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At their summer meeting, board members of the Prentice Foundation pondered the good news from the markets. Since the beginning of the year, their endowment had grown by nearly one-third, to reach $44 million.
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%...
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.
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.
A movement to divest from fossil fuel is gaining support among foundations as activists push for funding to be shifted away from coal, oil and natural