Call for IEN Members to Sign On to the Belonging Pledge – A Commitment to Advance Racial Equity
IEN is pleased to partner with Confluence Philanthropy to support the 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.
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 [email protected].
SIGNATORIES:
We encourage endowments and other investors to join over 100 signatories and partners listed below representing $1.88 Trillion in AUM in committing to the pledge and putting racial equity on your investment committee agenda (see full list of signatories). If you would like to sign on to the pledge, please email us at [email protected].
3x5 Partners
45North Partners
Abacus Wealth Partners
Adasina Social Capital
Agility
Aiim Partners
AJL Foundation
Align Impact
Amalgamated Bank
Angeles Investment Advisors
Antonique Smith
Aprendamos-Covarrubias Family Foundation Fund
Arborview Capital
Arizona State University Enterprise Partners
Arjuna Capital
Athena Capital
Avivar Capital
Ballentine Partners
Bivium Capital Partners
Blended Value Group
Blue Highway Growth Capital
Babcock Consulting
Bonwood Social Investments
Boston Common Asset Management
Boston Impact Initiative
Boston Trust Walden
Breckinridge Capital Advisors
Bronze Investments
Bushnell-Kessel Giving Fund
The California Endowment
California State University, Dominguez Hills
The California Wellness Foundation
Calvert Impact Capital
Cambridge Associates
Capital for Change
Capricorn Investment Group
The Caprock Group
Capshift
Catalyst at Large
Ceniarth LLC
Change Finance
City Light Venture Capital
Clean Yield Asset Management
CNote
Cogent Consulting PBC
The Conduit Connection
Commonfund
Community Capital Advisors
Community Capital Management
Community Credit Lab
Community Investment Management
Community Reinvestment Fund
Compton Foundation
Congruent VC
Cornerstone Capital
Christensen Family Foundation
Craig Young Family Foundation
Croatan Institute
CSFund
The David Rockefeller Fund
Dietel and Partners
Domini
East Bay Community Foundation
EcoEnterprises Fund
EFM Investment and Advisory
Energy Foundation
Equivico
Fair Food Network
Felix Family Foundation
FFI
Figure 8 Investment Strategies
First Affirmative Financial Network
Flat World Partners
Fresh Pond Capital
Friends Fiduciary Corporation
Fund for Democratic Communities
The Fund for New Jersey
Gary Community Ventures
Generation Investment Management
Global Endowment Management (GEM)
Godeke Consulting
Gratitude Railroad
Green Alpha Advisors
Green Retirement, Inc.
GRID 202 Partners
Grove Foundation
HCAP Partners
High Noon Advisors
Honeytree Investment Management
Horizons Sustainable Financial Services
ICA Fund Good
Ides Capital
Impact America Fund
Impact Assets
Impact Shares
Impax Asset Management
Inclusive Prosperity Capital
Integrated Capital Investing
Interfaith Center on Corporate Responsibility (ICCR)
Invesco
Investor Advocates for Social Justice
Investure, LLC
i(x) investments
J Aduke Consulting
Jantz Management LLC
Jessie Smith Noyes Foundation
John Merck Fund
Jonathan Rose Companies
JumpScale
KBI Global Investors
Laird Norton Family Foundation
Libra Foundation
Local Initiatives Support Corporation (LISC)
Local Invest New Mexico
Low Income Investment Fund (LIIF)
Lupoff Friends and Family Interests LLC
Marigold Capital
The Mary Reynolds Babcock Foundation
Mennonite Education Agency Investment Fund
The Mighty Arrow Family Foundation
Mission Driven Finance
Montcalm TCR LLC
Morgan Family Foundation
MOZAIK Philanthropy
MultiGreen Properties, LLC
Nathan Cummings Foundation
Natural Resources Defense Council (NRDC)
Natural Investments
New Energy Nexus
New U Venture Partners
Nia Community Fund
Northfork Financial
Northlight Foundation
North Berkeley Wealth Management
Northstar Asset Management
Ocean Foundation
Omniresearch Group
Pathstone
Patagonia Tin Shed Ventures
Penney Family Fund
Pratt Institute
Rally Assets Inc.
Reinventure Capital
Renewal Funds
Rethink Education
Reynders, McVeigh Capital Management, LLC
Roanhorse Consulting
Robert & Patricia Switzer Foundation
Rockefeller Brothers Fund
Rockefeller Philanthropy Advisors
Root Capital
Roy and Patricia Disney Family Foundation
RSF Social Finance
The Russell Family Foundation
San Francisco Foundation
The Sapelo Foundation
Scherman Foundation
The Schmidt Family Foundation
Sierra Club Foundation
Singing Field Foundation
Solidago Foundation
Social Impact Capital
Sonen Capital
Southern Reconstruction Fund
Springcreek Foundation
SRI Wealth Management Group, RBC Wealth Management
Strategic Investment Group
Sunwealth Power
SustainVC
Syntrinsic Investment Counsel
Terra Alpha Investments
Tiedemann Advisors
TIFF Investment Management
Thomas Scattergood Behavioral Health Foundation
Threshold Foundation
Trillium Asset Management
Turner Impact Capital
UpSpring
Uprising
Veris Wealth Partners
Wallace Global Fund
Warren Wilson College
Warsh-Mott Legacy
Wege Foundation
Westfuller Advisors
Wetherby Asset Management
Whistle Stop Capital
William Caspar Graustein Memorial Fund
Winthrop Rockefeller Foundation
Wireframe Ventures
Woodcock Foundation
Zeal Capital
Zevin Asset Management, Inc.
PARTNER NETWORKS
Diverse Asset Managers Initiative (DAMI)
GenderSmart
Hip Hop Caucus
Impact Capital Managers
Intentional Endowments Network
Investor Advocates for Social Justice
Native Women Lead
Net Impact
Social Venture Circle
The ImPact
U.S. Impact Investing Alliance
USSIF