Cornerstone Capital Group’s Phil Kirshman has been elected to the Board of Directors at Calvert Foundation, an impact investing institution that invests in underserved communities around the world. He was confirmed for a three-year term.
Also named to the board on Sept. 12 was Jaime Yordan, former Vice Chairman of Citigroup.
Earlier this year the Calvert board also nominated and approved two additional members, Decker Rolph, an early-stage business and finance executive and investor, and Aron Betru, Managing Director of the Center for Financial Markets at the Milken Institute. This brings the board to a total of 10 members.
“We’re thrilled to be welcoming a new generation of members to our board and the Calvert Foundation community. Phil, Jaime, Aron and Decker all join us with expertise in finance and a passion for social good. Bringing together longstanding and new members, our board is better poised to grow Calvert Foundation to the next level as leaders in the impact investing space,” said Bart Harvey, Chairman of the Board of Directors, Calvert Foundation.
“I’m truly delighted to have the opportunity to work more closely with the Calvert Foundation team. I hope to support their efforts to creatively yet responsibly facilitate the flow of capital to innovative and highly impactful investment solutions,” said Kirshman.
Two Calvert board members have departed in 2016. Shari Berenbach, a former CEO of the Calvert Foundation and recent President and CEO of the U.S. Africa Development Foundation, tragically passed away earlier this year, a great loss to both Calvert Foundation and the greater impact investing community. Peggy Clark, one of the founding board members of Calvert Foundation, resigned as of September 12, and is being honored as a Director Emerita. Peggy will continue to be a close friend and resource to Calvert Foundation with her expertise and long-standing relationship with the organization.
“I applaud Calvert Foundation’s new generation of board members who join the organization at a pivotal and promising moment. I am honored to be among the dreamers who helped to establish the organization, and to have watched its powerful impact over the years on so many individuals and communities. I am delighted to be able to continue to support the Calvert Foundation as an emeritus board member,” said Clark.
Kirshman is Chief Investment Office at Cornerstone Capital Investment Management (CCIM), where he oversees investment policy planning, strategic asset allocation optimization, investment implementation and portfolio reporting strategies. He serves on the firm’s Executive Committee and Investment Policy Committee. Prior to joining Cornerstone, Kirshman was a senior partner on a UBS Institutional Consulting team based in Boulder, CO, serving clients across the United States.
A Chartered Financial Analyst and a Certified Financial Planner, he serves on the board and is Treasurer of US SIF: The Forum for Sustainable and Responsible Investment, and is Treasurer of the US SIF Foundation. Kirshman also serves on the Advisory Council to the City of Denver Office of Sustainability, by appointment of the Mayor of Denver, and chairs the Advisory Council to Mile High Connects, a public-private partnership supporting development of transit-oriented real estate development in the city of Denver.
Read the full announcement here.