Wednesday, February 17, 2021
12:00 pm to 1:00 pm Eastern Time
Endowments are unique to institutions including museums. And today, museums are no longer limited to achieving missions through programming alone. Increasingly, investment committees look to their sizable endowments to affect social change by investing in companies that align with their values. The public and donors are also demanding more transparency from organizations they support. This webinar will address what goes into constructing a portfolio considering environment, social, and governance (ESG) factors and provide you with the background, perspective, and knowledge to begin this conversation in your museum. New tools within the investment industry now allow for a robust and veriﬁable comparison of social impact investing with traditional investment strategies and approaches. As with Diversity Equity Inclusion (DEI) initiatives, the corporate sector has also led in ESG reporting. Museum trustees from the corporate world can be quite versed in ESG trends. This vocabulary is invaluable for both museum staff and leadership.
Co-Sponsors: American Institute of Conservation, Canadian Museum Association, Museum Trustee Association, Association of Science and Technology Centers, Mid-Atlantic Association of Museums, Association of Midwest Museums, New England Museum Association, Southeastern Museums Conference, Mountain-Plains Museums Association, Georgia Association of Museums, Texas Association of Museums, California Association of Museums, PA Museums. Others in formation.
Lloyd Kurtz is a senior portfolio manager and Head of Social Impact Investing for Wells Fargo Private Bank in San Francisco, California. Prior to joining Wells Fargo, Mr. Kurtz was chief investment officer and co-head of the investment committee for Nelson Capital Management. Before joining Nelson Capital, Mr. Kurtz spent nine years as a research analyst and director of quantitative research at Harris Bretall Sullivan & Smith, a San Francisco-based money management firm. Before that he was senior research analyst at KLD Research & Analytics in Boston, one of the first research firms to specialize in ESG (Environmental, Social, and Governance) investment. At KLD, Mr. Kurtz participated in the development of the Domini Social Index, now known as the MSCI KLD 400, the first broad-based ESG benchmark in the U.S. Mr. Kurtz has written numerous articles on the impact of ESG factors on portfolio risk and performance. In May 2017 he was appointed to the Sustainable Accounting Standard Board (SASB), a non-profit organization that sets standards for corporate sustainability disclosure. He has been in the financial industry for more than 29 years. Mr. Kurtz is affiliated with Northwestern University’s Kellogg School of Management, where he serves as faculty co-chair of the Moskowitz Prize research competition, and is a member of the steering committee for the Impact & Sustainable Finance Faculty Consortium. Mr. Kurtz holds an MBA from Babson College and a B.A. from Vassar College, and holds the Chartered Financial Analyst® designation.
Caleb J. Tuten is an Investment Analyst, Sustainable Investing Lead, and co-Lead of Diversity & Inclusion initiatives for Global Manager Research (GMR), a division of Wells Fargo Investment Institute. The GMR team conducts due diligence and provides research on the third-party money managers used throughout Wells Fargo’s brokerage, private banking, family wealth, and retirement businesses.
In his analyst role, Mr. Tuten focuses on the analysis of domestic and international equity Environmental, Social and Governance (ESG)-focused and Socially Responsible Investing (SRI) investment strategies. Prior to joining GMR in 2018, Mr. Tuten worked as an investment specialist for Wells Fargo Private Bank.
Mr. Tuten earned a Bachelor of Arts in Economics from Princeton University and is a SASB FSA (Fundamentals in Sustainability Accounting) credential-holder. He is located in New York City.
Wally is the Executive Director of the Community Growth Fund (CGF), a US Treasury Certified Community Development Financial Institution, and has managed projects and organizations in the chemical, energy, manufacturing, mining, environmental, community development, and non-profit sectors. He has a demonstrated talent for synthesizing complex project components with diverse participants by leveraging partnerships across industry sectors. In his current role, Wally utilizes his expertise to connect financial, technical, private, and public resources in support of CGF’s mission to connect disadvantaged people and organizations with equitable capital and resources.
Wally holds a Bachelor of Science from the University of Pittsburgh and a Master of Public Management from Heinz College at Carnegie Mellon University. He is the Chair of the Board of Trustees of Phipps Conservatory and Botanical Garden and serves on the boards of The Pennsylvania Resources Council, Construction Junction, Peoples Oakland, Friends of the Forest Preserves (Chicago), and Venture Outdoors.
Stephanie Ratcliffe is Executive Director of The Wild Center, a placed-based interactive science museum and 115-acre campus interpreting the extraordinary six million acre Adirondack Park. As an active participant and catalyst in the community, the museum has been a leader in driving climate change awareness and acting as a convener of climate change and green building conferences targeting regional and youth audiences. Stephanie was a key member of the start-up team that developed the new museum now entering its 14th year. Most recently she led the construction of The Wild Center’s is new outdoor treetop experience called Wild Walk which opened July 2015.
The statements and opinions expressed by panelists, hosts, attendees, or other participants of this event are their own and do not necessarily reflect the opinions of, nor are endorsed by, the American Alliance of Museums.