Becker’s positive social impact highlighted in case study, news article
Published on: February 25, 2020
Becker College’s social impact investment strategy is highlighted in a case study by the Intentional Endowments Network, and was featured in a story about the report by the Worcester Telegram & Gazette.
Since 2017, Becker has adhered to a 100 percent social impact goal for its endowment. The strategy, mandated by the College’s Board of Trustees, has focused on making a positive impact on the social, environmental, and economic sectors.
At the time, Becker was one of the first institutions of higher education in the country to invest its full endowment towards positively impacting social justice and the environment.
As the report notes, while the decision was made to support Becker students’ growing interest in protecting the environment and addressing climate change, the College has also seen a positive impact financially.
According to David Ellis, Becker College’s executive vice president and chief financial officer, since the strategy was fully implemented, Becker’s portfolio returns have grown from 20.3% to 21.3%, while risk has decreased from 11.3% to 8.1%.
To read the Worcester Telegram & Gazette story about the report, go to Case study: Becker shows colleges can take responsible investing to the bank. To read the report, go to https://www.intentionalendowments.org/financial_performance_of_sustainable_investing.