Responsible Endowments Coalition, an activist network formed this year to promote socially and environmentally responsible investment at university endowment funds, has spawned advocacy groups at 27 universities across the country.
The schools represented by the groups have $82 billion in total endowment assets.
REC — whose website is www.sriendowment.org — expects to raise the number of schools to around 40 this fall, said Mark Orlowski, a co-founder of the coalition.
The coalition, founded by students, alumni and faculty at five colleges and universities, isn't officially sanctioned by the schools. The coalition plans to host in October a conference on responsible endowment investing, at the Wharton School, University of Pennsylvania, Philadelphia, which is sponsoring the event, he added.
"Our goal is to be a mentor and resources for these (campus) groups so they can be as effective as possible in their campaigns," he said.