Investing in Your Community
As a complement to Social Screening and Shareholder Advocacy strategies, PAM offers clients the ability to make investments in programs that have direct social benefits.
"High Impact" Social Investments
From time to time, PAM Network brokers and their clients have access to unique investment opportunities with a high degree of social or environmental impact. Client investments provide capital to financially under-served communities and alternative investment projects. As examples, clients have recently invested in a state-of-the-art wind turbine company and, through their capital, have supported an established worker-owned cooperative that markets coffee and chocolate using "fair trade" practices.
PAM Community Investment Notes1
PAM Community Investments is a powerful social investment program, professionally managed by the Calvert Social Investment Foundation, a pioneer in the field of community investing. Your investment provides essential capital for successful community development, microcredit and low-income housing loan programs helping disadvantaged people and their communities.
Your PAM Community Investment enables innovative programs that have developed a new way to help people out of poverty. Because these programs work by making loans, not gifts, your investment actually becomes a partner with hard working communities and individuals. It will be lent out and repaid over and over throughout the investment term - bringing real and measurable results. Given the nature of this investment, you will receive a below-market rate of return, which will benefit the loan recipients.
1 Before making an investment, clients must read the Community Investment Notes
Prospectus. An investment in Community Investment Notes is neither insured nor
guaranteed by the Federal Deposit Insurance Corporation (FDIC) or Securities Investor
Protection Corporation (SIPC) or any other government agency.
How PAM Community Investments Work
You invest in PAM Community Investments by purchasing a fixed-rate Community Investment Note in amounts as low as $1,000.
· You choose the interest rate between 0 - 3%2
· You choose your investment term (1-, 3-, 5-, 7-, or 10-year)
· You choose to target your investment to specific organizations3 or to target geographic/topical areas of interest. Or, you can simply allow the Calvert Foundation to place your investment where it's needed most
2 An interest rate of 3% is available ONLY for terms of 5-, 7-, and 10-years.
3 Targeting to individual groups in the portfolio is available between $10,000 and $25,000
per group.
Your investment is managed by the Calvert Foundation and has the advantage of many credit enhancements, including several million dollars in subordinated debt. Calvert Foundation pioneered this type of investment, and they have developed a nation-wide and international multi-million dollar community loan portfolio.
Who Benefits from Your Community Investment?
With PAM Community Investments, you invest in homes and neighborhoods and role models, in self-help and self-sufficiency, in new jobs and new hope.
· Through community development loan programs, your money is lent to revitalize urban communities - to create more jobs, provide good daycare, and reinforce locally-owned business.
· Through microcredit programs, your money is lent to help people start or strengthen their own businesses.
· And through affordable housing programs, your money builds and refurbishes housing that low-income people can afford to buy or rent.
The PAM Community Investments portfolio includes the following organizations that are helping to alleviate poverty by empowering individuals and communities throughout our world (click on the link for a general description of each organization's mission and accomplishments):
ACCION International
Alternatives Federal Credit Union
Cascadia Revolving Fund
Chicago Community Loan Fund
Community Reinvestment Fund
Federation of Appalachian Housing Enterprises
Housing Assistance Council
Institute for Community Economics
McAuley Institute
Montana Community Development Corporation
Northern California Community Loan Fund
Rudolf Steiner Foundation
Self-Help Ventures Fund
Urban Homesteading Assistance Board
Vermont Community Loan Fund
Wisconsin Coordinating Council on Nicaragua
* PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of these web-sites provided here, you are leaving this site. Progressive Asset Management and Financial West Group make no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site. When you access one of these sites, you are leaving Progressive Asset Management's web-site and assume total responsibility and risk for your use of the sites you are linking to.
Progressive Asset Management (PAM) is the
socially responsible division of Financial West Group (FWG).
Securities offered
through Registered Representatives of Financial West Group, Member
FINRA, SIPC
FWG is responsible for
supervision and oversight of the registered representatives listed on this site.
Progressive Asset Management 1904 Franklin Street, Suite 903 Oakland, CA 94612
(510) 622-0202
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