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If not for the power of shareholders to influence the investment policies and internal practices of the corporations they own a piece of, Nelson Mandela would probably still be imprisoned and apartheid would still exist in South Africa. Beginning in 1972, the activism of investors representing billions of dollars, including United Methodist Charities and Catholic Charities, had a profound effect on the willingness of the world’s largest corporations to maintain investments in South Africa.
At Wainwright Bank, we believe the management of one's financial affairs is not a morally neutral endeavor; where you invest your money, and who you buy your goods and services from can influence social conditions. Whether you are a depositor of modest means or a charitable foundation, we consider the stewardship of your funds to be a statement of support for our socially progressive banking philosophy.
"[The story of efforts in the U.S. to aid the anti-apartheid movement in South Africa] demonstrates that acts of protest and conscience, so often dismissed as pointless, can gradually accumulate into an irresistible force for change. It suggests, in an era when people feel overwhelmed by the power of elites, that social transformation can take place from below. It outlines the circumstances under which economic calculations about institutional self-interest can give way to broader concern for human well-being. It counters our sense of futility by reminding us that amazing changes can and do take place in history -- and that they depend not only on the evolution of impersonal forces but also on human imagination and commitment. We have control over our ideas, our ideas have material consequences, and, in the end, as a people, we become what we believe."
- Robert Kinlock Massie, Loosing the Bonds: The United States and South Africa in the Apartheid Years (New York: Doubleday, 1998).
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Boston Foundation
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The Boston Foundation, Greater Boston's community foundation since 1915, is made up of hundreds of charitable funds totaling $630 million. In 2001, the Foundation made grants of nearly $50 million to nonprofit organizations. The Foundation holds a growing number of Donor Advised Funds established by donors who actively participate in their philanthropy. It also encourages giving in Boston and plays a civic leadership role in the community. |
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| Kinder, Lydenberg, Domini & Company, Inc. (KLD) |
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Since 1989 KLD has offered money managers easy-to-use, comprehensive, and accurate social research on U.S. corporations. |
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| Trillium Asset Management (formerly Franklin Research & Development Corporation) |
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is the oldest and largest investment management firm specializing solely in the field of socially responsible investing providing its clients with innovative and effective avenues to positively influence the direction of our economy. Wainwright Bank acquired a 30% equity share of this employee owned company in November 1997. |
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| Political Research Associates (PRA) |
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PRA is an independent, nonprofit research center dedicated to monitoring the activities of the U.S. political right, providing archival information on the right-wing and playing an active role in efforts to resist right-wing programs. |
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| Episcopal City Mission |
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Organized In 1844, Episcopal City Mission has continually worked to resolve the plight of the urban poor. Through their goals of empowerment and transformation they seek to address the social and economic conditions that are the causes of poverty. |
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| Partners for the Common Good 2000 (PCG2000) |
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PCG2000 applies ethical principles to investment choices. It directs loans and deposits through intermediaries to projects which promote economic justice and social change |
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| Resist, Inc. |
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Founded in 1967, Resist was originally formed to oppose the war in Vietnam and to support draft resistance. By the 1970s, Resist expanded its scope dramatically by making the connection between the unequal distribution of power and money at home, and a system of U.S. domination abroad. Today, Resist remains a political organization committed to radical social change. As such, Resist funds small-budget groups who struggle towards a broad vision of social justice, while continuing to oppose political and institutional oppression. Resist also publishes a well respected newsletter focusing on topics of interest to progressive activists. |
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