsible family of mutual funds designed to help people and groups integrate their finances with faith values. To learn more, visit praxismutualfunds.com.
Everence helps individuals, organizations and congregations integrate finances with faith through a national team of advisors and representatives. Everence offers banking, insurance and financial services with community benefits and stewardship education. To learn more, visit everence.com or call (800) 348-7468.
About Calvert Foundation
Calvert Foundation enables people to invest for social good. Through its flagship Community Investment Note®, more than 15,000 investors have channeled more than $1 billion in investments to hundreds of nonprofits and social enterprises worldwide. Investor dollars empower women, fund the construction of affordable housing, provide loans to small-business owners, increase access to health care, and support fair trade and sustainable agriculture. To learn more, visit calvertfoundation.org.