Frequently Asked Questions

What is Age Strong?

Age Strong is an initiative that enables people to invest to support organizations and projects that benefit people over 50, most of whom are low-income. Age Strong is a partnership between AARP Foundation–the charitable arm of AARP, Capital Impact Partners, and Calvert Foundation.

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Who is AARP Foundation?

As the charitable affiliate of AARP, AARP Foundation is working with struggling people 50 and over so they can regain their confidence as good providers and members of their communities. We focus on four priorities where immediate action and legal advocacy will have the greatest impact: hunger, income, housing and isolation.

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Who is Capital Impact Partners?

Capital Impact Partners transforms underserved communities into strong, vibrant places of opportunity. A nonprofit Community Development Financial Institution, we have a 30-year history delivering strategic financing, social innovation programs and capacity building that create social change and deliver financial impact nationwide.

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Who is Calvert Foundation?

Calvert Foundation is a nonprofit that enables people to invest for social good. Through our Community Investment Note®, a fixed-income investment security, investors can invest as little as $20 to support the causes and places they care about. During our 20-year history, we’ve worked with more than 15,000 investors, who have collectively invested more than $1 billion through the Note. As one of the most trusted names in impact investing, Calvert Foundation has maintained a 100% repayment rate of its investors’ principal and interest since 1995.

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How does this help?

Organizations that receive funding through the initiative are working in a variety of ways to support people over 50. From providing healthy meals to supportive housing to job training, these organizations are proactively engaging older people who need the most support. Your investment enables them to reach even more people. You’re also helping yourself out by earning a return on your investment.

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What type of investment is this?

Investments in the Age Strong initiative are made through Calvert Foundation’s Community Investment Note, a fixed-income investment product similar to a corporate bond. When you purchase a Note, you select a rate and term combination. Interest accrues on an annual basis, and you may elect to have your annual interest payment repaid to you, reinvested, or donated to Calvert Foundation. As your Note approaches maturity, you will receive a notification providing instructions for redemption or reinvestment.

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How do you select which projects or organizations receive funding?

Capital Impact seeks to provide direct financing for projects that enable older adults to age in their communities and that transform the long-term care system. This includes lending to Federally Qualified Health Centers that coordinate elderly care services, healthy food enterprises, homelike care facilities and other innovations that create opportunities for underserved individuals 50 and older to age healthier. Loan amounts range from $500,000 to $5 million, at terms of up to 10 years.

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Where does my investment go?

When you invest, we combine your investment with the investments of others in the Age Strong initiative. These investments flow through the Community Investment Note to Capital Impact Partners, who makes loans to projects and organizations that benefit low-income people over 50. Those organizations repay their loans over time, with interest. You receive your principal investment amount back, plus interest.

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Is the return on my investment guaranteed?

While no investor has ever lost money investing through the Community Investment Note in its 20-year history, it is still an investment and therefore carries risk. Your investment is not guaranteed by the FDIC, SIPC, or any other agency. Please read the prospectus before investing in the Community Investment Note.

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How do I invest?

There are three ways to invest: online at Calvert Foundation’s online investment platform Vested.org, directly with Calvert Foundation through a paper application, or through a brokerage account. See the Invest page for more details.

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Can I invest through a retirement account?

Yes. Community Investment Notes can be held in self-directed IRAs. A self-directed IRA is an individual retirement account created to allow the IRA holder the option of selecting, either directly or through an investment advisor or other permissible representative, investments for the IRA.

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In which IRA accounts can I invest?

The following retirement accounts have the option to be self-directed: a traditional IRA, Roth IRA, Rollover IRA, Educational IRA, and SEP IRA. The Notes are intended to be an acceptable investment for IRAs under Internal Revenue Code section 408(a). The Foundation reserves the right to choose the rate and term of an IRA investment based on market conditions at the time of a Note purchase. Contact Calvert Foundation’s investor relations team at agestrong@calvertfoundation.org for more details. Before making any investments, please check with your financial advisor.

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I’m a resident of a state that can’t invest. Why can’t I invest?

Due to Blue Sky regulations, the current offering of our Note cannot be sold in the states of Arkansas, South Carolina, or Washington. We are working with regulators in those states to be able to offer the Community Investment Note to residents living in these states. Email us at agestrong@calvertfoundation.org if you would like to be notified of any updates in your state.

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Do I need to be an AARP member to invest?

No, you do not need to be a member of AARP.

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What is impact investing?

Impact investing is a type of investing that generates a financial return while also creating positive social and/or environmental impact. Investments in the Age Strong initiative are considered impact investments.

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