Establish endowment transparency at Iona

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Background Information

Iona's endowment fund is 110 million USD as of 2015. Our goal is to create endowment transparency, which would entail Iona College disclosing where it invests its endowment fund. As the fund is so large, Iona's investments make an impact within these industries.

Source (IRS 990)

 

Demanding Increased Financial Transparency

It is our job as students, faculty and alumni to hold our school accountable. It is imperative for the future of our planet that we divest in fossil fuels, and begin investing responsibly. Iona lists that a "dedication to responsible stewardship of human, physical, financial, and environmental resources" is one of their key values. Also among these values is an encouragement for transparency, citing that Iona has a "commitment to compassion, transparent decision-making, and accountability". 

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Our Goal for Iona

  • Investing in renewable energy funds, community development financial institutions, or on-campus water/energy-efficiency projects
  • Using investment managers or policies that consider environmental factors
  • Offering donors the option to direct their gift to an investment fund that considers sustainability factors

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Further Readings

  



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