Investor Racial Equity Pledge

Call for IEN Members to Sign On to the 2020 Belonging Pledge – A Commitment to Advance Racial Equity 

IEN is pleased to partner with Confluence Philanthropy to support the 2020 Belonging Pledge.  Please see the details below, and consider making this easy but powerful commitment to put racial equity on the agenda of your next investment committee meeting.  For individuals who attended college or university, please consider sending this opportunity to your alma mater's investment office. 

 

BACKGROUND: 

The events of spring 2020 will be chronicled as the next milestone in the fight for racial justice and equality.  A global pandemic, resulting in unemployment for 40 million Americans, followed by yet another brutal death at the hands of police officers set off a wave of protests and civil unrest in more than 75 U.S. cities

In response, Confluence Members and partnering investor networks launched a pledge for racial equity called the Belonging Pledge, #2020belongingpledge.

The commitment recognizes that racial equity belongs throughout the investment process, in the investment committee meeting, and, ultimately, in how decisions are made about capital deployment. Achieving racial equity is typically presented as daunting, perhaps even unattainable for some minds. But change is possible with sincere commitment, clear goals, and measurable benchmarks. Most importantly, change must begin with a shift in the prevailing racially homogenous culture and exclusivity that ultimately perpetuates racial bias and inequity within the investment industry and investors’ portfolios.

Read more here.

 

CALL TO ACTION: 

“We commit to discussing racial equity at our next investment committee meeting. We will move our agenda forward on this. We will share our next steps and results (perhaps privately), so that we can help to identify industry-wide barriers and the technical resources required to advance the practice of investing with a racial equity lens.”

If you would like to sign onto the pledge, please email us at kaede@intentionalendowments.org

 

SIGNATORIES: 

We encourage endowments and other investors to join the 60 signatories listed below representing $145B in AUM in committing to the pledge and putting racial equity on your investment committee agenda this summer (see full list of signatories). If you would like to sign on to the pledge, please email us at kaede@intentionalendowments.org

Agility/ Perella Weinberg Partners *
Aimee Christensen
AJL Foundation
Align Impact
Amalgamated Bank
Arborview Capital
Breckinridge Capital Advisors *
Bonwood Social Investments
Boston Common Asset Management *
The California Endowment
The California Wellness Foundation
Cambridge Associates
The Caprock Group
CapShift
Change Finance *
CNote
Community Capital Management
Compton Foundation
Cornerstone Capital *
David Rockefeller Fund, The
Dietel and Partners
EcoEnterprises Fund
EFM Investment and Advisory *
Fair Food Network
FFI *
Fresh Pond Capital *
Generation Investment Management
Global Endowment Management (GEM) *
Green Alpha Advisors, LLC
Green Retirement, Inc.
Grove Foundation
Impact Assets
Impax Asset Management *
Jessie Smith Noyes Foundation
Libra Foundation
The Mary Reynolds Babcock Foundation
Morgan Family Foundation
Nathan Cummings Foundation
New Energy Nexxus
Nia Community Fund
Northstar Asset Management
Ocean Foundation
Reinventure Capital
Robert & Patricia Switzer Foundation
Rockefeller Brothers Fund *
Roy and Patricia Disney Family Foundation
RSF Social Finance
The Russell Family Foundation
San Francisco Foundation
The Sapelo Foundation
The Schmidt Family Foundation
Sierra Club Foundation *
Singing Field Foundation
Solidago Foundation
Sonen Capital
Sunwealth Power
Syntrinsic Investment Counsel
Terra Alpha Investments *
Tiedemann Advisors
Trillium Asset Management *
Veris Wealth Partners
Wallace Global Fund *
Warren Wilson College*
Wege Foundation
Whistle Stop Capital
William Caspar Graustein Memorial Fund
Woodcock Foundation
Zevin Asset Management, Inc.

(*) IEN member signatory 


Partner Networks

Blue Highway Growth Capital
City Light Venture Capital
Congruent VC
Gratitude Railroad
Impact Capital Managers
Intentional Endowments Network
Jonathan Rose Companies
New U Venture Partners
Social Venture Circle
The ImPact

 

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