| Overall Rating | Gold |
|---|---|
| Overall Score | 65.17 |
| Liaison | Lisa Mitten |
| Submission Date | March 2, 2023 |
State University of New York at New Paltz
IN-40: Sustainability Projects Fund
| Status | Score | Responsible Party |
|---|---|---|
|
0.50 / 0.50 |
Michael
Sheridan Professor School of Business |
Name of the institution’s sustainability projects fund:
Which of the following best describes the primary source of funding for the sustainability projects fund?:
Year the institution’s sustainability projects fund was established:
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.
Website URL where information about the sustainability projects fund is available:
Additional documentation to support the submission:
Data source(s) and notes about the submission:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.