May 13, 2004
Groups Urge Institutions to Invest Responsibly
Two groups have been formed to encourage socially responsible investing by endowment-holding nonprofit institutions.
Students and alumni from 27 colleges and universities -- including Harvard University and the University of Virginia -- founded the Responsible Endowment Coalition last month. Made up mostly of students at institutions with a total of more than $82-billion in assets, the coalition was formed as a clearinghouse for information on proxy voting by shareholders
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