• About
  • Team
    • Management
    • Board of Directors
  • Advisory Services
    • Our Community Investment Partners
  • Potential Borrowers
    • Applying for a Loan
    • Eligibility Criteria
    • Reporting Requirements
    • Advantages
    • Portfolio List
    • Useful Links
  • Forms and Information
  • Annual Reports
  • Careers at Calvert Foundation

Calvert Giving Fund

Financial Advisor Center

Applying for a Loan

We are proud of the positive social impact our borrowers achieve. Learn how to be considered for a loan from Calvert Foundation.

• Initial Request: Requests for funding are considered throughout the year, though Calvert Foundation's Investment Committee makes investment decisions quarterly. Applicants should submit:
  • A brief letter specifying the desired amount and intended use;
  • Your most recent annual report or other materials that have a general description of your organization and its programs;
  • Recent audited financial statements (with notes).
• Approval to Proceed with Underwriting the Request: Staff will review all requests and make a decision to whether to move forward with the underwriting process or decline the request.
• Complete Application Requested and Underwriting Process: When a request is approved for further review, Calvert Foundation sends a letter to the applicant regarding timing and next steps in the review process. The underwriting process is rigorous and requires an in-depth look at the applicant's organization. Review is timed to coincide with the applicant’s receipt of an audited financial statement. We will provide a detailed list of items needed to complete the review. This list includes historical financial information, organization management and program information. Our staff will develop a report for the Investment Committee based on the information provided and interviews with the organization.
• Investment Committee Review and Decision: Final decisions are made by the Investment Committee or staff, depending on the size and risk of the transaction. Applicants will be notified of the decision by phone and in writing.
• Loan Closing Process: Closing a loan is simple and quick. A standard promissory note is completed and funds are wired directly to the organization’s bank.
• Quarterly Monitoring and Annual Reviews: Copies of your quarterly and annual financial reports are required throughout the term of the loan. Copies of the annual audit is also required and will be reviewed on an annual basis for each loan, for the term of the loan. Organizations may be asked to submit additional information for the annual review process.

Contact Lisa Hall, Director of Lending and Advisory Services, to further discuss Calvert Foundation's lending program.