Expanding, Protecting Investments
Adding "Sustainable equity focus" to portfolio
Over these past 38 years, our scholarship foundation has steadfastly maintained a conservative approach to managing investments entrusted to the Foundation trustees. The foundation was launched in the spring of 1984 with assets totaling $5,660 and awarded four $250 scholarships. In 2022, the Foundation has an investment base of nearly $1.8 million and will award $350,000 in tuition scholarships to 91 Northshore graduates.
The investment committee has taken a conservative approach with the investment portfolio, avoiding unpredictable swings in the market. Very little change in the mix has been made until 2021 when the Foundation added a fund management firm investing in stocks of firms focused on sustainability. The managing firm is Ethic.
Ethic is a tech-driven asset manager focused on sustainable optimized equity investing. Using multi-factor optimization and sustainability data science to create a portfolio’s that invest based on 3 pillars of sustainability.
These pillars are:
1. Climate Change and promoting a low-carbon economy
2. Corporate Ethics with a focus on fair business practices
3. Human Rights with focus on promoting inalienable rights to freedom, justice, and peace.
By screening for companies that are promoting these three pillars, Ethic is investing the Scholarship funds to promote a more positive, sustainable world, while also generating solid investment returns that can provide funds to recycle into scholarships for the students in the Northshore School District.
We made this change to Ethic as we wanted our investments to reflect the spirit of giving and sustainability, which has driven the focus of providing scholarships since the founding of the Scholarship Foundation of Northshore in 1984.
IMPORTANT REMINDER
ABSOLUTE Deadline to complete OnLine Scholarship applications is February 15, 2022 for Northshore’s high school graduating seniors.
Deadline for those in college and who are eligible to have their scholarships renewed by their Donor Partner is March 31, 2022.