California Endowment bond seeks to expand economic opportunity
Praxis supports efforts to help the underserved

Praxis Investment Management® continues its investing activities in alignment with the United Nations Sustainable Development Goals by purchasing The California Endowment’s first social bond in the fourth quarter of 2021.
Fixed income alignment with the UN SDGs is one of seven strategies that are part of the new Praxis impact framework, ImpactX. A guide on how Praxis Mutual Funds uses ImpactX strategies to guide the impact potential of investments can be found in the Praxis Real Impact 2021 report.
TCE’s Social Bond Framework received a second-party opinion accreditation from Sustainalytics, a Morningstar company. The accreditation report says that TCE’s Social Bond Framework aligns with the Social Bond Principles, a globally recognized set of guidelines for bond issuers allocating proceeds to socially successful projects.
UN Sustainable Development Goals
Under this social bond, TCE plans to use the proceeds to improve their charitable strategies by providing grant funding to nonprofit organizations, known as “opportunity investments.”
TCE chooses opportunity investments that seek “people power,” “reimagined public institutions” and a “health for all system” to match TCE’s organizational values. This approach emphasizes nonprofits that develop leaders to promote civic activism and empower marginalized groups, transform public institutions and create more accessible health care.
More information can be found here on how TCE chooses opportunity investments.
Through positive impact bonds, Praxis Mutual Funds seeks to include investments that generate a competitive financial return and deliver a clear and direct benefit to people and our planet. Investors participating in the Praxis Impact Bond Fund have the chance to actively make a real-world difference as global citizens.
Learn more about the Praxis Impact Bond Fund here.