Principal Investigator and Lead Author
Joshua Humphreys, Ph.D.Senior Associate, Tellus Institute, andLecturer, Harvard University
Christi Electris, Associate, Tellus InstituteYewande Fapohunda, Analyst, Tellus Institute,and MPP Candidate, Harvard KennedySchoolJustin Filosa, Assistant, Tellus InstituteJames Goldstein, Senior Fellow, TellusInstituteKatie Grace, Analyst, Tellus Institute, andSta Associate, Initiative or ResponsibleInvestment, Harvard Kennedy School
John K. Stutz, Ph.D., Senior Fellow and VicePresident, Tellus InstituteAllen White, Ph.D., Senior Fellow and VicePresident, Tellus Institute
Expert Advisory Panel
Dean Baker, Ph.D.Co-Director, Center or Economic andPolicy ResearchRichard Freeman, Ph.D.Herbert Ascherman Proessor o Economics,Harvard UniversityResearch Associate, National Bureau oEconomic ResearchSenior Research Fellow, Centre or EconomicPerormance, London School o EconomicsPeter Kinder, J.D.Senior Adviser, RiskMetrics GroupDavid Wood, Ph.D.Director, Initiative or ResponsibleInvestment, Harvard Kennedy School
This paper beneted rom data, inormation,and advice provided by numerousorganizations and individuals, including DanApel and Cheyenna Weber, ResponsibleEndowments Coalition; Appleseed, Inc.; JimBildner, Center or Applied Philanthropy;Richard S. Bookbinder, TerraVerde CapitalManagement LLC; Boston RedevelopmentAuthority; Commonund Institute; HarvardStudent Labor Action Movement (SLAM);Peter Hasegawa; Matthew Keenan,ProxyDemocracy; MIT Student-WorkerAlliance; Mark Orlowski, SustainableEndowments Institute; William Page, EssexInvestment Management Company LLC;Rich Rosen, Tellus Institute; Eric Schildge,Dartmouth Students Stand with Sta; JanetShenk, Panta Rhea Foundation; and HeidiWelsh, Sustainable Investments Institute.
Institutional aliations are listed or purposes o identication and do not constitute an endorsement or sponsorshipo the report or its ndings. Research orthis study was supported with unding rom the Center or Social Philanthropyat Tellus Institute and Service EmployeesInternational Union (SEIU), CTW, CLC.The opinions, ndings and conclusionsexpressed in this report are those o theCenter or Social Philanthropy at TellusInstitute and do not necessarily refect the views o SEIU, nor do they constituteinvestment advice.
© Center or Social Philanthropy,Tellus Institute 2010Revised May 27, 2010