Wesleyan University’s student-controlled endowment, the first of its kind in the nation, proves that investing with a social conscience does not mean sacrificing returns. The endowment, which was started in October 2008 with $150,000, has weathered the financial crisis beautifully. It currently stands at $150,065.46 and has outperformed the S&P 500 by 25.5% during the period since the endowment’s creation.
Breaking essentially even during these tough times has been a challenge for most. The WSA is proud to attribute its success to its $50,000 investment in a socially responsible fund with the investment management firm PIMCO, which posted a 12% return and now stands at $56,058.76.
Another $50,000 was originally kept in a guaranteed cash vehicle but was recently transferred to a laddered set of share certificates with a local credit union, MiddConn. In addition to being a safe and reliable investment with reasonable return, the WSA chose to move its cash to MiddConn in order to support its local community of Middletown, CT.
The last $50,000 of the WSA’s initial investment is tied to the Wesleyan University endowment. This segment was the only portion of the WSA endowment’s portfolio to post a loss. Wesleyan recently formed a Committee for Investor Responsibility to vote its endowment’s proxy resolutions and to engage in other forms of shareholder activism. The committee is made up of students, faculty, staff, and alumnae.
The WSA endowment was created to eventually replace the Student Activities Fee with an annual draw. The Student Activities Fee is an annual fee paid by each student that funds all events, concerts, and student groups on Wesleyan’s campus. The revenue generated by the Student Activities Fee is managed exclusively by the students elected to serve on the WSA.
The outstanding performance of the WSA endowment shows that responsible investment can be a wonderful thing for your university. Through responsible investing, it is possible for your university to effect positive change in the world while also fattening its wallet. When taken together, these two arguments prove difficult to ignore.
The Committee hopes to expand and formalize proxy voting guidelines, use surplus student activities fund money for community investment, transfer a percentage of the endowment into community banks, research microfinance in the Hudson Valley, and explore new shareholder resolution filing opportunities.
The Committee continues to work with administrators and external fund managers to develop a responsible investment policy that fits with current investment strategies.
The Advisory Committee on Corporate Responsibility in Investment Policies (ACCRIP) administers the
Brown Socially Responsible Investment Fund (BSRI) and is about to make its first investment. More information at http://brownsri.blogspot.com/.
California Institute of Technology:
Student government officials approached the administration about adding sustainable investing policies to the existing investment guidelines but the administration does not believe the endowment is an appropriate place for student involvement. The Graduate Student Council is planning to transfer their assets to a community bank at the end of the fiscal year.
In the Spring the Committee conducted a faculty/ staff/ student wide survey with the aim of understanding the community's investment preferences. Theysurveyed 200 student and 100 staff members and a few faculty. They are going to conduct another one this fall. This Spring they also completed a follow-up report for the Trustees which included some additional analysis of the resolutions that we passed in the Winter. More information is available at http://apps.carleton.edu/governance/cric/charter/.
Students in the REC Columbia chapter continue to seek greater transparency and the active participation of the Columbia community in regarding the school’s investment decisions. The Committee is submitting their proxy voting guidelines written in a spring 2009 Socially Responsible Investment class, convened by the Committee Chair, to the Trustees this fall. More information is available at http://www.finance.columbia.edu/sri/.
Students are working on a proposal for a committee on investor responsibility and incorporating endowment-focused work into that of other student organizations. Faculty and staff are also working on a document that will provide a framework for aligning mission and investments that will go to the President. They are also looking at ways the endowment relates to sustainability.
Last semester, students presented on the Wal-Mart gender discrimination proxy to their Trustees and convinced them to vote for the proxy and were told they would be interested in voting for similar proxies in the future. They still refused a committee, but agreed to let the students do what a committee would do and also let one of the treasurer's office personnel work more closely with them. They are now pursuing co-filing the same resolution.
Students are setting up a student-managed endowment and have some voice in the restructuring of their committee on investor responsibility and the new investment guidelines it will enforce. Students for Justice in Palestine is hosting a national conference for other student groups interested in pursuing divestment. more information at http://www.hsjp.org/.
Students are working to build greater cohesion and communication throughout the campus community, develop a student committee to represent student opinions on university investment decisions, open the campus federal credit union to students, and to encourage and advocate for student financial literacy.
Mt. Holyoke College:
Students involved in the community investment committee will be meeting with their Trustee investment committee this fall to discuss the ways they can increase transparency and incorporate responsible investment strategies into the college endowment.
The student government vice president is preparing to present a proposal for a responsible investment policy to the appropriate decision-makers this fall. While he isn’t convinced he will win, he says “I do understand and represent the interests and concerns of 16,000 students.”
The advisory committee on socially responsible investing is currently working with Trustees to create an environmental choice fund and to develop a responsible investment policy with their external fund manager. They are also working to inform and engage the student body in investment decisions.
Massachusetts Institute of Technology:
The MIT Executive Committee has determined they do not want to make the Advisory Committee for Social Responsibility a permanent committee but does want it to remain open as a venue for expressing concerns. The current compromise is for all concerns to go through the MIT Corporation Joint Advisory Committee on Institute-Wide Affairs, http://web.mit.edu/corporation/additional/cjac.html, composed of students, faculty, and alumni that has the power to convene the ACSR.
New York University:
Last year’s occupiers, Take Back NYU, are now working to develop internal alignment around campaign goals. Students with the Sustainability Task Force are currently working to introduce sustainable investing to campus investment practices.
Last year the student government was able to successfully negotiate full disclosure of endowment investments and the creation of a committee of students, faculty, and staff to advise on responsible investment issues. This fall students are developing and implementing this policy.
Students at Tufts for Investor Responsibility (STIR) are still pushing the school to live up to its original commitment to responsible investment by empowering the advisory committee on shareholder responsibility with proxy voting powers and the representation of stakeholders from across the campus community. The committee has also undergone a transition to new student membership and is currently developing sustainability focused proxy voting guidelines.
University of California:
UC-Responsible Investment Coalition members are still working to develop advisory committees on investor responsibility at each campus within the UC system, focusing on UCLA, UCI, and Berkeley first. They are also working to introduce ESG proxy voting guidelines to the full system-wide endowment.
University of Michigan:
Students at Ann Arbor are negotiation to add ESG criteria to existing proxy voting guidelines. Students at Dearborn continue to push for greater transparency and a responsible investment policy.
University of Vermont:
Student government officials were recently appointed to a subcommittee the Trustees dedicated to considering responsible investment. After attending the REC conference in Philly they plan to take back what they learned from other schools’ policies to frame their discussion.
Washington University-St. Louis:
Students continue to advocate for greater transparency around investment decisions and to draw student attention to the issue by focusing on coal and climate issues related to the endowment. They seek not only access to investment information but also institutionalized student oversight in the form of a committee.
Wayne State University:
Students with “As Soon As Possible” are seeking divestment from Marathon Oil Corporation, a local polluter, and reinvestment in sustainable green community enterprises. They are also seeking new investment guidelines for managers that are created with input from students, faculty, and the campus community.
The student government just moved about $42,000 from their cash into a green fund. They are also developing greater transparency and access to the portfolio for community members, a balance of ethics, profit, and the interest of trustees, administrators, and students, and to streamline processes and develop sustainable long term resolution to existing issues.
Students with the Responsible Endowment Project created a report, available at www.responsibleendowment.com. Students with the Dwight Hall SRI Fund recently made an initial investment in a community bank and are currently researching market driven investment opportunities.
Students carried signs that read, “Stop HANDING our money to HEI” and “Our Endowment. Our Responsibility. Our Power.” Others led the group in protest cries saying, “When working conditions are obscene, it’s Penn’s duty to intervene.” Yet others carried a letter addressed to the President of Penn University and signed by students from over 20 colleges and universities, representing states from Washington to Vermont. This letter demanded that Penn divest from HEI, a hotel investment group that owns and operates hotels across the country, but whose labor practices are unjust and inhumane. What united these students was their common concern for the way educational institutions invest their endowments.
