Responsible Endowments Coalition

The Responsible Endowments Coalition (REC) was a left-of-center environmental, social and corporate governance (ESG) organization that monitored the ESG commitments of university endowments. In 2018, the organization ceased operations and was in part incorporated into the Action Center on Race and the Economy Institute. ¹

At-A-Glance

Type: Non-profit, 501(c)(3)

Website: www.endowmentethics.org

Formation:

2003

Chairman:

Annie McShiras

Location: Brooklyn, NY

Tax ID: 20-3257916

Most Recent Filing: 2019

Budget (2019): Assets: $33,643 Revenue: $20,273 Expenses: $20,190

Contents

Environmentalism

In 2015 the Responsible Endowments Coalition, along with the Service Employees International Union (SEIU) and Croatan Institute, published a document titled “Action on Climate: A Guide for Fiduciaries.” The document pressed small and mid-sized institutional funds with between $300 million and $3 billion in assets to devote more resources to environmentalist causes and divest from oil and gas companies. ²

At its height, the Responsible Endowments Coalition was active across 400 college campuses, actively advocating that university endowments divest from fossil fuels such as coal, oil, and natural gas. ³

Opposition to Private Prisons

Responsible Endowments Coalition opposed and advocated for university endowments to divest from private prisons. ⁴ The organization was successful in pressuring Columbia University, the University of California System, and California State University – Los Angeles to divest from private prisons. ⁴

Finances

In 2018 REC received $44,144 in total revenue,⁵ incurred $39,351 in expenses,⁶ and possessed $31,716 in net assets after accounting for all liabilities. ⁷

Leadership

Annie McShiras was the chairman of the Responsible Endowments Coalition. ⁸ While sitting as chairman, McShiras was also an investment associate at a credit union. ⁹

Financial Statistics

Total Assets

Total Revenue

Total Expenses

Year	Total Assets	Total Revenue	Total Expenses	Filing
2019	$33,643	$20,273	$20,190	View
2018	$45,330	$45,144	$39,351	View
2017	$44,465	$141,470	$128,567	View
2016	$84,372	$283,096	$474,409	View
2015	$223,340	$405,054	$512,927	View

Prior year filings: 2014, 2012, 2011

Revenue Detail

Expenses Detail

Grant Activity

All-time grants received statistics from Candid dataset:

Total Grant Value: $1,409,725
Number of Grants: 66
Number of Funders: 25

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Financials, employee compensation, and grant information provided by Candid.

Mentioned in this Article

Associated Influence Networks

ESG Activism

ESG activism refers to individuals and organizations that advocate for Environmental, Social, and Corporate Governance (ESG) criteria as part of evaluating business operations. ESG considerations…

Associated Groups & People

References

1. “Mission and history” Responsible Endowments Coalition. https://www.endowmentethics.org/mission-history

2. “Action on Climate: A Practical Guide for Fiduciaries” Croatan Institute. https://croataninstitute.org/documents/Action_on_Climate_2015.pdf

3. “Thanks to Dan for 5 Years of Leadership!” Responsible Endowments Coalition. https://www.endowmentethics.org/thanks_to_dan

4. “Mass Incarceration” Responsible Endowments Coalition. https://www.endowmentethics.org/mass_incarceration

5. “Return of Organization Exempt from Income Tax” Guidestar.org. Accessed January 30, 2021. Part I. Lines 1-9.

6. “Return of Organization Exempt from Income Tax” Guidestar.org. Accessed January 30, 2021. Part I. Lines 10-17.

7. “Return of Organization Exempt from Income Tax” Guidestar.org. Accessed January 30, 2021. Part I. Line 2.

8. “Mathew Welch” Sustainable Accounting Standards Board. https://www.sasb.org/about/staff/

9. “Annie McShiras” Board of Directors. https://www.endowmentethics.org/board