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Northern Star | 'Red flag warning': NIU Foundation invests nearly $7 million in fossil fuels

DeKALB – Within the NIU Foundation’s top 16 investments – worth $2 million or more – in its $95.6 million endowment fund, an estimated 13% is invested in fossil fuel stocks. The Foundation’s top investments, amounting to $52.6 million of the total endowment fund, were examined and showed that nearly $7 million – or 13%...
United States Jack Tierney John Seitz Tom Sanzillo Dan Cohn Institute For Energy Economics

MacArthur and Ford divestment from fossil fuels the tipping point for foundations?

The worldwide divestment campaign has sought commitments from universities, corporations and other entities. Now, two of the biggest names in philanthropy — the Ford and MacArthur foundations — are reorienting their investments away from fossil fuels, a move that leaders of the divestment movement hope will prove to be a tipping point for the charitable world.
United States Glasgow City United Kingdom Emmah Tobin John Seitz Darren Walker

Fossil-Fuel Divestment Gains Momentum in Philanthropy

As a movement to divest from fossil fuel is gaining support among foundations, two of the biggest names in philanthropy — the Ford and MacArthur foundations — are reorienting their investments away from fossil fuels. Leaders of the divestment movement hope this will be a tipping point for the charitable world.
United States Emmah Tobin Ellen Dorsey John Seitz John Palfrey Ivo Welch

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