REC’s 6th national conference was much more than an opportunity for students from across the country to show their support for Penn’s divestment from HEI. It was an educational environment where we—the 70 attendees—could share ideas, tactics, research tools and enthusiasm for Socially Responsible Investment. During the three-day-long conference, we were able to attend workshops presented by REC staff, fellow student activists, and professionals in the field of investment. Workshops ranged form how to combat climate change through investments, to community investment strategies, to the alternative economics and the solidarity economy. Training for Peace and the Ruckus society made special presentations on creating effective tactics and strategy and on group dynamics. All throughout the conference there were opportunities to strategize in small groups and learn from one another. The students from Yale shared with us how they had set up a student-run endowment, while students from Sarah Lawrence and Washington University shared ideas on how to work within the bureaucracy of one’s school to bring about change. At the end of each day, we headed back to the hostel just out of town to continue our discussions from the day and develop quick friendships with one another.
For me, the most encouraging aspect of the conference was the atmosphere of enthusiasm and potential. Rather than individual facets of an amorphous movement, we were united as one body of students dedicated to change through responsible investment. I think for many of us it was the first time we were able to put a face and a name to the movement. We were delighted to find people who understood what we were talking about when we said, “SRI,” “hedge funds,” and “proxy voting.” And we walked away from the weekend with not just a notebook full of notes and new information, but an array of contacts for future organizing.
One solution to this dissonance is to provide concrete examples of Socially Responsible Investment funds that either match or exceed the returns of traditional funds. At the REC conference last weekend, Thomas Meyer presented a case study of how a dynamic group of Yale students has worked with the system to try and provide a concrete example for endowment fund managers everywhere.
As the students set out to build their fund they developed strong alliances with the board of trustees of a separate smaller endowment as well as investment professionals in order to gain legitimacy. Meyer commented that it is important to be perceived as professionally as possible when working with the board of trustees, especially surrounding investment decisions.
After a long process, the students were granted a $50,000 fund “focused on socially responsible investing” that would have “active participation of the students of Dwight Hall [the smaller endowment invested with Yale University]”. The students have spent over a year planning their investment strategies, and just a few weeks ago placed their first investment. Hopefully the success of this fund inspires managers across the country to begin incorporating SRI into their investment strategy!
written by Jay Cassano, New England Student Organizer
In April of 2008 Vermont became the first state in the country to approve the low-profit limited liability company (L3C) as a legal business structure. Throughout 2009 the L3C business entity has been growing in recognition, having been ratified by the states of Utah , Michigan , Wyoming , and Illinois . It is also currently being considered by state legislatures in North Carolina, Georgia, Oregon, North Dakota, Tennessee, Montana. In addition, the L3C structure has been ratified by the Crow Indian Nation and the Oglala Sioux Tribe. The fact that Native American communities, which are easily some of the most disenfranchised peoples in the United States, want to make use of the L3C business entity shows that it has significant potential as a vehicle for social good.
The L3C is legally very similar to a limited liability corporation (LLC). LLCs were designed to provide a flexible business structure for small businesses that would have some of the benefits of partnerships and sole proprietorships while limiting the financial risks to members of the LLC. The main difference between L3Cs and LLCs is that L3Cs streamline the process of meeting the requirements for the IRS's Program-related Investment (PRI) regulations by being specifically structured in their legal code to already meet those regulations. PRIs are a class of investments that are generally used by private foundations in order to meet their tax exempt requirements; private foundations are required to either donate five percent of their assets to social programs or to invest five percent in socially beneficial program-related investments, which are investments that would not be made by an investor whose primary motivation was financial return.
The organization that is promoting the adoption of the L3C, Americans for Community Development , describes the L3C as “a new form of limited liability company which combines the best features of a for-profit LLC with the socially beneficial aspects of a nonprofit. It is a for-profit with a nonprofit soul.” L3Cs must include in their charter that their purpose is primarily to be socially beneficial and that earning profit is secondary to their social mission. Some anticipated uses of the L3C structure include newspapers, museums, symphonies, recreational facilities, and certain types of community development projects.
