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ERIC Number: ED539859
Record Type: Non-Journal
Publication Date: 2013-Jan
Pages: 27
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
Green Revolving Funds: An Introductory Guide to Implementation & Management
Indvik, Joe; Foley, Rob; Orlowski, Mark
Sustainable Endowments Institute (NJ1)
The goal of this introductory implementation guide is to provide practical guidance for designing, implementing, and managing a green revolving fund (GRF) at a college, university, or other institution. The GRF model is widespread in higher education, with at least 79 funds in operation in North America representing over $111 million in committed investment as of late 2012. GRFs have proven their ability to reduce operating costs and environmental impact while promoting education and engaging stakeholders. The number of GRFs in operation has increased 60 percent since 2010 and 15-fold in the last decade. In 2011, the Sustainable Endowments Institute (SEI) launched The Billion Dollar Green Challenge, an initiative that encourages colleges, universities, and other nonprofit institutions to invest in their own GRFs. As part of this initiative, SEI has researched GRFs at a wide range of institutions and has developed a suite of tools and resources to support GRF adoption. However, it can be difficult to establish and manage an effective GRF. There is a need for a guiding document that taps into the expertise of presidents, administrators, facility managers, sustainability directors, students, consultants, and other stakeholders with GRF experience to establish best practices. This Guide--a co-publication of SEI and the Association for the Advancement of Sustainability in Higher Education (AASHE)--is intended to fulfill that need. The Guide is informed by data and insights from schools that have already incorporated GRFs into their campus operations. It includes information from (1) interviews with dozens of stakeholders representing institutions that vary in size, setting, and wealth; (2) research conducted by SEI, AASHE and other organizations; (3) and the direct experience of its authors in implementing and advising on GRFs at a variety of institutions. A list of resources is included. (Contains 1 figure.) [Additional funding for this paper was provided by the David Rockefeller Fund, John Merck Fund, Merck Family Fund, Roy A. Hunt Foundation, and Wallace Global Fund.]
Sustainable Endowments Institute. 45 Mount Auburn Street, Cambridge, MA 02138. Tel: 617-528-0010; e-mail: info@endowmentinstitute.org; Web site: http://www.greenbillion.org
Publication Type: Guides - Non-Classroom
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: Kresge Foundation; Rockefeller Brothers Fund
Authoring Institution: Association for the Advancement of Sustainability in Higher Education (AASHE); Sustainable Endowments Institute