February 13, 2018, Adrian, Michigan – Communities of U.S. women religious were among the first organizations and individuals to invest in local communities to help bring about social justice, according to a recent article in Shelterforce. The article includes the work of the Adrian Dominican Sisters through the Portfolio Advisory Board (PAB). The PAB was initiated in 1974 to help the Congregation to discern how to invest in corporations wisely and justly, and then began the practice of granting low-interest loans to nonprofit organizations that benefit communities. Click here to read the article by Dee Walsh. The reference to the PAB can be found under the heading, “Pioneering Efforts.”
August 8, 2016, Detroit, Michigan – Many people might write off Detroit as a “lost cause” because of the well-known poverty and violence afflicting this town. However, Lura Mack and Kristine Cooper, director and executive assistant, respectively, of the Adrian Dominican Sisters’ Portfolio Advisory Board (PAB), spent a day visiting a variety of organizations that have made a difference for the individuals and communities in this troubled city.
For more than 40 years, the PAB has helped the Adrian Congregation to use its financial assets to further the values of the Gospel in the economic realm, through the wings of corporate responsibility and community investment. During a recent tour of Detroit hosted by IFF Detroit. The PAB has granted low-interest loans to IFF Detroit for its work, in turn, in lending to organizations that “create opportunities for low-income communities and people with disabilities.”
During the tour, Lura and Kris visited three organizations that have received low-interest loans from IFF Detroit:
“The trip reminded me of the ‘bus trips’ the Adrian Dominican Sisters used to provide when they first began doing this work as a way to educate the members about where their dollars were being invested in the community,” Lura said. “What a great experience and inspiration to see first-hand how the investment dollars are being used to benefit these organizations as they provide creative opportunities and hope to individuals.”