| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 63.30 |
| Liaison | Emily Vollmer |
| Submission Date | March 19, 2013 |
| Executive Letter | Download |
Virginia Tech
PAE-18: Positive Sustainability Investments
| Status | Score | Responsible Party |
|---|---|---|
|
0.43 / 9.00 |
John
Cusimano University Treasurer and Associate Vice President for Finance Virginia Tech Foundation |
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indicates that no data was submitted for this field
None
Total value of the investment pool:
584,549,859
US/Canadian $
None
Value of holdings in sustainable industries, such as renewable energy or sustainable forestry :
0
US/Canadian $
None
Value of holdings in businesses selected for exemplary sustainability performances:
0
US/Canadian $
None
Value of holdings in sustainability investment funds, such as a renewable energy investment fund:
0
US/Canadian $
None
Value of holdings in community development financial institutions (CDFIs):
8,324,000
US/Canadian $
None
Value of holdings in socially responsible mutual funds with positive screens:
0
US/Canadian $
None
A brief description of the companies, funds, and/or institutions referenced above:
The university-related Virginia Tech Foundation has allocated 3% of its endowment fund to Program Related Investments (PRI) to advance the programmatic goals of the institution. In this particular case, the goal is to identify local and regional companies (community development financial institutions) for the endowment to invest in, which are underserved by conventional lending institutions. Ultimately, this promotes employment opportunities and advances the technology transfer and commercialization of university research.
As of December 31, 2012, the Foundation has an NAV of $8,324,000 invested in PRI’s.
None
The website URL where information about the institution’s sustainability investment activities is available:
Data source(s) and notes about the submission:
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The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.