RESPONSIBLE ENDOWMENTS COALITION www.endowmentethics.org

As we welcome our talented new Executive Director, Marcie Smith, to the Responsible Endowments Coalition this month, we are also sending off an extraordinary colleague. On behalf of the board, I want to recognize Dan Apfel and express our deep gratitude for his leadership and many accomplishments as REC’s Executive Director.

For five years, Dan has helped bring together students and campus communities to harness the power of institutional endowments to support sustainability and social justice.

Under Dan’s leadership, the Responsible Endowments Coalition, working with our partners, has made substantial headway. We have worked with students to build a network that can respond to urgent issues like land grabs in Africa and the Koch Brothers trying to buy the LA Times. We have had major shareholder victories at JPMorgan Chase and Sallie Mae. And we have supported and incubated - with training, organizing, and expertise - the growth of the fossil fuel divestment and reinvestment movement on campus, which has spread to over 400 U.S. campuses.