After 15 years of working with students, alumni, and other university stakeholders to make endowments a force for social, racial, environmental, and economic justice, REC has decided to close our doors. We are keeping information about Our Work available online for those who would like to reference past campaigns.
REC believes that a responsible endowment is one that is used to support its beneficiaries: students, faculty, alumni, and the community at large. This applies both in terms of investment and spending decisions. In Fall 2016, REC will be publishing a report with the Croatan Institute on university wealth hoarding and the student debt crisis, exploring how a growth-for-growth’s sake logic in endowment management has contributed to increasingly inaccessible higher education.