BETHESDA, Md., March 13 /PRNewswire-USNewswire/ -- Calvert President and CEO, Barbara J. Krumsiek, was honored by the Latino Economic Development Corporation (LEDC), a Washington, D.C.-based nonprofit group focused on helping Latinos manage the conditions that impact their financial stability.

In addition to Calvert's reputation as a respected leader in providing investors with sustainable and responsible investment strategies, LEDC also considered Krumsiek's service on the Board of the Calvert Social Investment Foundation, a 501(c)(3) nonprofit organization that focuses on increasing the flow of capital to underserved communities in order to foster an equitable and sustainable society.

Martin Mayorga, president and founder of Mayorga Coffee, was also a recipient of LEDC's Latino Economic Development Award. Mayorga was awarded for founding Mayorga Coffee, a local company which only sells products that meet the highest environmental-safety standards and which supports the local communities with which it works around the world.

Ms. Krumsiek said: "I am honored to receive this award from the Latino Economic Development Corporation. LEDC is an important force in the local community in Washington, D.C. and in Maryland where Calvert is headquartered. LEDC's Small Business Development Program provides a fantastic service to small business owners and entrepreneurs."

The awards will be presented at LEDC's annual gala, to be held on May 1.

ABOUT CALVERT

Calvert is an investment management firm with over $15 billion in assets under management. Calvert is a leader in sustainable and responsible investing and manages approximately $6.9 billion in sustainable and responsible assets for institutional and individual investors. Calvert Funds' SRI offerings have grown to 21, with a recent addition being the Calvert Global Alternative Energy Fund (CGAEX) in May 2007. Over the years, the Funds have built a core line-up of mutual funds ranging from equity to fixed income, large-cap to small-cap, and domestic to international.

CALVERT FOUNDATION

The Calvert Social Investment Foundation (http://www.calvertfoundation.org) is a 501(c)(3) nonprofit organization, legally distinct from the Calvert Funds and Calvert Group, Ltd., that uses the power of investment to channel affordable credit to underserved communities, working to end poverty by creating hope and economic opportunity where it is needed most. Individuals and institutions provide investment capital to the Calvert Social Investment Foundation, which utilizes industry-leading due diligence to actively manage a diversified portfolio of high social impact investments in the U.S. and abroad. You can find more information about the Calvert Foundation at http://www.calvertfoundation.org.

ABOUT LEDC

LEDC is a private, non-profit 501(c)(3) organization founded in Washington, DC in 1991. LEDC's mission is to improve the wealth-building capacity of low to moderate income Latinos and other underserved communities in the Washington Metropolitan Area.

For more information on any Calvert mutual fund, please call Calvert at 800.818.8397 for a free prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The prospectus contains this and other information. Read it carefully before you invest or send money.

Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member FINRA, a subsidiary of Calvert Group, Ltd.(3/08, 7819)

Calvert

Calvert

Calvert, a leader in sustainable and responsible investing, headquartered in suburban Washington, D.C., has, since our founding in 1976, set industry standards for asset management excellence - in both the way we select companies for our portfolios and how we serve our clients' interests. Our investment approach emphasizes rigorous fundamental research that goes beyond traditional measures to uncover companies with long-term value. Through proven investment management, attentive customer service, an innovative family of investment products, and strong marketing capabilities, Calvert serves individual and institutional investors nationwide as well as professional financial advisors

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