Eight Historically Black Institutions Join the Intentional Endowments Network Membership
Atlanta University Center Consortium, Dillard University, Florida Memorial University, Howard University, Johnson C Smith University, Lincoln University, Talladega College and UNCF to engage and learn alongside peer institutions to further sustainable investing and champion justice, equity, diversity, and inclusion in finance.
BOSTON, MA September 18, 2023 – The Intentional Endowments Network (IEN) proudly announces the expansion of its membership to include eight esteemed Historically Black Institutions: Atlanta University Center Consortium (comprised of Clark Atlanta University, Morehouse College, Morehouse School of Medicine,and Spelman College); Dillard University, Florida Memorial University, Howard University, Johnson C Smith University, Lincoln University, Talladega College, and UNCF (United Negro College Fund). In addition, IEN has initiated a working relationship with UNCF to further our work with HBCUs.
These leading institutions are now part of the growing peer learning network comprising over 250 endowed institutions and sustainable investing firms. IEN supports members in navigating the intricate landscape of sustainable investing and promoting justice, equity, diversity, and inclusion (JEDI) within the finance industry, to ensure that endowments have access to the full range of talent to deliver the strongest financial results possible to support the critical missions of these institutions.
Paris Prince, Director of JEDI at IEN shared the following reflection after participating in last month’s UNITE Conference, hosted by UNCF: “IEN’s contributions are helping to deliver on the promise of Black higher education. IEN’s presentation during the UNCF UNITE conference entitled 'Mission-Aligned Investing and Endowment Growth at HBCUs' inspired several institutions to commit to the learning journey of sustainable financial commitments.
I want to thank panelists Dorien Nunez, Angela Outlaw-Matheny, Roberta Lobo, and Hilda Pinnix-Ragland for a thoughtful conversation. It was also inspiring to collaborate alongside Dr. Michael Lomax, Diego Avilez, Julian Thompson and Dr. Kendra Sharp at the endowment panel and reception co-sponsored by IEN and S&P Global.
Mission-aligned investing and endowment growth are crucial components in ensuring the long-term sustainability and success of HBCUs. By aligning investments with the mission and values of these institutions, we can create a positive impact on both the educational experience of students and the broader society. Implementing sustainable strategies and policies means we can ensure that HBCUs are well-positioned to provide high-quality education and support to our students for years to come.”
“HBCUs have been longtime leaders in advancing a more just and equitable society - demonstrating that when we put these values first, everyone benefits,” said Georges Dyer, Executive Director of IEN. “We are honored to have these esteemed institutions join the Networks and look forward to their leadership in IEN’s work to support endowments in implementing mission-aligned investment strategies that drive positive change on society’s most vexing challenges, while reducing investment risk and enhancing financial returns.”
IEN membership equips institutions with access to relevant research and space for constructive dialogue that focuses on the unique characteristics that all endowments share: a long-term investment horizon with short-term spending requirements, diverse and wide-ranging stakeholders, and a responsibility to intergenerational equity. Benefits of IEN Membership include professional development resources, exclusive member networking, discounts to industry events, and access to advisory services. A full list of current members and information about membership may be found here.
This collective step forward exemplifies a shared commitment to transformative sustainable investing and reinforces IEN’s dedication to fostering meaningful dialogue, partnerships, and nurturing collaboration to shape the future of investment practices.
For a comprehensive list of IEN's members, please visit IEN’s website.
About the Intentional Endowments Network
The Intentional Endowments Network (IEN) is a peer learning network of over 200+ asset owners, asset managers, consultants, OCIOs, and nonprofit partners. An initiative of the Crane Institute of Sustainability, IEN works to advance the field of sustainable investing and encourage endowments and institutional investors to allocate capital in a way that creates a low-carbon, equitable, and regenerative economy. It does so through in-person and virtual convenings, resource development, and partnerships. IEN’s premier convening, the Higher Education Leadership Summit, will be held in Long Beach, CA February 11-13, 2024.
Contact:
Georges Dyer, Co-founder & Executive Director, Intentional Endowments Network & The Crane Institute of Sustainability