The Calvert Social Investment Foundation, an affiliated charity of Calvert Group, has created the Calvert Giving Fund, which the company says is the first socially responsible donor-advised fund.

The new Calvert Giving Fund will allow philanthropic-minded individuals to create a charitable gift account with a low minimum contribution of $5,000 in any combination of cash, securities or even mutual funds. The contributions are immediately tax-deductible.

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