On January 9, 2017, SF State Foundation President Robert Nava spoke on a panel about sustainable investing at the 2017 CSU of Auxiliary Organizations Association (AoA) conference in San Diego.
Socially responsible investing is a major issue on campuses across the country, and the CSU campuses are no different. In the past, the approach was largely reactionary (i.e. divesting), but three campuses within the California State University system – CSU Northridge, San Francisco State University and CSU Fresno – have taken a more proactive approach to sustainable investing. The AoA conference session provided an opportunity to describe the three campuses’ approach in incorporating environmental, social and governance strategies into their investing.
Garrett P. Ashley, Vice Chancellor of University Relations and Advancement for the CSU, G. Michael Phillips, PhD, a professor of finance, financial planning and insurance at CSU Northridge and Paula Castadio, Vice President of University Advancement at CSU Fresno also participated on the panel.
The members that make up the AOA are the auxiliaries of the 23 campuses in the CSU system. Typically these organizations include foundations that manage contracts and grants or gifts to the university, enterprise corporations that run bookstores and food services, associated student organizations and student unions and sometimes athletic or housing corporations.
The theme of this year’s conference, which took place from January 8 to 11, was "Partners in Achieving Student Success." SF State Foundation Secretary and Treasurer Venesia Thompson Ramsay chaired the conference track on philanthropy.