Phil Kirshman

Pension Committee Chair, Calvert Impact Board

Phil Kirshman, CFA, CFP®, is the Director of Impact Investing at Manchester Capital Management, a multi-family office based in Santa Barbara, CA. Phil is principally responsible for sourcing and conducting due diligence on investments, including private companies, asset managers and funds for SRI, PRI, MRI, Impact and ESG investments and portfolios. Phil also consults with key clients, and leads the firm’s strategic impact investing related initiatives.

Previously, Phil was a founding partner and served as Chief Investment Officer at Cornerstone Capital Group, an impact investment-focused registered investment advisory firm, where he oversaw investment policy planning, strategic asset allocation optimization, investment implementation and portfolio reporting strategies. He served on Cornerstone’s Executive Committee and Investment Policy Committee. Prior to joining Cornerstone, Mr. Kirshman was a senior partner on a UBS Institutional Consulting team based in Boulder, Colorado, serving clients across the United States. Mr. Kirshman is a Chartered Financial Analyst and a Certified Financial Planner.

Phil previously served on the board of US SIF: The Forum for Sustainable and Responsible Investment, and as Treasurer of the US SIF Foundation. He also served on the Advisory Council to the City of Denver Office of Sustainability, and on the Advisory Council to Mile High Connects, a public-private partnership supporting development of transit-oriented real estate development in the city of Denver. Mr. Kirshman graduated from the University of California, Santa Cruz.

Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplements, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities through this Site should only be made after reading the applicable prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.

This is not an offer to sell you our securities and we are not soliciting you to buy our securities. The offering is made solely by the Prospectus. We will offer and sell our securities only in states where authorized.