Over the past 20 years, the college endowment model has changed substantially. Colleges used to control their own investment, invested primarily in publicly traded stocks and kept their liquid assets in local banks. Now it is common practice for endowments to be managed externally, so that colleges have little control over what they are investing in and little power as shareholders to push for more responsible investment practices. Colleges today invest primarily in high-risk, high-return private equity and place their liquid assets in larger banks. Rose Espinola from the Responsible Endowments Coalition will give a presentation about the history of the way colleges handle their money and the risks and drawbacks of the current model of investing versus its strengths, and she will lead a discussion about the positive potential for college investment in their local economies and community development financial institutions. Open discussion and workshops will follow. Fresh Side rolls will be provided.