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Calvert Giving Fund

Financial Advisor Center

Management

Shari Berenbach, President and CEO

Shari Berenbach joined Calvert Foundation as Executive Director in 1997. With over 20 years of experience ranging from microcredit to international business, Shari brings leadership and knowledge to the field of social investment. At Calvert Foundation, Shari has developed innovative financial instruments and partnerships critical to creating a level of transparency and discipline that engender consistent performance, investor confidence and broad market participation in the community investment marketplace.

Prior to joining Calvert Foundation, Shari led finance projects for the International Finance Corporation. These projects, based mainly in Central America and the Caribbean, channeled more than $250 million to banking, power, telecommunications, tourism and agribusiness.

Shari began her professional career as an Officer of the National Cooperative Bank, where she was responsible for technical services to US production cooperatives. She later served as Program Director for the non-governmental organization, Partnership for Productivity International. Shari has also held private-sector positions at Citibank, Salomon Brothers and a start-up international telecommunications company, Radio Movil Digital.

Shari has published numerous articles, including a 1997 study on banking regulation for micro-finance institutions worldwide and a 1991 paper on solidarity group lending methods. Shari serves on the boards of Community Wealth Ventures, MMA Community Development Investments and the Neighborhood Funders’ Group (a foundation affinity group). She has previously served on the boards of the Social Investment Forum (the trade association for socially responsible investment professionals) and the Association of Enterprise Opportunity (a US microcredit trade group).

Shari has an MBA in Finance from Columbia Business School and an MA in Latin American Studies from the University of California, Los Angeles. She received her undergraduate degree in Political Science from the University of California, Berkeley. Shari lives in Bethesda, MD with her husband Jim and daughter Moriah.

Lisa Hall, Executive Vice President and Chief Lending Officer

Lisa Hall oversees Calvert Foundation’s growing loan portfolio. Lisa previously served as Chief Credit Officer for the American Communities Fund in the Housing and Community Development Division of Fannie Mae. Prior to that, Lisa worked in the Clinton Administration covering community development issues as a Senior Policy Advisor at the National Economic Council (NEC). As part of her work at the NEC, she chaired the inter-agency working group for Clinton’s New Markets Initiative, which resulted in legislation and a tax credit program to encourage private investment in low-income areas.

Lisa has also held positions in real estate and community development finance with the Enterprise Foundation, JP Morgan Chase and Travelers Insurance. She holds a BS in Economics from the University of Pennsylvania and an MBA from Harvard University. In 2003, Lisa participated in the American Marshall Memorial Fellowship, a travel program for emerging leaders from the US and Europe.

Lisa recently served as the President of the Board of Directors for Cultural Development Corporation, a nonprofit organization that engages artists and cultural organizations in community development and revitalization projects in the District of Columbia. She lives in Washington, DC with her husband and daughter.

Timothy Freundlich, Senior Vice President, Calvert Giving Fund

Tim Freundlich has been with Calvert Foundation since 1997. Tim conceived of and launched Calvert Giving Fund, the socially responsible donor advised fund. He continues to lead development of the Calvert Giving Fund, and works on special projects such as capitalization, the social enterprise portfolio and large custom investor relationships. Tim helped to prototype Community Investment Partners, an analysis and asset administration group for community development and social enterprise investment. He has also been instrumental in building Calvert Community Investment Notes.

Outside of Calvert Foundation, Tim spends much of his time developing social capital markets as an author and as an advisor to various nonprofits, with a concentration in alternative/independent media (including www.ChannelG.tv). He is a member of www.xigi.net 's Steering Committee and a Founding Principal of Good Capital, LLC (www.goodcap.net). Tim has served on the board of Social Venture Partners International and was a Founding Partner in SVP-Bay Area.

Tim received a BA in Film from Wesleyan University (CT) and an MBA from the University of San Francisco. Previously Tim was a documentary video editor, a wine buyer and a manager/partner of restaurants in New York City and on the coast of Maine. He lives in San Francisco with his wife Julie and son Milo.

Elizabeth Glenshaw, Senior Vice President, Community Investment Market & Investor Relations

Elizabeth Glenshaw has been with Calvert Foundation since 2001. She is responsible for increasing accessibility for investors joining the community investment marketplace. Elizabeth manages marketing and sales efforts, which raise new investment capital from individuals and institutions and provide customer service to existing clients. She also oversees efforts to raise private philanthropic support for Calvert Foundation.

Prior to joining Calvert Foundation, Elizabeth managed portfolios that integrated social criteria as a vital and essential investment objective. She crafted the Socially Responsible Banking Fund for Vermont National Bank (now Chittenden Bank), which makes flexible loans in the areas of affordable housing, education, sustainable agriculture, downtown revitalization, environmental sustainability and small business development.

Elizabeth currently sits on the boards of Co-op America and the Vermont Community Loan Fund. She is a Director of Chittenden Bank and sits on the Advisory Board of their Socially Responsible Banking Fund. Elizabeth received her BA from Marlboro College and is a graduate of the National Graduate Trust School at Northwestern University. She has her professional degree in Financial Planning from Boston University. Elizabeth and her husband Peter are raising three children in New Hampshire.

Chip Hollands, Senior Vice President and Chief Financial Officer

Chip Hollands has been with Calvert Foundation since June 2005. He is responsible for all finance and accounting, budgeting and planning, and treasury/liquidity functions, as well as human resources and administration.

