April 12, 2016
It is our pleasure to announce the formal launch of the Intentional Endowments Network (IEN) – a peer network designed to support endowments in exploring ways to align investments with institutional mission, values, and sustainability goals in order to ensure the best long-term financial returns.
After an eighteen-month pilot phase, IEN launched last month with nearly 80 Founding Members including higher education endowments, foundations, non-profits, and industry leaders. This effort is designed to complement and enhance your leadership to prepare society for the complex challenges of the 21stcentury through education, research, operations, and community engagement.
Founding Members include: Arizona State University, the ASU Foundation, Becker College, The California State University, Calvert Investments, Carleton College, Hampshire College, Hanley Foundation, Lane Community College, Litterman Family Foundation, Middlebury College, Portland State University, San Francisco State University Foundation, Wallace Global Fund, UBS Asset Management, University of Maine, and the University of Massachusetts Foundation.
We encourage you to join us! Regular membership enrollment is now open to endowments, foundations, investment firms, corporations, non-profits, and individuals – all organizations and individuals playing a role in the investment ecosystem. For more details, visit www.intentionalendowments.org/membership
To support the development of intentionally designed endowments – that consider institutional mission, values, and sustainability risks and opportunities – the network facilitates peer-to-peer connection and learning, thought leadership, and collaborative action. The network explores practical options for administrators and trustees to successfully enhance their institutions’ approach to sustainable investment and address stakeholders’ concerns. A Steering Committee guides IEN’s work.
IEN is now substantially expanding its activities in 2016. The network will host interactive, action-oriented forums for senior decision makers in Chicago and San Francisco. It will develop strategies to enable endowments to support implementation of the Paris Climate Agreements, and a webinar series to inform endowments on industry developments. The network will publish articles and reports on sustainable investing topics such as fiduciary duty, shareholder engagement, financial performance, designed to quickly educate trustees and other decision makers on the issues related to sustainable investing.
We hope you will join us in this important and exciting work. For more details, please reach out to Anthony Cortese or Georges Dyer (contact info below).
Michael M. Crow, President, Arizona State University
Jonathan Lash, President, Hampshire College
Timothy P. White, Chancellor, The California State University System
Geeta Aiyer, CFA, President and Founder, Boston Common Asset Management and Member of the Board of Directors, Sierra Club Foundation
Robert Litterman, Litterman Family Foundation and Chair, Risk Committee, Kepos Capital, LP
About the Intentional Endowments Network
The Intentional Endowments Network (IEN) is a collaborative network advancing intentionally designed endowments through a variety of strategies – including ESG integration, impact investing, shareholder engagement – that will make a significant and critical contribution to creating a healthy, just, and sustainable society. It supports colleges, universities, and other mission-driven organizations in aligning their endowment investment practices with their mission, values, and sustainability goals without sacrificing financial returns. IEN is an initiative of The Crane Institute of Sustainability, a tax-exempt 501(c)(3) non-profit. It is coordinated by Georges Dyer and Tony Cortese and based in Boston, MA.
About the IEN Team: www.intentionalendowments.org/team