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Investments

Our team has designed a custom portfolio for holding donations until your school divests. Until  a $500,000 threshold for that custom fund is reached, donations will be invested in fossil free Calvert mutual funds and a Fidelity cash reserve fund. See details below.

Calvert and Fidelity Funds

Before reaching the $500,000 minimum, the funds donated will be invested in fossil free Calvert Funds and a Fidelity Cash Reserves Money Market Fund. Click here for an article about the fossil free funds. Details about each fund can be found below.

After reaching the $500,000 minimum. The funds donated and not distributed will be invested in the following:

Vanguard Intermediate Term Treasury Fund (Admiral Shares)

The all-in management fees are 10 basis points (0.10%) for the Vanguard Intermediate Term Treasury Fund (Admiral Shares, Symbol VFIUX). 25% of the funds donated will be invested in the Vanguard Treasury Fund. Click here for description of the Vanguard Treasury Fund.

Custom Divestment Fund

The all-in management fees are 35 basis points (0.35%) for custom Divestment Fund. The custom Divestment Fund is a global index fund with very low tracking error to the MSCI All Country World Index (ACWI). 75% of the funds donated will be invested in the custom Divestment Fund.

The Divestment Fund negatively screens from the following industries per environmental, social, and corporate governance (ESG) practices:

  • Fossil Fuels – The fund excludes “Fossil Fuel Companies” comprised of the 200 companies listed in the most recently published version of The Carbon Underground 200 report; a quarterly-updated list of the 200 companies possessing the largest fossil fuel reserves in the world (in terms of carbon content), conducted by Fossil Free Indexes LLC (www.fossilfreeindexes.com). Additionally, the fund excludes the  energy sector of the MSCI Global Industry Classification Standard (GICS), which includes the sub-industries oil & gas drilling, oil & gas equipment & services, coal & consumable fuels, integrated oil & gas, oil & gas exploration, oil & gas storage & transportation, and oil & gas refining & marketing.
  • Alcohol -Based on the MSCI GICS, the fund excludes the entire sub-industries of Brewers and Distillers & Vintners.
  • Adult Entertainment – Any company earning 5% or more of their revenue from adult entertainment is excluded.
  • Casinos and Gambling – Based on the MSCI GICS, the entire sub-industry of Casinos and Gaming are excluded. Also excluded are any companies earning 5% or more of their revenue from gambling activities.
  • Defense/Armaments – Based on the MSCI GICS, the fund excludes the entire sub-industry Aerospace & Defense. Additionally excluded are any companies earning 5% or more of their revenue from nuclear weapons and conventional weapons.
  • Tobacco -Based on the MSCI GICS, the fund excludes the entire sub-industry Tobacco.

The Divestment Fund positively screens for investment in the following industries per ESG practices:

  • Renewable Electricity