The Jubitz Family Foundation, a multi-generational family foundation and long time friend and supporter of NWEI, took a significant step in furthering its commitment to the environment by removing all oil, gas, coal and consumable fuel stocks from its portfolio. Inspired by Bill McKibben and his organization, 350.org, which is dedicated to solving the climate crisis, JFF sought an investment solution that supported this initiative while avoiding seriously penalizing returns or risk.
Jubitz Family Foundation president Al Jubitz commented, “We’re highly concerned about climate change. We want to do all we can to protect the planet and encourage a shift towards renewable energy. For many years the Foundation has committed to a socially conscious investment strategy. Divesting in carbon was a further step in aligning our investments with our mission.”
Bill McKibben, 350.org’s cofounder and inspiration behind Jubitz’s decision to divest, said, “It’s a remarkable and powerful thing when philanthropic generosity is coupled with a strong moral witness. The Jubitz Family Foundation isn’t just doing good things with its money, it’s making sure its money is doing good things, too. What a model for others!”
The Jubitz Family Foundation was established in 2001 and is dedicated to children, the environment and peace.