ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments that deliver financial, social and environmental returns.
In 2001, Calvert Impact Capital launched a prototype of a new type of donor advised fund (DAF). Known as the Giving Fund, this DAF provided an enhancement to traditional donor advised funds in the form of socially responsible and impact investment options—enabling philanthropists to both “give and invest for the greater good.” The Giving Fund leverages the power of impact investing to put more money to work for social and environmental benefit.
In 2010, Calvert Impact Capital created ImpactAssets to assume responsibility for the Giving Fund and transform it into something much bigger. In the years since, the ImpactAssets staff has multiplied, adding new functions including an impact investing field building initiative and the development of new Impact Investment Notes designed to democratize access to impact investing.
ImpactAssets is an independent 501(c)3 organization, but remains closely connected to Calvert Impact Capital. Board members designated by Calvert Impact Capital hold a minority position on ImpactAssets’ Board of Directors and Community Investment Partners, a subsidiary of Calvert Impact Capital, supplies administrative services to the firm.