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.

 

·         The bank has financed more than 57,000 affordable residences.

·         Minorities make up 54% of the bank’s middle managers, 43% of senior managers, and 28% of executives.

·         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. ShoreBank provided $445 million in mission-oriented credit in 2007, more than in any previous year. The bank reported that 77% of all the credit it extended that year contributed to stronger communities or a healthier environment.

 

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:

 

·         Helping rehabbers to buy and renovate vacant buildings.

·         Allowing families to purchase their first homes.

·         Enabling churches to build community centers and senior housing.

·         Contributing to projects that reduce energy consumption.

 

 

Available through an arrangement with the ShoreBank family, including ShoreBank and ShoreBank Pacific, members FDIC. Domini Social Investments and the Domini Funds are not affiliated with any bank and are not FDIC insured.