FOR IMMEDIATE RELEASE
The Crane Institute of Sustainability - Home of the Intentional Endowments Network - Expands Board with Two Key Additions
BOSTON, MA (June 27, 2018) – The Intentional Endowments Network (“IEN”) broadened its executive team with the addition of two new members to the Board of Directors of The Crane Institute of Sustainability (“Crane”), IEN’s organizational home. Both Sandra Urie, chairman emeritus of investment advisory firm, Cambridge Associates, LLC and Anthony Rust, chairman of the investment committee at the Warren Wilson College joined Crane’s Board in June. Collectively they bring nearly six decades of investment management experience and deep experience working with endowments on sustainability, impact, and mission-related investing.
“We are delighted that Sandy and Anthony have joined the Board” said Georges Dyer, co-founder and executive director of Crane and IEN. “Both bring extensive expertise and first-hand experience in helping endowments position themselves for long-term financial success by aligning investments with mission, values, and sustainability goals. Sandy and Anthony will be valuable additions to the Board, providing strong leadership, governance, and strategic direction for Crane and IEN as we continue to grow and expand our positive impact on society.”
Prior to being appointed as chairman emeritus in 2016, Urie led the firm as CEO for nearly 16 years. She joined Cambridge in 1985 and was appointed as the firm’s first COO. Outside of her experience at Cambridge, Urie serves on a number of boards including: Board of Directors of Stanford Management Company, Social Finance, Inc., the Plymouth Rock Company, and the Board of Overseers at the Boston Symphony Orchestra.
Anthony Rust also brings a wealth of private sector experience to Crane as a private equity investor, investment banker and impact investor. He currently serves as a partner and principal at Caribbean Private Equity Partners, a private equity firm focused on investing in private companies and renewable energy projects around the Caribbean Basin. Anthony also serves as the chair of the investment committee of Warren Wilson College’s endowment fund.
“Having Sandy and Anthony join the Board of the Crane Institute is another sign of the critical importance of the sustainable investing movement,” said Tony Cortese, co-founder and senior fellow of Crane. “Investors increasingly recognize that all investments have impact, the question is - are those impacts positive or negative for society? As long-term investors, representing purpose-driven institutions, endowments are particularly well-positioned to lead and benefit from investing in the shift to a healthy, just and sustainable economy.”
About the Intentional Endowments Network
The Intentional Endowments Network is a non-profit, peer-learning network advancing intentionally designed endowments – those that seek to enhance financial performance by aligning with institutional mission, values, and sustainability goals. Working closely with leading organizations the network engages leaders and key stakeholders from higher education, foundations, business, and nonprofits. It provides opportunities for learning and education, peer networking, convening, thought leadership and information exchange around a variety of strategies (e.g., ESG integration, impact investing, and shareholder engagement). The Intentional Endowments Network facilitates a sharing of knowledge through publications, events, webinars, working groups, and more. As of 2018, more than 45 asset owners and 75 investment managers, advisors, and outsourced CIOs have joined the network representing $25 billion and $9.9 trillion in assets, respectively. www.intentionalendowments.org
The Crane Institute of Sustainability is a tax-exempt 501(c)(3) non-profit dedicated to promoting leadership for sustainability. Crane works with organizations in the higher education, business, non-profit, and public sectors to promote a strategic approach to sustainability, and facilitate collaboration among organizations and across sectors to accelerate progress toward sustainability. Crane’s flagship initiative is the Intentional Endowments Network. www.cranesustainability.org
Principal, Intentional Endowments Network