SOCIALLY RESPONSIBLE INVESTING

 

The Fund strives to have investments that advance and are consistent with its programmatic goals.

 

To that end, the portfolio will seek to exclude investing in corporations that generate a material portion of their revenues (greater than 5-10%, depending on the availability of revenue stream data for the company in question) from:

• Gambling products or services

• Tobacco products or services  

• Producing nuclear power

• Mining or processing uranium

• Mining gold

• Production or sales of weaponry

 

In addition, a committee of the Family Fund may review portfolio holdings and exclude investments in companies involved in other areas not aligned with the Family Fund’s objectives. Whenever possible, investments will be sought in corporations that favor the protection of the environment, diminish the effects of pollution and that implement environmentally appropriate practices. The fund favors companies that have adopted codes of conduct to guide their policies, programs and operations in the areas of human rights, just wages and safe working conditions, child labor, forced labor, freedom of association, and the environment.

 

In order to further align the Family Fund’s investment portfolio with its vision and objectives, the Fund will proactively work with other investors to engage companies through dialogue and shareholder resolutions on priority issues. The Fund will vote shareholder proposals on proxies of companies in the portfolio with guidance from respected investment managers, currently Boston Common, Walden, and Generation, or other organizations such as As You Sow. The Fund will abstain from voting on a proposal if there is insufficient guidance to cast an informed vote.