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Report Card 2011

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University of Minnesota

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: University of Minnesota

Date submitted: August 30, 2010

 

For each question, please choose the response that best represents the endowment polic ies 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.

 

Environmentaland SocialResolutions

CorporateGovernance
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:

Resolutions and other information:   http://www1.umn.edu/usenate/committees/soccon.html

 

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

 

 

Name of committee :

Social Concerns Committee

Number of meetings held since August 2009 :

6

Name of chair(s) :

Timothy Sheldon

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

Research Associate

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

Advises President and Senior Academic Officers

Number of administrators on committee:

1

Number of alumni on committee:

3

Number of faculty on committee:

7

Number of staff on committee:

3

Number of students on committee:

7

Number of trustees on committee:

Total number of committee members:

23

 

Additional comments: 3 academic professional members and and others to be named .Charge: http://www1.umn.edu/usenate/charges/socconch.htmlMembership:http://www1.umn.edu/usenate/committees/soccon.html

 

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 sent to individuals upon request

Corporate governance resolutions

Information is sent to individuals upon request

General public 

Environmental and social resolutions

Information is sent to individuals upon request

Corporate governance resolutions

Information is sent to individuals upon request

 

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

[  ]

[  ]

[  ]

[X]

[  ]

List of mutual funds

[  ]

[  ]

[  ]

[X]

[  ]

Equity holdings

[  ]

[X]

[  ]

[  ]

[  ]

Fixed income holdings

[  ]

[X]

[  ]

[  ]

[  ]

Real estate holdings

[  ]

[X]

[  ]

[  ]

[  ]

Hedge fund holdings

[  ]

[X]

[  ]

[  ]

[  ]

Private equity holdings

[  ]

[X]

[  ]

[  ]

[  ]

Venture capital holdings

[  ]

[X]

[  ]

[  ]

[  ]

Natural resource holdings

[  ]

[X]

[  ]

[  ]

[  ]

Cash

[X]

[X]

[X]

[X]

[X]

Other holdings (specify below)

[  ]

[  ]

[  ]

[  ]

[  ]

All holdings

[  ]

[  ]

[  ]

[  ]

[  ]

 

Please specify other holdings, if any.

 

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 sent to individuals upon request

General public

Information is sent to individuals upon request

 

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

[  ]

[  ]

 

Description: Local community development financial institutions do not have the capacity to manage large flow and complex transactions and therefore are not part of the current investment mix.

 

 

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.

Description: While there is no formal policy regarding considering environmental/ sustainability factors, there are general practices with founded in the Board of Regents Energy Efficiency and Sustainability policy and Social Concerns Committee.  The Assets management team proactively reviews investments against available lists (Sudan divestment,  for example) and communicate as appropriate to ensure investors are aware to steer clear of certain investments not consistent with university values and ethics.

 

 

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.

Description: Description:The Foundation (not managed by the university) receives some donations designated for environmental and sustainability factors.   On a separate note, a socially responsible investment fund is available for retirement savings plans as an alternative for faculty and professional and academic staff.

 

 

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

$827,215,000

September 30, 2009

$861,397,000

December 31, 2009

$868,429,000

March 31, 2010

$861,328,000

June 30, 2010

 

 

 

 

 

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