Where We Started

Our history is rooted in the corporate responsibility movement of the 1970s.  Using their corporate investments, religious institutions pressured companies into providing better working conditions or disinvesting in Apartheid South Africa.  These institutions also aimed to use a portion of their retirement and other investments to encourage access to capital for credit-starved low-income communities in the United States and to proactively support community organizations whose values resonated with their own.  

Recognizing this growing desire among religious communities, Christian Brothers Investment Services (CBIS) created Partners for the Common Good in 1989 as a collaborative vehicle for religious institutions to help the poor and empower the marginalized.  CBIS established PCG as a series of limited partnership funds: Partners for the Common Good Loan Fund (1989-1994) and PCG 2000 (1994-2000).

Under the leadership of Sister Carol Coston, O.P., PCG 2000 attracted investments from nearly 100 religious institutions.  In 2001, PCG was recognized for its leadership and innovation when it was selected to receive a prestigious Presidential Award for Excellence in Microenterprise Development in the category of Program Innovation. Among the first “community investor” funds, PCG Loan Fund and PCG 2000 played a pioneering role in creating a market for community investments and helping other socially motivated investor pools get started.  PCG is perhaps most noted as one of the first national intermediaries to focus on serving the nascent and emerging Community Development Financial Institutions (CDFI) industry.  Today, many foundations, banks and other socially motivated investor funds have utilized PCG's blue print and incorporated similar types of community investments into their portfolios.

PCG Today

In 2000, PCG was reorganized as an independent tax-exempt nonprofit organization and became a membership corporation in 2003. PCG is a U.S. Department of Treasury certified Community Development Financial Institution (CDFI) that operates as a wholesale participation lender. We are taking a leadership role within the domestic community development finance industry by creating a wholesale participation lending network. Our pioneering work is important because it creates new tools for mission based lenders to manage liquidity, loan limits, and other balance sheet challenges that stymie the growth and local impact of the industry – most importantly it brings more capital to communities that need it most.