Leading experts from across the denominational spectrum offer wisdom on socially-responsible investing.
Congregations and religious institutions are asking how to invest in their future and grow their endowed and invested funds, while also focusing on their values. This book will help religious leaders better understand all of the many issues and opportunities involved in making their investment choices reflect their faith-in-action. A unique collaboration of voices from multiple Christian denominations share their experiences, perspectives, and resources, making this book an invaluable guide for church leaders who want to feel more informed and empowered.
Topics include an explanation of the differences between SRI and ESG; crafting an investment policy; shareholder engagement; areas of investment such as diversity and womens empowerment; human rights; human trafficking; climate change; social justice; community engagement; and more. Faithful Investing offers action steps for church finance directors to make the world, nation, and their local communities healthier, more vibrant, and more equitable.
Arvustused
"Faithful Investing provides thoughtful insights and practical guidance from experts who daily navigate the multifaceted labyrinth of faith-based investing. The variety of approaches will assure congregations, organizations, and individuals at all levels of expertise and understanding that there are ways to synergize their resources and their heart-felt desires as followers of Jesus in ways that witness to the local, national, and global communities of which we are a part." Marcia Shetler, Executive Director/CEO, Ecumenical Stewardship Center "This volume brings together essential information and important insights from across the ecumenical community that individuals and institutions in the Church can use as they seek to act consistently with their faith commitments in making decisions about financial assets and investments." Bill McKeown, member, Episcopal Churchs Task Force on Theology of Money "Not so long ago, the idea that there could be a spirituality of investment strategy would have seemed a contradiction in terms to many. Though this useful book is not a history of that evolution, it is a tool that faith communities can use to find their place as part of it." Barbara Crafton, author "While some people of faith may still consider investment the realm of worldly practices that keep us from God, Faithful Investing breaks open the possibility that Gods work in our lives and in the world require us to engage with money in new ways. Investing faithfully is a matter of discipleship. Faithful Investing is an important new resource to help us discern how each of us and our communities might use our investments to live into our calling." Rev. Kirsten Snow Spalding, rector of the Church of the Nativity in San Rafael, Calif., and senior director of the Investor Network on Climate Risk and Sustainability at Ceres "Faithful Investing provides a wealth of information, resources and context on the evolving opportunities that faith-based organizations have to invest in ways that more closely align with their respective missions and values. I highly recommend it for stewards of capital looking to navigate this important but sometimes complex path." Meredith Jenkins, Chief Investment Officer, Trinity Church Wall Street
Foreword |
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Introduction |
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vii | |
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1 Basic Concepts and Terms |
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1 | (20) |
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William Somplatsky-Jarman |
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2 What This Means for My Congregation/Organization |
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21 | (20) |
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3 Is Perfect the Enemy of the Good? Starting Socially Responsible Investing Incrementally |
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41 | (15) |
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4 Repairing the World One Company at a Time-Shareholder Advocacy |
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56 | (12) |
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5 Inclusion, Equity, and Diversity |
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68 | (11) |
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6 Dignity of Every Human Being-Human Rights, Human Trafficking, and Investing |
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79 | (12) |
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7 Investor Action on Climate Change |
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91 | (9) |
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8 Creating Positive Change: Impact Investing, Community Development, and the Rethinking of Returns |
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100 | (11) |
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9 Inspiring Donors through Investing with Values |
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111 | (8) |
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10 Taking Decisive Action, One Step at a Time |
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119 | (4) |
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11 Individual Investor Decisions and Considerations |
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123 | (6) |
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Introduction to Case Studies |
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129 | (39) |
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Case Study 1 Lessons of Collaboration on Socially Responsible Investing |
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130 | (5) |
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Case Study 2 Same Denomination, Very Different Choices |
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135 | (4) |
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Case Study 3 Values Meet Reality: A Roman Catholic Institutional Approach |
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139 | (4) |
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Case Study 4 Denominational SRI Issues |
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143 | (9) |
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Case Study 5 Positive Investment Overview: Reformed University in Colombia |
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152 | (5) |
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Case Study 6 Sustainable Financing |
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157 | (2) |
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Case Study 7 A Reflection on Mission-Based, Faith-Based Investing at The Riverside Church, NYC |
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159 | (9) |
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Introduction to Resources/Appendix |
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168 | (23) |
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Samples of Investment Policy Statements |
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169 | (11) |
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180 | (2) |
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Denominational Resources and Foundations |
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182 | (7) |
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Organizations That Can Help You Get Involved in Socially Responsible Investing and Encourage Giving |
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189 | (2) |
Contributors |
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191 | |
JAMES W. MURPHY, a Certified Fund Raising Executive, is Managing Program Director at the Episcopal Church Foundation (ECF). Active in ecumenical collaborations, he works with congregations, dioceses, and other Episcopal organizations to grow their endowments and develop their planned giving programs and various philanthropic efforts and resources. He holds a Masters in Christian Spirituality from General Theological Seminary, and a Bachelors from NYUs Stern School of Business. He is a member of the Association for Financial Professionals (AFP) and the Philanthropic Planning Group of Greater New York (PPGGNY). He lives in New Jersey.
