Overall Rating Gold
Overall Score 65.17
Liaison Lisa Mitten
Submission Date March 2, 2023

STARS v2.2

State University of New York at New Paltz
IN-40: Sustainability Projects Fund

Status Score Responsible Party
Complete 0.50 / 0.50 Michael Sheridan
Professor
School of Business
"---" indicates that no data was submitted for this field

Name of the institution’s sustainability projects fund:
Green Revolving Fund

Which of the following best describes the primary source of funding for the sustainability projects fund?:
Donation driven

Year the institution’s sustainability projects fund was established:
2,016

A brief description of the institution’s sustainability projects fund:
SUNY New Paltz's Green Revolving Fund is a student-driven investment fund that will be used to implement energy efficiency and sustainability projects on campus. The fund requires that all approved projects generate measurable cost-savings that can be repaid into the fund, ensuring that it is self-perpetuating (with opportunities for growth over time), while providing for continuous reinvestment in the greening of the campus community.

A brief description of the multi-stakeholder decision-making process used to determine which projects receive funding through the sustainability projects fund:
The fund is overseen by a committee of faculty, staff, alumni, and students chosen through an open application process. The board will evaluate and select proposals for investment. The proposal process will be open to all SUNY New Paltz community members, though proposals from students will be given priority.

Successful proposals will need to define the purpose, financial outlook, execution, and evaluation measures for each project. Funded proposals will be expected to return investment within a maximum payback period of six years; after 100% of the funds have been paid back, the Green Revolving Fund will continue to accrue 90% of the savings, with 10% going to the College, until six years have passed, after which time all cost savings will accrue to the College.

Optional Fields

Website URL where information about the sustainability projects fund is available:
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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