Mar 2009
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Honest Tea's TeaEO Goldman Joins Calvert Foundation's Board of Directors
Calvert Foundation announced today that Seth Goldman, Honest Tea's President, co-founder and Chief Executive Officer (TeaEO) is the newest member of the nonprofit's board of directors.

SocialFunds.com -- BETHESDA, MD. March 17, 2009 Calvert Foundation announced today that Seth Goldman, Honest Tea's President, co-founder and Chief Executive Officer (TeaEO) is the newest member of the nonprofit's board of directors.

Headquartered in Bethesda, MD., Honest Tea is the nation's top-selling organic bottled tea company with a mission to make great-tasting, truly healthy organic beverages. Recently the company earned national media attention when it was reported in The New York Times, Washington Post, and other major news organizations that Honest Tea's Black Forest Berry and Green Dragon Tea varieties are among President Barack Obama's favorite drinks.

Seth Goldman said: "Having been at the table when Calvert Foundation was just getting started, it's exciting for me to join the board and reconnect with the organization and the evolving challenges of community economic development. Honest Tea supports microenterprise projects through many of our Fair Trade partnerships, and I've enjoyed gaining a better understanding of community empowerment strategies across the globe."

"As a Board member and investor in Calvert Foundation's Community Investment Note, Seth will advise us on marketing and branding, as well as a range of other functions," said Calvert Foundation founder and Board Chair Wayne Silby. "I've known Seth for a long time, and truly value his ideas and sense of responsibility for the community and the environment. He is a fantastic addition to Calvert Foundation's Board of Directors."

Before founding Honest Tea with Professor Barry Nalebuff of the Yale School of Management just over 11 years ago, Seth was a member of the marketing and sales team at Calvert Group, the nation's largest family of socially responsible mutual funds. As the head of Honest Tea, Seth has initiated Fair Trade community-based partnerships with suppliers in India, South Africa and Argentina. The company has also created marketing partnerships with City Year, TerraCycle, Saturn and Jamis Bikes. The Better World Shopping Guide recently included Honest Tea on its list of the 10 "best companies on the planet, based on their overall social & environmental record."

To learn more about Seth Goldman and Honest Tea, visit: www.honesttea.com/seth.

ABOUT CALVERT FOUNDATION
For over 13 years, Calvert Foundation, a 501(c)(3) nonprofit organization, has extended a lending lifeline to disadvantaged communities. With more than $200 million in assets, we use capital from over 4,000 investors to provide affordable loans to nonprofits, microfinance institutions, Fair Trade coffee cooperatives and social enterprises - all of which cannot typically qualify for or afford financing from traditional banking sources. These organizations focus on affordable housing, microfinance, environmental sustainability, job creation and community development. More information is available at http://www.calvertfoundation.org.

CONTACT: Patrick Mitchell, (703) 276-3266 or pmitchell@hastingsgroup.com.