Because L3Cs are allowed to earn a profit, they are not 501(c)3 nonprofit charitable organizations. This means that they will not be attractive to individual donors looking only for tax exemption. But the strength of L3Cs is that they do not compete for these donations, but rather open up a completely underdeveloped field for institutional investors such as private foundations. Because of the complexity and investment of time involved for investors to file and process paperwork for PRIs, many private foundations do not currently make use of PRIs, preferring to meet their exempt requirement through donations to 501(c)3s. Because the L3C is designed to specifically comply with PRI regulations, foundations making PRIs in L3Cs are allowed to skip the bulk of the paperwork involved with filing a PRI. In this way L3Cs position themselves strategically between nonprofits and for-profits. Another advantage of L3Cs is that they are legally allowed to tranch investments, which enables different investors to choose different levels of risk and reward.
In the socially responsible investment movement, L3Cs are mostly useful for private foundations that would prefer to meet their exempt requirements through PRIs in order to gain a small financial return rather than donating 5% of their assets to nonprofit charities. Nevertheless, we should investigate the possibilities of utilizing L3Cs as an investment vehicle for college and university endowments. One possibility is that public universities whose state funding is supplemented with an endowment managed by a private foundation could encourage their foundation to invest in L3Cs. In addition, because L3Cs are required to serve social good but are allowed to earn a profit, they could prove to be an interesting model for providing employment in low-income communities through a for-profit community development venture. These sorts of community development L3Cs might end up serving a greater social good than many charitable nonprofits by providing meaningful employment to disenfranchised peoples. Private colleges and universities without foundations attached to them could use L3Cs as a vehicle for allocating 1% of their endowment in community investments . This would give another option for community investment besides revolving loan funds. L3Cs are still very new and are not yet widely utilized, but in the long term they could prove to be an important component of a diverse socially responsible investment portfolio.
- Americans for Community Development: About L3C
Vermont Secretary of State Corporation Database (search "L3C" to get a list of L3Cs in Vermont)
- Chicago Tribune: "New corporate structure could give social entrepreneurs new funding stream"
- Huffington Post: "How To Save Newspapers"
- Social Earth: "An Insider's Look at the L3C and What it Could Mean For You and Your Social Enterprise"
You can reach Jay Cassano at: email@example.com
Socially responsible investing, or SRI, is a strategy of investing that seeks to maximize financial returns just like every other investment strategy, but also attempts to maximize social good. SRI is becoming very popular recently, accounting for about eleven percent of the $25.1 Trillion of assets under management as of 2007 according to SocialFunds.com, but SRI is not a new concept. Religious institutions have engaged in SRI with their funds as well as encouraging their followers to invest responsibly for hundreds of years. Religious groups have attacked issues such as slavery and workers rights through investment decisions on a strictly moral ground.
In the 1960’s SRI began to grow with the use of negative screens. Negative screens are devices investment professionals use to restrict investment in companies that engage in various activities such as arms production, tobacco, gambling, and liquor. Negative screens have also been used in divestment campaigns, most notably to end apartheid in South Africa.
Although many people contend that negative screens and SRI is a bad financial decision because it limits the investors, recent data has begun to show that may not be the case. Many reports are emerging that show SRI funds outperforming non-SRI funds, and many investors are beginning to understand responsibility as a metric for financial success. Not only does responsibility represent a major risk to organizations due to evolving market drivers such as climate change and resource scarcity, but governmental changes also have the potential to catapult responsible companies into financial success with programs such as sustainable spending from the stimulus, corporate governance reform due to the crisis and cap and trade programs.
Since SRI is not only a moral choice, but also a financial benefit, more institutions will now hopefully recognize it as a necessity. Not only will this earn them better returns, but also make the world a better place!
