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

  • Lottery ticket

    A thief who broke into the car of a Seattle couple left behind a million-dollar lottery ticket, NBC News reports.

  • The Lamborghini SpA Urus SUV.

    There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.

  • Mike Trout #27 of the Los Angeles Angels takes a picture with fans before a game with Boston Red Sox at Fenway Park on May 23, 2015 in Boston, Massachusetts.

    MLB is using digital media initiatives like Snapchat and Web video to connect with younger viewers. Is it enough?

U.S. Video