The College Sustainability Report Card (National)The Billion Dollar Green Challenge (National Challenge)Leaders in Energy ...
Why choose a Green Revolving Fund?• Transform expense into investment• Convey reputational benefits• Catalyze a culture sh...
Anatomy of a Green Revolving Fund• Seed Capital• Accounting Systems• Fund Oversight• Fund Operations and Project Selection...
10 Steps to a Successful GRF1. Do your homework2. Select your model3. Access opportunity and run the numbers4. Build buy-i...
• Financial Goals• Environmental Goals• Education or Community Goals• Types:EfficiencyInnovation & EngagementHybrid• Champ...
• Champions• Sources of GRF Capital• Fund Size• Fund Structure & Management• Payback Criteria• Interest Charges
• ROI & Other Benefits• Reported payback• Loan vs. Accounting Model• Estimating & Verifying Performance• Tracking Savings•...
01020304050607080NumberofGRFsYearGrowth of Green Revolving Funds: 1992-2012 N = 79
1611178271214170510152025300-4,999 5,000-14,999 15,000-24,999 25,000+NumberofInstitutionsDistribution of GRFsDistribution ...
405106260510152025303540450-49k 50-99k 100-249k 250-499k 500-749k 750k+NumberofInstitutionsEndowment Value per StudentDist...
3823336 7251639051015202530354045NumberofInstitutionsChampionsGreen Revolving Fund ChampionsN= 69
83523276352140510152025NumberofInstitutionsType of fundingGreen Revolving FundCommon Sources of CapitalN= 59
1415 15222716051015202530Above $1 million $100k - $999k Under $100kNumberofInstitutionsSize of GRFsNumber of Green Revolvi...
Institution Fund Name Est. Fund Commitment Projects ROIWestern Michigan University Quasi-Revolving Fund 1980 $385,000 101 ...
Fast Facts Total green revolving funds: 79 GRFs at private institutions: 42 GRFs at public institutions: 37 U.S. state...
Green Revolving Investment Tracking System (GRITS)
Dartmouth Green Revolving Loan FundFOM ProjectsCommunity Fund
Dartmouth Green Revolving Loan FundFOM ProjectsCommunity Fund
 Existing accounting structures Organizational entanglements The lighting speed of large organizations Sustainability ...
Dartmouth webinar
Dartmouth webinar
Dartmouth webinar
Dartmouth webinar
Dartmouth webinar
Dartmouth webinar
Dartmouth webinar
Dartmouth webinar
Dartmouth webinar
Dartmouth webinar
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Dartmouth webinar

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Transcript of "Dartmouth webinar"

  1. 1. The College Sustainability Report Card (National)The Billion Dollar Green Challenge (National Challenge)Leaders in Energy Efficiency Financing (Regional Network)The Sustainable Endowments Institute
  2. 2. Why choose a Green Revolving Fund?• Transform expense into investment• Convey reputational benefits• Catalyze a culture shift• Alleviate pressure from tight budgets• Reduce internal transaction costs• Institutionalize a mechanism for reinvesting• Performance Tracking• Seize new fundraising opportunities
  3. 3. Anatomy of a Green Revolving Fund• Seed Capital• Accounting Systems• Fund Oversight• Fund Operations and Project Selection• Project Criteria• Measuring Savings• Long-term Strategy
  4. 4. 10 Steps to a Successful GRF1. Do your homework2. Select your model3. Access opportunity and run the numbers4. Build buy-in5. Secure seed capital6. Establish financial flows7. Launch and manage8. Implement projects9. Track, analyze, and assess performance10. Optimize and improve
  5. 5. • Financial Goals• Environmental Goals• Education or Community Goals• Types:EfficiencyInnovation & EngagementHybrid• Champions• Sources of Capital• Fund Size• Project Selection• Payback Criteria
  6. 6. • Champions• Sources of GRF Capital• Fund Size• Fund Structure & Management• Payback Criteria• Interest Charges
  7. 7. • ROI & Other Benefits• Reported payback• Loan vs. Accounting Model• Estimating & Verifying Performance• Tracking Savings• GRF Restrictions
  8. 8. 01020304050607080NumberofGRFsYearGrowth of Green Revolving Funds: 1992-2012 N = 79
  9. 9. 1611178271214170510152025300-4,999 5,000-14,999 15,000-24,999 25,000+NumberofInstitutionsDistribution of GRFsDistribution of Green Revolving Fund Institutionsby Enrollment Size20112012N = 70
  10. 10. 405106260510152025303540450-49k 50-99k 100-249k 250-499k 500-749k 750k+NumberofInstitutionsEndowment Value per StudentDistribution of Green Revolving Funds by EndowmentValue per StudentN=68
  11. 11. 3823336 7251639051015202530354045NumberofInstitutionsChampionsGreen Revolving Fund ChampionsN= 69
  12. 12. 83523276352140510152025NumberofInstitutionsType of fundingGreen Revolving FundCommon Sources of CapitalN= 59
  13. 13. 1415 15222716051015202530Above $1 million $100k - $999k Under $100kNumberofInstitutionsSize of GRFsNumber of Green Revolving Fundsby CapitalizationSeries1Series2N= 65
  14. 14. Institution Fund Name Est. Fund Commitment Projects ROIWestern Michigan University Quasi-Revolving Fund 1980 $385,000 101 47%Stanford University Energy Retrofit Program 1993 $2,000,000 381 27%Harvard University Green Loan Fund 2001 $12,000,000 200 29.9%Stanford University Whole Building EnergyRetrofit Program2004 $8,000,000 25 22%Boston University Sustainability RevolvingLoan Fund2008 $1,203,000 13 57%Iowa State University Live Green RevolvingLoan Fund2008 $1,000,000 13 24%University of Colorado,BoulderEnergy and ClimateRevolving Fund2008 $521,186 80 37.8%Caltech Caltech EnergyConservationInvestment Program2009 $8,000,000 30 24%Swarthmore College Renewing Fund forResource Conservation2009 $43,500 N/A 28.6%University of Denver Energy Reserve Fund 2009 $6,570,297 32 53%
  15. 15. Fast Facts Total green revolving funds: 79 GRFs at private institutions: 42 GRFs at public institutions: 37 U.S. states represented: 31GRF Size Smallest fund: $12,000 (Bucknell University) Largest fund: $13 million (University of Vermont) Median fund size: $400,000 Average fund size: $1.41 millionReturn on Investment Minimum reported ROI: 20 percent Maximum reported ROI: 57 percent (Boston University) Median reported ROI: 28 percentPayback Minimum reported average project payback: 1.6 years Maximum reported average project payback: 7.8 years Average reported average project payback: 4.4 years
  16. 16. Green Revolving Investment Tracking System (GRITS)
  17. 17. Dartmouth Green Revolving Loan FundFOM ProjectsCommunity Fund
  18. 18. Dartmouth Green Revolving Loan FundFOM ProjectsCommunity Fund
  19. 19.  Existing accounting structures Organizational entanglements The lighting speed of large organizations Sustainability Project bandwidth and priorities
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