The Calvert Foundation--a nonprofit corporation in Bethesda, Md.--offers community investment notes with various terms and rates of up to 3%, according to vice president Art Stevens. He says the program, which provides cash to underserved communities, had its best quarter ever ending March 2010, with gross sales of $16 million. He attributes the growth to lower interest rates on other products, greater awareness of the program and more demand from family offices.
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