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Unlike Domini’s mutual funds, the Domini Money Market Account (DMMA) does not
invest in a portfolio of securities. Deposits in the DMMA are used by a single
financial institution — ShoreBank, one of the nation’s leading community
development banks — to help fund community development initiatives.
Based in Chicago, ShoreBank has an exceptional record in a number of the areas
we use to evaluate companies and securities for our mutual fund portfolios,
such as corporate citizenship, diversity, and environmental performance.
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The bank has financed more than 45,000 affordable residences.
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Minorities make up 65% of the bank’s officers and 40% of its top-salaried
employees.
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In 2004, ShoreBank clients made loans totaling $27.6 million that targeted
underserved individuals and small businesses in Afghanistan, Azerbaijan, the
Czech Republic, Mexico, Romania, and Slovakia.
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ShoreBank Pacific, founded in 1997, provides deposits, loans, and consulting
services to help businesses grow and become more environmentally sustainable.
ShoreBank is notable for its dedication to community development. In its Annual
Report for 2004, ShoreBank reported that its development lending had increased
by 26% over the previous year and represented 78% of its total lending. Single
-family lending had increased 216% since 2000, reflecting the bank’s decision
to focus on single-family lending in Chicago to help customers build wealth,
strengthen communities through increased owner occupancy, and combat predatory
lending.
When you place your funds with the Domini Money Market Account — created in
1995 through a partnership between Domini and ShoreBank — your deposit helps
fund community development initiatives like these:
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Helping rehabbers to buy and renovate vacant buildings.
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Allowing families to purchase their first homes.
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Enabling churches to build community centers and senior housing.
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Contributing to projects that reduce energy consumption.
The DMMA is subject to certain FDIC insurance limits of $200,000 per depositor.
The Domini Funds are not affiliated with any bank and are not insured. The DMM
A is not a mutual fund.
DSIL Investment Services LLC, and ShoreBank are not affiliated.
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