Creative Action at Middlebury College
by Olivia Grugan and Moriel Rothman
He mindlessly grabbed a plate and began his dining routine at the salad bar. The student right in front of him stopped halfway through the process of bringing the salad tongs to her plate. She stood there frozen. He looked at her plate and saw three pieces of charcoal. He waited, but she didn’t budge. He turned to look around the dining hall and saw forty students frozen, mid-routine. They all had charcoal in their hands or on their plates. After five minutes frozen, they continued as if nothing had happened.
This “freeze on coal” was coordinated by Middlebury College’s Sunday Night Group (SNG), an environmental group, and the Socially Responsible Investment club (SRI). The students from these clubs have organized four creative action demonstrations in order to question the college’s endowment investment practices. They are unsatisfied with the lack of transparency in the endowment, and want to rid the endowment of any investments in companies that violate human rights or promote environmental degradation. To draw attention to this topic, they organize these weekly events on campus, both to raise awareness among the student body, and to attract the administration to the dialogue.
In addition to the Freeze on Coal, SNG and SRI have organized three other Creative Actions. In “No Coal: The MusiCoal” students burst into sudden song at the dining hall and then marched out together singing, “Hi ho, hi ho… We want no more coal” to the tune of the Seven Dwarfs song. The next week the Cirque du Coaleil made an appearance, presenting the “marvelous spectacle of the Disappearing Endowment.” Students paraded through the dining hall, juggling, doing acrobatics and “searching” for the invisible endowment. This past week a pair of students stood blindfolded stirring a pot of “Endowment Soup” and ranting about how environmentally friendly Middlebury is while “Coal Goblins” threw in pieces of coal into the pot, “contaminating” the endowment.
Hopefully this effort to publicly expose the inconsistency between Middlebury’s mission and its investment practices will draw enough attention that students, faculty and administration all recognize the importance of the issue and work collaboratively to “clean up” the endowment. In the meantime, though, these students are having a blast.
Amherst College CIR voted proxies for the first time this year.
Barnard College The Barnard Committee on Socially Responsible Investing is currently working to redefine its mission and re-evaluate its raison d'etre in light of its endowment no longer being managed in house. The Committee is working to develop several over-arching principles that will focus and guide its activities and pursuits in the near future.
Brown University students will begin managing a $30,000 SRI fund that will invest in stocks and mutual funds. If it does well, the school will commit $20,000 more after two years. The money is coming from Brown's annual operating budget, and the students have relative autonomy over their investment decisions, although the investment office will have veto power. The first informational meeting is April 7, and hopefully they'll make our first investment in September.
Columbia University students wrote proxy voting guidelines and prepared a community investment proposal as part of a service learning course organized by the chair of their CIR. They are currently looking to file a resolution this fall and have formally launched a REC campus chapter.
DePaul University students are continuing to pressure the school to adopt weighing an RI policy as part of their Fair Business Practices Committee.
Dickinson College students are holding educational events to elicit greater student support. They continue to work on proxy voting and building a paper portfolio.
Drew University SDS won a CIR this spring to be instituted this fall.
Grinnell College Grinnell College students are again preparing to submit a proposal for an officially sanctioned RI committee along with recommendation to trustees on proxy resolutions. They are also working an awareness campaign around community-based credit unions.
Green Mountain College Students in the course Public Policy & the Environment elected to write an SRI policy as their big policy assignment this semester. The Campus Sustainability Council recently approved our formal policy request to the class. The policy will focus on establishing endowment transparency and forming a CIR. This doesn't mean the school will adopt the policy, but we're hopeful. and should know by the start of the fall semester as the cabinet and trustees will vote on the students' policy during the summer break.
Hampshire College students pressured their administration to divest from a mutual fund containing six US corporations that directly benefit from the Israeli occupation of Palestine. The administration then took to the media to deny the success of the student movement. The full story is available at www.hsjp.prg. The school also received a $500,000 donation to be invested by students according to Hampshire’s SRI policy. Students hope to pursue community investment options for this fund as well.
