Overall Rating Silver - expired
Overall Score 63.30
Liaison Dennis Cochrane
Submission Date March 19, 2013
Executive Letter Download

STARS v1.2

Virginia Tech
PAE-18: Positive Sustainability Investments

Status Score Responsible Party
Complete 0.43 / 9.00 John Cusimano
University Treasurer and Associate Vice President for Finance
Virginia Tech Foundation
"---" indicates that no data was submitted for this field

Total value of the investment pool:
584,549,859 US/Canadian $

Value of holdings in sustainable industries, such as renewable energy or sustainable forestry :
0 US/Canadian $

Value of holdings in businesses selected for exemplary sustainability performances:
0 US/Canadian $

Value of holdings in sustainability investment funds, such as a renewable energy investment fund:
0 US/Canadian $

Value of holdings in community development financial institutions (CDFIs):
8,324,000 US/Canadian $

Value of holdings in socially responsible mutual funds with positive screens:
0 US/Canadian $

A brief description of the companies, funds, and/or institutions referenced above:

The university-related Virginia Tech Foundation has allocated 3% of its endowment fund to Program Related Investments (PRI) to advance the programmatic goals of the institution. In this particular case, the goal is to identify local and regional companies (community development financial institutions) for the endowment to invest in, which are underserved by conventional lending institutions. Ultimately, this promotes employment opportunities and advances the technology transfer and commercialization of university research.

As of December 31, 2012, the Foundation has an NAV of $8,324,000 invested in PRI’s.

The website URL where information about the institution’s sustainability investment activities is available:

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 and complete the Data Inquiry Form.