Dartmouth College, Harvard University, Stanford University and Williams College received the highest overall grades for performance of the investment policies and practices of their endowments in the first-ever College Sustainability Report Card, issued todayby the Sustainable Endowments Institute.
The institute evaluated the performance of the 100 largest college and university endowments — 66 private institutions and 34 public institutions in the U.S. and Canada with combined assets of $258 billion — on seven factors, including investment priorities, shareholder engagement, endowment transparency and environmental issues.
The endowments of the four schools received an A-, the highest grade awarded in the overall category.
Most of the institute's study was funded by the Rockefeller Brothers Fund, New York, said Mark Orlowski, founder and executive director of the Sustainable Endowments Institute. Jessie Smith Noyes Foundation, New York, among other donors, helped fund the study.