Calvert Giving Fund Sets High Bar for Donor Advised Funds: 100 Percent Socially Responsible Strategy Outperforms S&P 500 in Down Market

A donor advised fund allows today's philanthropists to invest a tax-deductible donation and then grant the proceeds to their favorite causes over time. While the assets wait to be granted out, they are invested so that they may grow, creating more dollars available to grant out. Its simplicity and ease of use, especially regarding tax and administration, has led to a surge in interest in the product, which is often used as an alternative to a private family foundation. The Calvert Giving Fund goes one step further. By only offering socially responsible investment options for donated assets, it enables the philanthropist's money to make a positive sustainable difference while it is invested as well as when it is given away in grants to nonprofits, thereby magnifying its charitable impact.