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May 31, 2017
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Building the Market for Impact Investments

MATTHEW DAE SMITH/BIG FOOT MEDIA

The Calvert Foundation is pooling money from foundations, banks, and wealthy individuals for mission-related businesses and investments, such as a loan fund that provided financing to Delta Iron Works, a small iron fabricator in Detroit.

Charities and foundations are doing the less-than-sexy work of creating a mature, functioning market for impact investments — a market they believe is needed to turn the growing hype into effective social change.

These efforts suggest something...

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