Friends Fiduciary is a Quaker-affiliated non-profit financial investment firm focused on the left-of-center Environmental, Social, Governance shareholder activism movement, or ESG. It is based in Philadelphia. It has been active in the movement to divest from companies doing business with Israel.
Friends Fiduciary Corporation is a Quaker non-profit group that manages more than $480 million for 380 constituents. The organization leads shareholder advocacy on various social causes. 
The organization screens out firms that do not meet Quaker investing criteria on environmental, social and governance (ESG) and it engages shareholder resolutions and votes by proxy. 
The organization offers four funds: Quaker Growth & Income Fund, Quaker Green Fund, Quaker Index Fund, and Short Term Investment Fund. 
Friends Fiduciary says it is “the most active Quaker organization engaging in shareholder advocacy.” Friends Fiduciary has been part of the Religious Society of Friends since 1898. 
The organization claims to invest in companies with long term growth and avoids “highly leveraged and derivative driven investments.” 
In 2012, Friends Fiduciary withdrew more than $1 million in investments from several companies doing business with Israel. This included the technology company Hewlett-Packard and the utility company Veolia Environment. 
On the state level, the group signed onto a letter in 2019 with more than a dozen other groups urging the Pennsylvania legislature to enact laws reducing carbon emissions and increasing in-state investment into environmentalist energy. 
Friends Fiduciary also joined a coalition in 2019 urging New Jersey state lawmakers to pass a bill promoting the use of plug-in electric vehicles. 
The organization unsuccessfully tried to push Comcast to disclose more information about its lobbying and membership in trade associations and nonprofits. The shareholder proposal was voted down in 2019. 
The organization also joined in a shareholder resolution against Google, along with other left-of-center activist investor groups and some Google employees demanding the giant tech firm change policy areas that include racial and gender diversity. The resolution stated, “The tech diversity crisis threatens worker safety, talent retention, product development, and customer service.” 
In 2018, the organization successfully pushed the Dallas-based Atmos Energy to start disclosing more information about corporate spending on politics. “It’s important to have transparency around those expenditures to ensure the company is in line with its public statements to minimize reputational risk and misuse of funds,” said Kate Monahan, shareholder engagement associate at Friends Fiduciary, according to the Dallas Morning News. “A lot of times, shareholders might not know about a controversial trade association membership until they see it in the news.” 
The 19-member Board of Directors serves on a voluntary basis with no pay. Its members include chairman William Schmidt, vice chairman Bennett Lomax, treasurer Deborah W. Frazer, and secretary Bruce E. Hunt. 
Jeffery W. Perkins is the executive director of Friends Fiduciary Corporation.
Mimi Blackwell is the planned giving program manager. Eston Griffin is the director of business development and constituent relations. Richard Kent is the Chief Investment Officer. Kate Monahan is the engagement manager. Sandy Quinn is the finance director.