Your College's Endowment Is Probably Supporting Shady Businesses

A new report shows that only 18 percent of America's colleges have socially conscious criteria for investing their massive stockpiles of money.

A generation ago American college students successfully pressured their schools to divest their multimillion-dollar endowments from apartheid South Africa, which helped bring an official end to the racist policies and proved to the world that economic sanctions work. However, despite being pioneers in socially responsible investing, a new report from the Investor Responsibility Research Center Institute and the Tellus Institute reveals that when it comes to investing based on environmental, social, and corporate-governance goals, the nation's colleges and universities are no longer leading the way.

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