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Calvert Foundation will become Calvert Impact Capital

The rebranding is intended to bolster the firm’s ability to attract capital from institutional and other investors, by eliminating confusion around the term “foundation,” CEO Jenn Pryce said.

That term created a misperception that the non-profit financial-services firm was focused on philanthropy “rather than investments,” she said.

The Bethesda, Md., firm is known for its Community Investment Note, an investment product for retail investors that since 1995 has raised about $1.5 billion in private capital for community development, renewable energy, sustainable agriculture and more.

In May, the firm launched Capital Aggregation to syndicate fixed-income opportunities to institutional and accredited investors.

Calvert Impact Capital, with a new website at, says its mission, vision and work remain the same.

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