University of Idaho Endowment: Invest in Our Community

The Issue

Most schools' money is split into an operating budget and a pooled endowment fund. The endowment is invested and diversified into many different places and companies to create the largest amount of returns. In doing this, the goal is to maximize profits. The majority of the University of Idaho's pooled funds is within the over $359 million dollar Consolidated Investment Trust (CIT). The returns on investments from the funds is spread out over many mutual funds that then are used to fund undergraduate students along with University of Idaho graduate students, faculty, staff, etc. At the core, students are the direct beneficiaries of these returns. Therefore, in accordance with Idaho Statute (Title 68, Chapter 5, Sub-Section 505), we call upon the University of Idaho Consolidated Investment Trust Inc. and the University of Idaho to seriously consider, open public conservations, and listen to the interests of the direct beneficiaries of the endowment when deciding where to pool these funds. Specifically, we want to express out deep concerns with the current investments that currently are perpetuating and allowing for the further exploitation and continuation of injustice around the world, including: fossil fuel expansion and companies engaging in horrendous acts of human rights violations, global war, and modern slavery. In alignment with Idaho State Law, which states the following under the Loyalty section of the Uniform Prudent Investor Act: "A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries."

We sign on to let our voices be heard to the investment teams at the University of Idaho to seriously consider the viewpoints and opinions from us, the direct beneficiaries of these funds. Further, we demand for the University of Idaho to shift CIT investments towards investments and mutual funds that are equally invested in the prosperity of our community and state.

339

The Issue

Most schools' money is split into an operating budget and a pooled endowment fund. The endowment is invested and diversified into many different places and companies to create the largest amount of returns. In doing this, the goal is to maximize profits. The majority of the University of Idaho's pooled funds is within the over $359 million dollar Consolidated Investment Trust (CIT). The returns on investments from the funds is spread out over many mutual funds that then are used to fund undergraduate students along with University of Idaho graduate students, faculty, staff, etc. At the core, students are the direct beneficiaries of these returns. Therefore, in accordance with Idaho Statute (Title 68, Chapter 5, Sub-Section 505), we call upon the University of Idaho Consolidated Investment Trust Inc. and the University of Idaho to seriously consider, open public conservations, and listen to the interests of the direct beneficiaries of the endowment when deciding where to pool these funds. Specifically, we want to express out deep concerns with the current investments that currently are perpetuating and allowing for the further exploitation and continuation of injustice around the world, including: fossil fuel expansion and companies engaging in horrendous acts of human rights violations, global war, and modern slavery. In alignment with Idaho State Law, which states the following under the Loyalty section of the Uniform Prudent Investor Act: "A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries."

We sign on to let our voices be heard to the investment teams at the University of Idaho to seriously consider the viewpoints and opinions from us, the direct beneficiaries of these funds. Further, we demand for the University of Idaho to shift CIT investments towards investments and mutual funds that are equally invested in the prosperity of our community and state.

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339


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University of Idaho
University of Idaho
University of Idaho

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Petition created on November 16, 2023