On Wed, Oct 15, 2014 at 10:30 AM, Marc A. Pelletier <marc(a)uberbox.org>
wrote:
On 10/15/2014 04:52 AM, Federico Leva (Nemo) wrote:
I suggest that you need a stricter definition to
start with.
It's also highly disputable that the Foundation would be justified in
reducing the fiduciary care it must employ in its investment strategy
for a set of ill-defined objectives that fall entirely outside its
mission - no matter how agreeable those objectives may be to many of the
volunteers.
-- Marc
I'm not a natural fan of "divestment ethics", but I don't know
that there
is much dispute these days that it is possible to fulfill fiduciary duties
*and* invest using values / ethics oriented strategy. Twenty years ago
perhaps it was uncommon, but today ethical (or social responsibility)
investment strategy is common among non-profits and there are many
dedicated funds for the purpose.