Founded in 1984, Parnassus Investments creates shareholder value with a strategy of investing in undervalued companies with long-term growth prospects. It is an investment management firm that offers no-load mutual funds to individual and institutional investors. Based in San Francisco, Parnassus Investments is a boutique investment management firm with more than $1 billion in assets under management. Parnassus Investments has partnered with EARN to help them find ways to deal with impoverishment. The company supports the Project Homeless Connect by making donations and offering interested employees a paid-day off for volunteering at the program's direct outreach events. Parnassus Investments institutional offers investment management services catering to corporate and public pensions, endowments, foundations, large family offices, investment consultants and investment advisers.