“Since many museums share the values of diversity, equity, inclusion and access, this is a good place to start being intentional about the endowment.” –Laura Callanan, founding partner, Upstart Co-lab.
The top 45 museums in the US hold endowments of more than $40bn in aggregate. Unfortunately, [most] museums are invested in the very same types of companies—tobacco, weapons manufacturing, and fossil fuels—that are frequently protested in connection with their controversial donors. But it does not have to be that way. There are more than 650 Exchange Traded Funds that enable investors to align their money with their values.