University of Montana Climate Action Fund

The University of Montana Climate Action Fund is a project of Reinvest Montana and 350 Missoula.  350 Missoula is a non-profit climate change organization based in Missoula, Montana.  Reinvest Montana is a student organization at the University of Montana demanding the University of Montana Foundation (UM Foundation) divest its endowment from fossil fuel investments and reinvest part of the endowment in climate solutions and sustainable local business.

Our goal is that the presence of this fund will encourage the UM Foundation to make the commitment of divesting its endowment from the top 200 fossil fuel companies* (in order of carbon assets) and reinvesting in real solutions to the climate crisis.  This fund is designed to ensure that if the UM Foundation agrees to the stipulation of the fund, the money raised will be used to support the UM Foundation’s endowment.  If the UM Foundation does not agree to the stipulations outlined below, the money raised will be split between two funds.  One, the Kless Revolving Energy Loan Fund (KRELF) is a student-initiated, student-funded loan program that supports energy and resource conservation projects on the University of Montana campus.  Two, the Climate Action Student Support Fund (CASSF) funds UM graduate and undergraduate students directly engaged in efforts to curtail global warming.  If for any reason, either KRELF or CASSF is unable to use any or their entire portion of the funds, the other will receive these funds.  In order for the UM Foundation to receive any portion of the fund, there are two deadlines that the UM Foundation should be mindful of:

April 30, 2016:  By this date, the UM Foundation must have provided a selected representative of 350 Missoula and Reinvest Montana with a written agreement expressing its commitment, thereby legally binding the institution to divest 100% of the endowment from the top 200 fossil fuel companies* within five years and reinvest 5% of the total endowment in environmentally and socially responsible businesses based in Montana.  This should include renewable energy enterprises that support the transition to a just and sustainable economy. If the UM Foundation provides such an agreement by this date, the full balance to date of the fund will be donated to the UM Foundation and the fund will be terminated.   If the UM Foundation has not provided such an agreement by this date 50% of the balance will be evenly split between KRELF and CASSF.  

If the UM Foundation does not provide an agreement by April 30, 2016 the next deadline is:

March 1, 2020:  By this date, the UM Foundation must have provided a selected representative of 350 Missoula and Reinvest Montana documentation that it has successfully divested its endowment from the top 200 fossil fuel companies* and reinvested 5% of the total endowment in environmentally and socially responsible businesses based in Montana.  This would include renewable energy enterprises that support the transition to a just and sustainable economy.  If the UM Foundation provides such documentation by this date, the full balance to date of the fund will be donated to UM Foundation and the fund will be terminated.  If the UM Foundation has not provided such documentation by this date the balance will be evenly split between KRELF and CASSF.

 *200 publicly-traded companies as outlined on Fig. 5 on pgs. 13-14 of “Unburnable Carbon”, Carbon Tracker Initiative, March 2012

In addition to donating here to support an endowment that is invested in a just and sustainable future, please pledge to withhold donations from the University of Montana until they commit to divestment in order to increase pressure on our campaign targets to take action on divestment and reinvestment. 

Contact Reinvest Montana at reinvestmontana@gmail.com with any questions or if you would like to get involved! 

Who's donating: from Missoula, MT donated. Thank you!
$390.00 raised
GOAL: $10,000.00
Contributions are tax deductible.

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    Just made a donation to Responsible Endowments Fund
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    Just made a donation to the brand new University of Montana Climate Action Fund to support fossil fuel divestment and reinvestment in a just transition for Montana! Support Reinvest Montana by donating! #REF #BankOnUs #Divest
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