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  3. What is the difference between the NC State Investment Fund (NCSIF) and the NC State University Foundation Sustainable Responsible Impact (SRI) Fund?
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  3. What is the difference between the NC State Investment Fund (NCSIF) and the NC State University Foundation Sustainable Responsible Impact (SRI) Fund?

What is the difference between the NC State Investment Fund (NCSIF) and the NC State University Foundation Sustainable Responsible Impact (SRI) Fund?

Unlike the SRI Fund, the NCSIF is not limited in the types of companies in which it can invest. The NCSIF began operations on April 1, 1999, and is the primary investment vehicle for endowments held by associated entities that support the University, as well as the NC State University Endowment Fund.

The NCSIF is a separate 501(c)3 not-for-profit organization, with a Members Board and a Board of Directors. The Members Board is made up of representatives from associated entities invested through the NCSIF, and is responsible for adopting investment objectives and policies and for monitoring policy implementation. The primary role of the Board of Directors is to oversee the allocation of the NCSIF’s portfolio among asset classes and investments vehicles and to monitor investment performance.

In contrast, the SRI Fund employs an investment approach that considers environmental, social, and governance (ESG) factors in portfolio selection and management. It is a directly held investment of the NC State University Foundation. The SRI Fund is governed by the NCSU Foundation Board of Directors. The Foundation’s Treasurer and Director of Investments have joint responsibility for SRI Fund management and oversight including investment decisions. Endowments must be held by the NC State University Foundation to be invested in the SRI Fund.

Read more:

Foundations Accounting & Investments, Investment Fund

Updated on October 15, 2020

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