University of Vermont

Investment Subcommittee announces a new "Alternative Endowment Fund"

January 13, 2014

On December 18th, 2013, the Investment Subcommittee rejected recommendations in the Socially Responsible Investing Advisory Council's report titled, "Energy Investments at the University of Vermont". In the decision from the Investment Subcommittee, members of the Board of Trustees emphasized the importance of shareholder proxy voting and noted the strong returns from the endowment in recent years.

A new "alternative endowment fund for future donations" was also announced in the press release following the decision. The press release stated that the alternative endowment fund is for "those who wish to have their gifts invested in non-fossil fuel sources." This fund will be available soon.

 

 

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