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November 11, 2021, Notre Dame, Indiana – Sister Corinne Florek, OP, was recently profiled in the Alumni section of the University of Notre Dame’s website as one who invested not for profits, but for economic justice and the common good.
A 1980 graduate of Notre Dame’s Master of Business Administration (MBA) Program, Sister Corinne spent the next 40 years involved in community investment. She founded the Religious Communities Investment Fund (RCIF) and is a consultant for the Adrian Dominican Sisters’ Portfolio Advisory Board. Both organizations give low-interest loans to nonprofit organizations that serve communities of people in need.
“This is not venture capital; this is common good capital,” Sister Corinne told Maura Sullivan Hill, author of the article, “Investing for the Common Good.” Read the entire article on Sister Corinne’s work for economic justice and the common good.
February 13, 2018, Adrian, Michigan – Communities of U.S. women religious were among the first organizations and individuals to invest in local communities to help bring about social justice, according to a recent article in Shelterforce. The article includes the work of the Adrian Dominican Sisters through the Portfolio Advisory Board (PAB). The PAB was initiated in 1974 to help the Congregation to discern how to invest in corporations wisely and justly, and then began the practice of granting low-interest loans to nonprofit organizations that benefit communities. Click here to read the article by Dee Walsh. The reference to the PAB can be found under the heading, “Pioneering Efforts.”