Calvert Funds’ affiliate, Calvert Foundation, announced today that it is launching the Calvert Giving Fund, a socially responsible donor-advised fund program.

The fund is the first donor-advised charitable giving program to offer socially screened investment options, according to Calvert officials. "This is the first donor advised fund to offer a socially responsible mutual fund family and community development investing," said Timothy Freundlich, director of strategic development at the Calvert Foundation, a public charity Calvert founded in 1989.

Contributors to the fund can invest their contribution in 12 different socially responsible fund portfolios. The minimum contribution for the program is $5,000 and additional contributions can be made with a minimum of $500. All donations are immediately tax deductible and minimum grants of $250 can be directed to any approved charity.

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