Enter multiple symbols separated by commas

Impact Investing a Great Alternative: Incapital’s Ricketts

If you’re looking for more than a pure financial return, socially responsible investing may be a great alternative, Tom Ricketts, Incapital chairman and owner of the Chicago Cubs, told CNBC’s “Squawk on the Street.”

Since 2005, Incapital has been working with the Calvert investment note program. Incapital has helped raise $160 million for the Calvert Foundation, a nonprofit organization that invests in disadvantaged communities, and created 200,000 jobs both in the U.S. and overseas.

“Every dollar that you put into a Calvert investment note goes into a community,” Ricketts said. “If you’re looking to do something with your cash that gives you a little more than a pure financial return, this is a great alternative.”

Some of the money goes to micro-lending, but “the majority goes to community lenders in the U.S. — people that are helping to find options affordable housing or investments in challenged neighborhoods,” Ricketts added.

Return on investment can be up to 2 percent. “On a relative basis it’s right in the range of other fixed-income investments,” Ricketts said. “If you were going to consider this kind of investment, the opportunity cost probably hasn’t been this low in a long time.”

Correction: An earlier version of this story gave the wrong title for Ricketts.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Safety in US equity market: Trader

    Discussing crude oil's decline and the impact China and Greece have on the market, with Dan Greenhaus, BTIG; FM trader Guy Adami; Axel Merk, Merk Investments; and CNBC's Sara Eisen.

  • Stick with quality in this market: Pro

    Discussing the trade on equities, with Chris Retzler, Needham Fund Manager, and JJ Kinahan, TD Ameritrade.

  • US market still attractive: Acampora

    The play on geopolitical issues, with Ralph Acampora of Altaira Limited, who finds financials, tech and health care still attractive sectors in the U.S.