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Report Card 2011

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Dickinson College

Endowment Survey

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With the publication of the College Sustainability Report Card 2011, more than 1,100 school survey responses from over 300 institutions are now available online. In total, these surveys offer more than 10,000 pages of data collected from colleges and universities during the summer of 2010 . To access surveys from other schools, go to the  surveys section  of the website. To see grades, or to access additional surveys submitted by this school, please click the "Back to Report Card" link at the beginning or end of the survey.

 

School name: Dickinson College

Date submitted: September 30, 2010

 

For each question, please choose the response that best represents the endowment policies at your institution. If you cannot find information for a particular question, please leave that question blank.

 

 

1)  How does your school handle proxy voting on environmental, social, and governance issues? Check all that apply.

 

Environmental and Social Resolutions       

Corporate Governance
Resolutions               

We do not have the ability to vote proxies, as the entire equity holdings of the endowment are invested in mutual funds (e.g. CommonFund, Fidelity, Vanguard).    

[  ]

[  ]

We ask that our investment managers handle the details of proxy voting.

[  ]

[  ]

We provide our investment managers with general guidelines that determine our proxy votes.

[  ]

[  ]

We provide our investment managers with specific guidelines that determine our proxy votes.

[  ]

[  ]

A member of our school administration determines our proxy votes.

[  ]

[  ]

A committee of administrators and/or trustees deliberates and makes decisions on proxy votes.

[  ]

[  ]

A committee that includes student representatives deliberates and makes recommendations or decisions on proxy votes.

[X]

[X]

School community feedback is incorporated into proxy voting decisions through town hall meetings or a website.

[  ]

[  ]

 

If you provide investment managers with specific corporate governance, environmental, or social guidelines, please attach them or provide a URL below:

2011SEIendowmentquestion1.docx - 10 KB

 

 If your school has a committee that offers recommendations or makes decisions on proxy voting, please provide information below.

 

 

Name of committee :

Proxy Subcommittee of the Socially Responsible Investment Dicussion Group

Number of meetings held since August 2009 :

10

Name of chair(s) :

Caroline Peri '10 - Chair of the Proxy Group, Annette Parker '73, Chair of the Socially Responsible Investment Discussion Group

Position of chair (e.g., administrator, faculty, staff, student):

Peri: Student, Parker: Administrator

To whom does the committee report (e.g., Trustee Committee, President, Vice President):      

Proxy Group reports to SRI Discussion Group.  SRI Discussion Group reports to the President.

Number of administrators on committee:

3

Number of alumni on committee:

1

Number of faculty on committee:

4

Number of staff on committee:

0

Number of students on committee:

6

Number of trustees on committee:

0

Total number of committee members:

14

 

Additional comments:

 

2)  Please indicate what information about proxy voting records is made available to each of the groups listed.

 

 

Information made available

Trustees

Votes cast on proxy resolutions on a company-specific level

Senior administrators and select individuals     

Votes cast on proxy resolutions on a company-specific level

All members of the school community

Votes cast on proxy resolutions on a company-specific level

The public per open records law

Votes cast on proxy resolutions on a company-specific level

The general public

Votes cast on proxy resolutions on a company-specific level

 

3)  Where is information about proxy voting records made available to the school community and general public?

 

Where information is made available

School community 

Environmental and social resolutions

Information is on the school website and is accessible to the public

Corporate governance resolutions      

Information is on the school website and is accessible to the public

General public 

Environmental and social resolutions

Information is on the school website and is accessible to the public

Corporate governance resolutions

Information is on the school website and is accessible to the public

 

4)  Please indicate what information about endowment holdings is made available to each of the groups listed.

 

Trustees  

Senior administrators and select individuals  

Entire school community  

General public per open records law  

General public

No information made available

[  ]

[  ]

[  ]

[  ]

[  ]

Asset allocation

[X]

[X]

[X]

[X]

[X]

List of external managers

[  ]

[  ]

[  ]

[  ]

[  ]

List of mutual funds

[X]

[X]

[X]

[X]

[X]

Equity holdings

[  ]

[  ]

[  ]

[  ]

[  ]

Fixed income holdings

[  ]

[  ]

[  ]

[  ]

[  ]

Real estate holdings

[  ]

[  ]

[  ]

[  ]

[  ]

Hedge fund holdings

[  ]

[  ]

[  ]

[  ]

[  ]

Private equity holdings

[  ]

[  ]

[  ]

[  ]

[  ]

Venture capital holdings     

[  ]

[  ]

[  ]

[  ]

[  ]

Natural resource holdings

[  ]

[  ]

[  ]

[  ]

[  ]

Cash

[  ]

[  ]

[  ]

[  ]

[  ]

Other holdings (specify below)     

[  ]

[  ]

[  ]

[  ]

[  ]

All holdings

[  ]

[  ]

[  ]

[  ]

[  ]

 

Please specify other holdings, if any.