Haverford College CIR is voting proxies and researching the resolution filing process.
Harvard University students held a well-attended responsible endowment event in February and are continuing to pressure the school to respond to HEI’s labor abuses.
Hofstra University students are negotiating with their administration to introduce an RI policy for the endowment.
Loyola University of Chicago CIR co-filed a shareholder resolution on country selection at Chevron. This resolution is primarily focused on human rights abuses and specifically seeks to target Chevron’s presence in Burma. Loyola is also co-hosting an SRI conference in March with REC and the Interfaith Center for Corporate Responsibility.
Macalester College students are working on a campaign to engage companies involved in coltan extraction (the mineral used in cellphones and laptops). You can reach them at firstname.lastname@example.org. Additionally students are working to pass a transparency proposal that would give all of the Macalester community access to the school’s proxy voting records and a list of all investments, not just direct holdings.
Massachusetts Institute of Technology students continue to push for a permanent CIR. Read more at http://www-tech.mit.edu/V128/N38/acsr.html.
Middlebury College CIR is working on proxy voting guidelines and hopes to meet with the fund manager who invests their money to determine a process for voting on the whole endowment. They are also pushing the school to sign onto the UN Principles of Responsible Investment.
Mount Holyoke College students recently met with their administration after proposing their final investment in a Community Development Financial Institution in Worcester. Due to poor mutual fund performance the students are fundraising in order to meet the minimum requirements for this final investment, mostly by asking alumnae to donate. The students are also lobbying for a password-protected site that would allow the campus community to find information about investment managers and top holdings. They plan to introduce a proposal integrating community investment into the endowment by fall 2009.
New School University students won their CIR this December after a two and a half day occupation of the school’s signature Greenwich Village building. The full story is available at www.newschoolinexile.com and www.newschoolinexile.blogspot.com. They have since hosted several events to educate themselves and the campus community about how a CIR will work as part of their efforts to bring greater democracy and community accountability to the school. They are also working on a community investment proposal.
New York University students unsuccessfully pushed for an RI policy and CIR with a two day occupation in February. Full details at www.takebacknyu.com and for commentary http://nyulocal.com/on-campus/2009/02/23/the-7-errors-take-back-nyu-made-in-their-occupation/comment-page-1/#comment-9404
Pomona College CIR is busy developing process for increased shareholder engagement and other RI tools.
Princeton University students continue to push for an RI policy that includes addressing the school’s role in supporting HEI’s poor labor practices. Read more at
Rice University students have launched a campaign for an RI policy. Read more at http://media.www.ricethresher.org/media/storage/paper1290/news/2009/03/13/Opinion/Endowment.Must.Be.Handled.Responsibly-3670776.shtml
Sarah Lawrence College students have launched a campaign for a responsible investment policy.
Seattle University The Seattle University Committee on Responsible Investment is organizing an interdisciplinary Northwest Sustainability Conference which incorporates education around socially and environmentally responsible investment and revolving loan funds. They have recently started a campus Revolving Loan Fund for Sustainability Projects and oversight committee as a sub-group of the CRI and are in the process of proposing the incorporation of a new RI policy for their endowment which includes a sustainability clause and increased investment in microfinance and community investment.
State University of NY Stony Brook students are working on a divesting from war profiteers and getting the school to adopt an RI policy.
Tufts University Students at Tufts for Investing Responsibly (STIR) won a meeting with their administration after increasing their visibility by involving alumni, staff, and a securing passage of a student government resolution. That meeting resulted in increased communication and good feelings between the administration and the existing CIR. STIR continues to advocate for increased transparency and a broader committee representation while acknowledging the administration’s concessions. http://www.tuftsdaily.com/tufts_behind_on_endowment_transparency-1.1598792 and http://www.tuftsdaily.com/endowment-transparency-allows-students-to-encourage-socially-responsible-investing-1.1600757
University of California student Regent D’artagnan Scorza has successfully presented revised proxy voting guidelines to the investment committee that students wrote as part of a Proxy Guidelines Working Group. The school is now looking into proxy voting services and researching the additional administrative costs of maintaining an RI policy.
