Recommendation to Explore a New Direction for the ALA Endowment Fund

The Social Responsibilities Round Table and Sustainability Round Table recommend that the ALA’s Endowment Trustees:

  • Conduct a new Request for Proposal (RFP) for investment consultants in order to better align the ALA Endowment Fund’s investments with ALA values.
  • Consider switching from Merrill Lynch and Clearbridge to a fund manager that recognizes the financial risk that fossil fuel stocks pose to the Endowment Fund.
  • Consider increasing the percentage of Environmental, Social and Governance (ESG) criteria for investments in the ALA Endowment Fund.
  • Consider the recent American Medical Association (AMA) divestment from fossil fuels as a model for ALA.

READ MORE HERE!