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Church fund endowment goes 100% fossil fuel free

Massachusetts Conference of the United Church of Christ, Framingham, has moved its $10 million in endowment assets into the United Church Funds Beyond Fossil Fuels Balanced Fund.

"We invest 100% with United Church Funds," Dawn Hammond, associate conference minister for policy and finance at MACUCC, said.

The Beyond Fossil Fuels Balanced Fund is a global equity fund that does not invest in any fossil fuel companies.

MACUCC had allocated a part of its assets to the Beyond Fossil Fuels fund as a seed investor three years ago. The size of that investment, and the other funds in which MACUCC previously invested, was not immediately available.