What did the college agree to?
Concerning Bard College’s endowment, Bard College commits to:
At the beginning of the 2024-25 academic year, full disclosure in the form of a statement released to the entire campus community relating the nature and structure of the current Bard endowment, including its current investments as well as the timeline for and structure of its future. Additionally, the college will provide comprehensive and timely updates at least once a semester, regarding any and all changes to endowment investments. The CFO will hold open sessions at least once a semester, scheduled in conjunction with the Student Government.
The College’s past practices have included its interest and willingness to have social values reflected in its investment policy. Building upon this, Bard will institute a representative and elected cross-campus committee consisting of up to twelve members that consists in equal part of students, including elected members of the Socially Responsible Investment Committee, faculty, staff, and administration that will provide written ethical investment guidelines for the responsible fiduciaries of Bard College. Senior administration and committee members will bring the guidelines to the fiduciaries for adoption in good faith and accurately represent the guidelines put forth by the committee. These guidelines will outline what type of investments Bard College will or will not make that most effectively reflect and further shared institutional values. Lastly, this cross-campus committee will issue an bi-annual report on the endowment and propose further updates to said guidelines. Senior administration, in consultation with the board, will acknowledge receipt and issue a response, as needed, to said reports.
Progress as of [date]: