Pax World Balanced Fund is appealing to investors, including retirement plan participants, to help rebuild Afghanistan.
The Portsmouth, N.H.-based fund, which claims to be the nation's oldest socially responsible mutual fund lets investors contribute some or all of their capital gains and dividends from the fund to Pax World Service, a not-for-profit organization. Pax World Service directs the money to relief efforts in Afghanistan through the Mercy Corps, a Portland, Ore.-based humanitarian aid agency.
Through this joint effort, Pax World Balanced Fund investors have contributed $80,000 in the past three years for relief efforts in Afghanistan. The projects include a refugee rehabilitation program in Baluchistan and other border areas along Pakistan, as well as agricultural assistance programs.
Worldwide, Pax investors have contributed $775,000 since 1998 to Pax World Service/Mercy Corps relief efforts in 12 countries.
Pax has more than $1 billion in assets.