Prior to joining Calvert Foundation, Chip spent his career in finance and strategy at large corporations, primarily in the energy and media sectors. Most recently, he served as Treasurer of National Energy Group. Chip received a BA in Economics from Hamilton College and an MBA in Finance from the University of Miami. He and his wife Elisa live in Virginia with their two daughters.

Jesse Chancellor, Senior Vice President, Community Investment Partners

Jesse Chancellor is Director of Community Investment Partners and has been active in affordable housing finance for over 20 years, most recently as a Principal at Prudential Mortgage Capital Company. At Prudential, Jesse created and managed the Affordable Housing Investments Group, which became a major provider of capital to the industry. Before that, he worked at MuniMae as a Senior Vice President, responsible for originating tax-exempt multifamily bonds on a national basis. Prior to joining MuniMae, Jesse was the Director of Field Operations at The Enterprise Foundation. Prior to this, he was the Director of Housing Finance for Enterprise where he was responsible for managing the loan funds of the Foundation and delivering financial services and expertise to the Enterprise network of organizations nationwide. Jesse began his finance career with Citicorp Real Estate in New York as a relationship manager in the Metro commercial division.

Jesse received his bachelor’s degree in history from Washington University in St. Louis, his MA in Public Policy Administration from the University of Missouri-St. Louis, and a MS in Real Estate Development from Columbia University.

Lori Scott, Program Manager

Lori Scott is the Program Manager of the Calvert Foundation Community Investment Partners program. The goal of Community Investment Partners (CIP) is to increase community investment, by replicating Calvert Foundation’s successful lending and investment strategies and products. CIP has worked with over 20 leading foundations, corporations and other institutions, and Lori manages a combined portfolio of over $40 million in community development loans and investments. She provides in-depth services related to community development portfolios, from design an implementation of lending programs, strategy and policy development, market research, as well as on-going portfolio management and investor and loan administration.

Lori has been with the Foundation since 1999, starting with the Lending Program. Prior to the Calvert Foundation, she was the Loan Fund Manager at the Illinois Facilities Fund, a statewide communities facilities lender. While at the IFF, Lori evaluated the first round of charter school applications and implemented the charter school loan program. Lori co-authored the "Community Development Primer" for the Social Investment Forum which provides investors with information needed to evaluate community investment opportunities. She has a MBA from the University of Illinois at Chicago and a BFA from The School of the Art Institute of Chicago. Lori lives in Chicago with her husband and two sons.

Art Stevens, Relationship Manager

Art Stevens joined Calvert Foundation as Sales Manager for the Community Investment Notes and Calvert Giving Fund in 2006.  Art has been in the financial services business for over 17 years, as a financial advisor and wholesaler for separately managed accounts. His career has included significant work with Morgan Stanley, Franklin Templeton, and TCW Investment Management, among others. He began specializing in the Non-profit community in 2002, helping to launch a social enterprise in the elder care sector and working with a social enterprise focused on health care in southern India. 

Art received his BA from the George Washington University. An instrument rated pilot, Art lives in Maryland with his two children.

Humphrey Mensah, Controller

Humphrey Mensah has been with Calvert Foundation for two years. He is responsible for financial statement preparation, system development, accounting and general operational controls. Prior to joining Calvert Foundation, Humphrey spent eight years working as a financial accountant with organizations such as Aetna, KPMG, Wynnwood Hospitality; and four years working as a financial analyst/modeler at Washington Gas Light Company and AES Corporation. Humphrey earned his MBA from Georgetown University in 2002 and has a BS in Accounting from the University of Texas. An avid soccer player, Humphrey coaches soccer for a youth league in his spare time. Humphrey lives in Virginia with his wife Christine and two children.

Eliza Erikson, Portfolio Manager, Microfinance

Eliza Erikson is responsible for the management and growth of Calvert Foundation's international microfinance portfolio. Under her direction, that portfolio has grown from $10 million to over $50 million in loans and equity investments outstanding. She has also worked with the Corporation for Enterprise Development and the US Agency for International Development, providing management consulting and investment services to development finance institutions in the US, Latin America, South Asia and North Africa. In addition, Eliza designed and implemented a microfinance program at a community development corporation in the central highlands of Guatemala. Eliza earned a Masters in Public Policy (M.P.P.) with concentrations in finance and program evaluation from the John F. Kennedy School of Government at Harvard University. Eliza is a member of the Board of Directors and Finance Committee of the I Do Foundation. She lives with her husband in the Columbia Heights neighborhood of Washington, D.C.

Carrie McGarry, Marketing and Communications Manager

Carrie brings a decade of marketing experience to Calvert Foundation, working in various positions in the financial and technology industries. As Marketing Manager, she leads a broad array of marketing efforts, including strategy, branding, printed materials and direct mail, online communications, public relations, advertising and conferences. She came to Calvert Foundation from FINRA (formerly NASD), the largest non-governmental regulator for all securities firms operating in the U.S. At FINRA, Carrie worked with a team that delivered new initiatives, such as educational webcasts and compliance technology products. Prior to that, she ran marketing strategy and campaign analysis for MicroMarketing, an agency specializing in life-stage marketing. She has also held positions at technology product and consulting companies, including Overture Technologies in Bethesda, MD and The Adrenaline Group in Washington, DC.

Carrie received her BA in communications from Syracuse University and her MS in strategic marketing from Johns Hopkins University. She lives in Maryland with her husband Tom, their daughter Marie, and two very spoiled dogs.