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Calvert Investments founded the Calvert Foundation, a separate 501(c)(3) nonprofit, in 1988. The goal of the foundation is to invest directly in underserved communities. [7] [8] In 1992, Calvert launched World Values Fund, the first International SRI mutual fund. [1] Calvert also started a Special Equities Program for high impact social ventures.
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By the end of 1983, Eaton Vance was managing 23 mutual funds and numerous individual and company accounts, with over $2.3 billion in their accounts. The company's major products were 34 low-risk and tax-free funds by late 1989. The next year, Eaton Vance started promoting its funds via banks, which resulted in a sales profit of $450 million.
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Wayne Silby (born 1948) is an American social investor and entrepreneur. He is the co-founder of Calvert Investments, one of the first and largest socially responsible mutual funds in the nation, [1] and has been acting as the Founding Chairman until his recent retirement.
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