President and CEO Lisa Hall was appointed by President Obama to the Treasury’s Community Development Advisory Board. She will join other distinguished community development professionals in support of the CDFI Fund’s mission to economically empower America’s underserved and distressed communities.
Impact investing is undoubtedly an idea whose time has come. As budgets of philanthropies and governments have shrunk, investment capital has come to be recognized as a tool that can address some of the world’s most pressing problems. An independent 501(c)3 nonprofit, Calvert Foundation has been a quiet but constant presence in the impact investing sector for the past 16 years, helping to lay the groundwork for this field and creating opportunities for others to explore and grow.
The problem at the base of the pyramid is most often not the absence of needed goods and services, but rather difficulties in accessing them. Social enterprises are an exciting prospect because they have the potential to address this challenge. At their core, successful businesses are profitable, sustainable, and scalable. When they are successful, social enterprises can be a source of hope for serving the billions living in poverty today. But how do we measure the products of their work?