• Proposals that give incentive to companies to make charitable donations. The Trustees have voted unanimously against shareholder proposals that require undue financial burdens. In the interest of the endowment’s growth, non-financial concerns cannot take precedence over financial considerations.
Transparency and Reporting
• Proposals that request companies to provide detailed annual reports disclosing all monetary and non-monetary contributions. Corporations owe their investors satisfactory information so that they can make a meaningful assessment of their philanthropic activity. Meaningful information includes annual reporting on: names of charities receiving donation money, amount of money donated to each one of those charities, brief explanation of reason for giving to each charity, and outcome reporting data.