12.18.2006

The Endowment

Is it possible to try and influence how the endowment as a whole is invested?
John Chandler, writing as president of Williams College, asserted that "As an investor Williams is in some measure responsible for the behavior of the companies in which it invests." link And "...the College through its Trustees has a right to expect companies in which it owns shares to follow business policies and practices in their foreign and domestic operations that are broadly consistent with the moral and social ideals of American society."

Of course we do have the Advisory Committee on Shareholder Responsibility which has student input on proxy voting and does research on companies, but it certainly isn't a tool for big change.

There is also a very small Williams Social Choice Fund which was met with mixed reviews by David Kane. The full story of that fund's creation can be found here.

As Mark Orlowski '04 says, "We seek to advance the alignment of shareholder practices with educational missions". link

Is this an area we could work for meaningful change, or is this a dead end of financial conservativeness?

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