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Non-profit

Responsible Endowments Coalition

Website:

www.endowmentethics.org/
Location:

BROOKLYN, NY
Tax ID:

20-3257916
Tax-Exempt Status:

501(c)(3)

Budget (2016):

Revenue: $283,096
Expenses: $474,409
Assets: $84,372
Formation:

2003
Chairman:

Annie McShiras

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]

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. [5]

Finances

In 2018 REC received $44,144 in total revenue,[6] incurred $39,351 in expenses,[7] and possessed $31,716 in net assets after accounting for all liabilities. [8]

Leadership

Annie McShiras was the chairman of the Responsible Endowments Coalition. [9] While sitting as chairman, McShiras was also an investment associate at a credit union. [10]

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. “Mass Incarceration” Responsible Endowments Coalition. https://www.endowmentethics.org/mass_incarceration ^
  6. “Return of Organization Exempt from Income Tax” Guidestar.org. Accessed January 30, 2021. Part I. Lines 1-9. ^
  7. “Return of Organization Exempt from Income Tax” Guidestar.org. Accessed January 30, 2021. Part I. Lines 10-17. ^
  8. “Return of Organization Exempt from Income Tax” Guidestar.org. Accessed January 30, 2021. Part I. Line 2. ^
  9. “Mathew Welch” Sustainable Accounting Standards Board. https://www.sasb.org/about/staff/ ^
  10. “Annie McShiras” Board of Directors. https://www.endowmentethics.org/board ^
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: September 1, 2005

    • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2016 Dec Form 990 $283,096 $474,409 $84,372 $71,352 N $256,280 $24,350 $145 $63,281 PDF
    2015 Dec Form 990 $405,054 $512,927 $223,340 $19,007 N $401,146 $1,600 $227 $67,500 PDF
    2014 Dec Form 990 $487,619 $460,542 $341,244 $29,038 N $483,336 $2,543 $382 $67,666 PDF
    2012 Dec Form 990 $450,619 $282,779 $296,620 $12,888 N $436,189 $13,556 $412 $55,000 PDF
    2011 Dec Form 990 $244,160 $241,732 $125,389 $9,497 N $228,826 $14,937 $397 $47,500 PDF

    Additional Filings (PDFs)

    Map image for Responsible Endowments Coalition

    Responsible Endowments Coalition

    33 FLATBUSH AVENUE FL 5
    BROOKLYN, NY 11217-1101