Investments are pooled into fund of funds, so direct access to managers and companies is not possible. All information that is available to the College is made public and appears on the website.

 

5)  Please indicate where information about endowment holdings is made available to the school community and the general public.

 

 

Where information is made available

School community       

Information is on the school website and is accessible to the public

General public

Information is on the school website and is accessible to the public

 

6)  Is your school currently invested and/or exploring investment in any of the following areas?  Please check all that apply.

 

 

Currently

invested   

Exploring

investment

Renewable energy funds or similar investment vehicles

[X]

[  ]

On-campus energy and/or water efficiency projects through the endowment (as an investment and not a payout)       

[X]

[  ]

Community development financial institutions or community development loan funds

[X]

[  ]

 

Description: * $50,000 in lieu-of-tax contribution to Carlisle Borough* Continues to fund two homebuyer programs to help employees purchase homes in downtown revitalization zones and participated as a partner in the Pitt Street Pride neighborhood revitalization project.* Dickinson is committed (and has been since the 1980s) to keeping newly acquired real - estate properties on tax rolls. This resulted in $330,000 in voluntarily paid property taxes.* Contributed $50,000 to fund a traffic study in conjunction with the Borough of Carlisle's effort to reduce truck traffic, promote walking and biking and improve air quality.* Spearheaded Carlisle's High - I Initiative to spark retail revitalization of two blocks contiguous to campus. Funded $100,000 lead contribution (matched by the community), for retail marketing study and engagement of first marketing coordinator for Downtown Carlisle. Further support via $13,200 commitment during FY11 for retail coordinator's training provided by Downtown Works. * Contributed access and development of path system across extensive College-owned acreage for the Cumberland County-wide “Rails to Trails” project, now in planning.* Funded $50,000 to assess the College’s programs and facilities and the historic Carlisle Theatre facility to determine programmatic and architectural/engineering viability of potential future collaboration. College provides $4800 annual support for Hollywood on High at the Theatre.    * Continues to lease second floor of the Carlisle Theatre as Dickinson’s “black box” performance space and experimental theatre at $48,000 per year (which roughly pays the mortgage for the Theatre).* Leases offices downtown for college-community partnership offices, faculty sabbatical offices, and Carlisle Victory Circle (a United Way partner agency offering tutoring to underprivileged children).  Chamber of Commerce currently sharing space rent-free.  * Provides 25,000 sq ft of rent-free space for operations and distribution to local food bank, providing food and services to low-income population.  Also provides storage and distribution space for local Toys for Tots campaign.* Waived facility fees for certain community activities totaling almost $20,000 last year. * Supported rehab of old YMCA building downtown into apartments for students involved in community service and/or dance and performing arts. Operating commitment $227,000 per year for 15 years. * Provided $250,000 loan to community for downtown hotel. No interest loan for 5 years; now 10 years at subsidized interest.

 

 

7)  Does your school have any investment policy provisions, or use any investment managers, that consider environmental/sustainability factors?   If so, or if currently under consideration, please describe below.

Yes

Description: As part of our commitment to socially responsible investments, Dickinson has decided to invest 1 percent of its pooled endowment in the Sustainable Investments Initiative (SII). SII was created by Investure as a co-mingled fiscal vehicle within this global equity fund that is devoted to investments that create long - term social, environmental and economic value (Triple Bottom Line Approach.)Dickinson is also seeking to obtain additional gifts to match 1 percent of its pooled endowment investment. Dickinson's investment in the SII illustrates that Dickinson is committed to socially responsible investment with a triple bottom line approach, even in the toughest of economic times.

 

 

8)  Does your school offer donors the option of directing gifts to an investment fund that considers environmental/sustainability factors?   If so, or if currently under consideration, please describe below.

Yes

Description: As a part of Dickinson's Annual Giving programs, which pools individual gifts into a collective fund to support the most important projects on campus, those giving have the option to ensure that their gift is utilized to fund projects on campus that support sustainability initiatives. http://www.dickinson.edu/giving/ways-to-give/First_In_America_Annual_Fund/

 

 

9)  Please provide total endowment market value as of the following dates:

Please provide the endowment market value rather than the endowment book value.

 

Total endowment value

June 30, 2009

$280,064,703

September 30, 2009

$301,359,370

December 31, 2009

$313,224,260

March 31, 2010

$320,744,241

June 30, 2010

 

 

 

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