The VSU Foundation knows more than 98% of climate scientists,
and also sneers at former divestment from tobacco and apartheid companies.


Nevermind that

fossil fuel divestment is going faster than either of those.
Is it good fiduciary responsibility to stay invested in the stranded investments
of fossil fuel stocks while

solar stocks are skyrocketing?
Is this really how to encourage people to

give to VSU?
Is that how

the alumni
want their investments used?

Seen today on

S.A.V.E.’s facebook page,

VSU Foundation’s response
to

S.A.V.E.’s fossil fuel divestment request:

October 29, 2013

Danielle Jordan, President

S.A.V.E.

Valdosta State University

Dear Ms. Jordan,

The Investment Committee of the VSU Foundation Board of Trustees has
reviewed the request from your organization that securities issued
by companies engaged in the production of fossil fuel energy be
excluded from the foundation’s endowment portfolios. Compliance with
your well-intentioned request is impractical for a number of reasons
and perhaps even a breach of the fiduciary responsibility that all
of our trustees take very seriously.

The various VSU Foundation endowment portfolios are managed Continue reading →