Leaders in impact investing and banking join rating and information service’s governing board Philadelphia, PA, February 23, 2016—Today at its annual meeting, the Aeris board of directors elected two new directors to the organization’s governing board. David Sand, Chief Investment Strategist and Interim Chief Impact Investment Officer at Community Capital Management, and Kim Leslie Shafer, [...]
Will define and collect standardized data on the impact of loan funds View a PDF of this announcement. Denver, CO, June 9, 2015—Today at the fifth annual Clinton Global Initiative America (CGI America) meeting, Aeris—the ratings and information service for community investors—announced a CGI America Commitment to Action to define and collect standardized data on the [...]
Contact: Matt Royles, Aeris firstname.lastname@example.org 267.233.5155 Philadelphia, PA, June 9, 2014—Today CARS Inc. announced that it has changed its corporate name to Aeris, and launched a new brand and product suite to strengthen its core purpose—guiding capital to investments that create opportunities for underserved communities across America. Aeris’ rebranding connects to its strategic goal of [...]
CARS Inc. announced today the availability of a call reporting system for community development financial institutions (CDFIs1) to share quarterly performance data with their investors.
The Citi Foundation is making a $1 million grant to CARS to develop the first automated financial performance data collection system for CDFIs.
Newly-minted organization spun off from Opportunity Finance Network will provide new products and services offering in-depth CDFI industry intelligence.
Top-Rated Responsible and Transparent CDFIs Receive First-Round Grants from Prestigious New Initiative Launched by Starbucks and Opportunity Finance Network® Philadelphia, PA, November 9, 2011—CARS™, the CDFI Assessment and Ratings System, is pleased to announce that 28 of its top-rated CDFIs are the first recipients of capital grants from Starbucks and Opportunity Finance Network’s (OFN) Create Jobs [...]
Independent ratings service gives Self-Help high marks on social impact and financial strength Philadelphia, PA, July 14, 2011—Self-Help Ventures Fund (Self-Help), one of the oldest and largest community development finance institutions (CDFIs) in the U.S., received its first publicly available independent rating by CARS™, the CDFI Assessment and Rating System. Since its founding in 1980 [...]
New Data Reveals 50% of CDFIs That Undergo a CARS™ Analysis Improve Impact Performance in Subsequent Review
Improvement Shown Among the CDFI Loan Funds Rated by CARS™ in First Quarter 2011 Philadelphia, April 12, 2011–CDFIs that participate in a CARS™ rating not only demonstrate commitment to transparency and accountability, but strive to improve their impact performance, according to new data from CARS™. Of the 51 CDFIs that have gone through the full ratings [...]
Leading CDFI loan funds dedicated to transparency say investors expect continued participation PHILADELPHIA, February 3, 2011—The CDFI Assessment and Ratings System (CARS™) is celebrating a milestone, with three of the pioneer institutions scheduled for their third CARS™ ratings during 2011. A CARS™ rating covers a three-year period, with annual review assessments during the interim years. [...]