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January 31, 2023, Philadelphia, Pennsylvania – The untimely death of Caldwell Dominican Sister Patricia Daly, OP – a member of the Adrian Dominican Sisters’ Portfolio Advisory Board and Executive Director of the Tri State Coalition for Responsible Investment – led Cliff Rosenthal to reflect on the heroes of the socially responsible investment movement.

Through socially responsible investment, faith-based and other organizations invest or provide low-interest loans to community-based enterprises that promote social, economic, and environmental justice in local communities.

Cliff recalled that, in 1982, he sought funding for his Capitalization Program, which sought to raise private investments to be channeled to credit unions serving communities suffering from poverty. He secured a low-interest $30,000 loan from the PAB – in spite of his organization’s lack of a financial track record and little staff capacity. “In every sense, it was an act of faith,” he wrote. The PAB investment “spurred other Catholic women’s orders to make loans to us, as well, and we were on our way.”

Read Cliff’s reflection on Sister Patricia, the PAB, and other faith-based investors, found on the website of Next City.


Dominican Sisters gather in Times Square in front of Morgan Stanley to celebrate creation of Climate Funds Investment

November 18, 2021, Caldwell, New Jersey – Sister Patricia Daly, OP, a Caldwell Dominican Sister and member of the Adrian Dominican Sisters’ Portfolio Advisory Board (PAB), recommended that congregations of women religious use their investment portfolios to further their charism, or spirit. During the annual conference of the Resource Center for Religious Institutes, she further suggested that communities use their investments to bring healing to Earth in the face of global climate change. Read the entire article by Dan Stockman in The National Catholic Reporter’s Global Sisters Report.


 

 

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