‘Red flag warning’: NIU Foundation invests nearly $7 million in fossil fuels

Read the full story from the Northern Star.

Within the NIU Foundation’s top 16 investments – worth $2 million or more – in its $95.6 million endowment fund, an estimated 13% is invested in fossil fuel stocks.

The Foundation’s top investments, amounting to $52.6 million of the total endowment fund, were examined and showed that nearly $7 million – or 13% – were in fossil fuel stocks. The Northern Star only examined 55% of the NIU Foundation’s entire endowment fund because not every fund’s investments are accessible online. The NIU Foundation’s fossil fuel holdings amount to nearly $7 million, or more than 7% of the entire endowment fund. 

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.