Colleges urged to invest in communities

In an effort to encourage U.S. colleges and universities to place more of their assets in investments benefiting underserved communities, the Responsible Endowments Coalition has published a free guide.

The step-by-step guide to market-rate community investments includes case studies and best practices from leading colleges and universities, as well as sample community-investment policies and portfolios.

“Such investment is a critical component of economic development and can greatly improve town-gown relations,” Morgan Simon, executive director of the coalition, says in a statement.

More than $2.71 trillion, or nearly one in nine dollars under professional management in the U.S., are managed using strategies that take into account environmental, social or governance issues.

And 16 of the top 20 U.S. universities, as ranked by U.S. News and World Report, are employing investment practices that take into account environmental, social and governance considerations.

The Social Investment Forum, an association of professionals and organizations committed to socially-responsible investing, is distributing the guide to its members.

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