University of California-Berkeley Members of the student government and the Graduate assembly have developed a strong and detailed draft proposal and presented it to the administrators of the UC Berkeley endowment as well as a vice-Chancellor. Their initial response has been welcoming, and they have agreed to meet with us soon to enter negotiations.
University of California-Los Angeles Students are working out of the Undergraduate student government president’s office to create a CIR at their campus foundation. They have submitted a proposal to the chair of their Board of Director’s executive committee and will present it formally in April. The campaign was also recognized by thepeoplespeak.org, a UN Foundation, and awarded a $500 mini-grant to assist the project.
University of Houston students are collecting signatures from the community to petition the UH administration in an ongoing campaign to pressure the school to divest from Sudan. More information at www.uhdivest.org.
University of Michigan have met with their administration to propose an RI policy and are building support in their community as they work out the details. Read more at http://www.michigandaily.com/content/2009-03-18/standing-investors and http://annarborchronicle.com/2009/03/22/students-press-um-on-tuition-sustainability/
University of Michigan-Dearborn Students for Socially Responsible Investing (SRI) have made great progress since the REC conference in October of last year. HEI: We attended an event in Ann Arbor for the HEI campaign, held a small-group screening of the documentary from UNITE HERE and continue to collect postcard signatures to be sent to our university’s CFO. Gaza: We are currently working with Amnesty International to host a call-in/write-in day where students will be encouraged to call and write to their congressmen regarding their inexcusable response to the situation in Gaza. Divestment: We, along with a couple other orgs, are also pursuing a new divestment resolution (to divest from companies that benefit from illegal Israeli occupation) that calls on the support of all registered student organizations on campus. Proxy voting: Most recently, we have been in contact with students from the Ann Arbor campus that are working on passing a resolution to allow proxy voting on social, political and environmental issues. We hope to join their efforts in the near future and continue collaborating with other clubs on campus to promote socially responsible investing.
University of North Dakota Students for a Democratic Society have launched a campaign for an RI policy especially targeting greening the endowment.
University of Rochester Alumni at the University of Rochester are again submitting requests for proxy votes to the University Investment Committee. They are also working with students to support their campaigns, and are looking to work with other Alumni groups around the country. SDS has also launched an Israeli occupation of Palestine divestment campaign and continues to pressure the administration to adopt a stronger RI policy. More at http://www.rightsidenews.com/200902133650/culture-wars/university-officials-struggle-to-explain-israeli-divestment-moves.html
University of Vermont students are working with their SRI working group to push for a stronger RI policy. They are preparing a presentation for the leader member of the group who is also on the Board of Trustees Investment Committee. They are also beginning to educate the student body about RI. http://socialistworker.org/2009/04/23/uvm-students-occupation
University of Virginia students met with student council leadership and are soon meeting with a faculty committee on sustainability to build support for an RI policy.
Washington University of St. Louis Students have launched a campaign for greater endowment transparency.
Wellesley College students are pushing the school for greater transparency in investment decisions and investigating what kind of policy would best fit.
Wesleyan College Wesleyan's Board of Trustees approved the creation of a Committee for Investor Responsibility (CIR) last spring. The CIR will expand on Wesleyan's current Endowment Advisory Committee, which is all students, by adding faculty, staff, and alumni. Students are currently working with the Investment Office and members of the Board to finalize the committee's charter and get it moving in time for proxy season!
Yale University students have developed a process and determined advisors for the Dwight Hall student-managed SRI fund. They continue to push the school to take action on HEI’s poor labor practices.
A campaign is like a complex game of chess...
L to R: Olivia, Mary, Greg, Josh, Angie and Max
REC is accepting applications for 4 part-time Student Organizers, please go to the Jobs page under About Us to learn more about the position and for the application! For more information, please contact Organizing Director Cheyenna Weber at email@example.com, or 917.930.0123. Thank you.