DONALD V. ROMANIK has been President of the Episcopal Church Foundation (ECF) since 2005. Formerly, he has served as an attorney in both government and private practice and has been active in civic, charitable, and religious organizations. A strong advocate of the ministry of all the baptized, Donald frequently writes and speaks on topics relating to leadership and resource development for Episcopal organizations, working to develop new models of lay+clergy partnerships and effective leadership teams to empower future leaders for a changing church. He lives in New York.
Greg Rousos is president of New Covenant Trust Company and executive vice president and chief operating officer of the Presbyterian Foundation.
Katie McCloskey is the director of social responsibility for United Church Funds, which invests on behalf of United Church of Christ churches and institutions. She has convened the Jubilee Assembly, an interfaith group of investors searching for impact investing opportunities. She lives in New York, New York. Byrd Bonner is former president of the UMC Foundation and a licensed Texas attorney in private practice in family law and child protection. He served as the president/CEO of the United Methodist Church Foundation from 2000 to 2017. Byrd served the Interfaith Center on Corporate Responsibility as vice chair of the board of directors, and as chair of its investment committee and development committee. He remains an individual member of the Socially Responsible Investment Coalition, and chairs the board of his local United Methodist congregations foundation in San Antonio, Texas. Carsten W. Sierck, JD, is program director for endowment management, planned giving, and donor solutions at Episcopal Church Foundation. She advises churches, dioceses, schools, and church-related organizations on how to structure, manage, use, and grow their endowments.
The Rev. Séamus P. Finn, OMI, is responsible for the Faith Consistent Investing program for the Oblate Investment Pastoral Trust. He represents the Missionary Oblates (OMI) at the Interfaith Center on Corporate Responsibility, where he serves as the board chair. He lives in Washington, D.C. Sister Patricia Daly, OP, is a Dominican Sister of Caldwell, New Jersey, and has worked in corporate responsibility and socially responsible investing for over forty years. After almost twenty-four years, Pat concluded her tenure as executive director of the Tri-State Coalition for Responsible Investment, an organization of forty Roman Catholic Dioceses and Congregations of Women and Men primarily in the New York metropolitan area. She lives in Montclair, New Jersey. Mark A. Regier is vice president of Stewardship Investing, Mennonite Foundation, and Everence Financial and has been involved in the field of ethical and socially responsible investing at Everence for more than twenty years. Tim Brennan is treasurer and chief financial officer of the Unitarian Universalist Association and has served in that role since June 2006. Tim came to the UUA after seven years with Ceres, the national network of institutional investors working to advance corporate responsibility for the environment. As senior director, development and communications, he worked with major environmental organizations, religious investors, the SRI community, and major pension funds on issues such as climate change and corporate sustainability disclosure. Bobbi Hannigan served as the treasury manager at Catholic Extension, overseeing portfolios in excess of $250 million. She has been at the forefront of monitoring investment managers compliance to the Roman Catholic Churchs socially responsible investing guidelines. She lives in Chicago, Illinois.
Aimee Moiso is a minister in the Presbyterian Church (USA) and a PhD candidate at Vanderbilt University in Nashville, Tennessee. The Rev. William Somplatsky-Jarman served as the primary staff of the Presbyterian Church (USA) faith-based investment committee for thirty-two years. During that time, he coordinated hundreds of corporate dialogues, addressed numerous stockholder meetings, and authored articles on a wide variety of socially responsible investment issues. He lives in Washington, Utah.
Joseph M. Kinard is chair of the Presbyterian Church (USA) Committee on Mission Responsibility Through Investment (MRTI), which was created in 1971 to advance the churchs mission through the financial resources (approximately $10 billion dollars) entrusted to it. He lives in Rockville Center, New York.
Lisa Hinds is a senior vice president and nonprofit practice leader for a global alternative asset manager. She brings over twenty-five years of experience in client portfolio management, institutional securities trading, and investment banking. She currently serves as vice chair of the board and chair of the investment committee of United Church Funds, the institutional investment ministry of the United Church of Christ. She is a former deacon, trustee, and chair of the finance committee of The Riverside Church in the City of New York. She lives in New York City.