Since its founding in 1893, American University has benefited greatly from the devotion, service, intellectual contributions, ethical behavior, and philanthropy of many thousands of faculty, staff, students, alumni, and friends.
In a very real sense, they also are "trustees" of the institutions by virtue of their dedication, affection, and generosity that help to ensure that the University will faithfully serve this and future generations. Those of us who have been chosen to serve as fiduciary trustees for a period of time—to safeguard the University's assets and to foster its capacity to serve others—enthusiastically and without reservation accept the following additional responsibilities as evidence of the commitment of each trustee. Read the Trustees' Statement of Commitment.
May 2020 Meeting Summary
The American University Board of Trustees meeting on May 14-15 was focused on the ongoing challenges of COVID-19, the university’s response, and the comprehensive planning for the fall semester and beyond. In compliance with health and safety guidance and District of Columbia stay-at-home orders, the meeting was conducted via videoconferencing. While we were disappointed to miss the engagements with the AU community that are highlights of our meetings, we look forward to future events when we can once again be together in person.
AU Divests Public Fossil Free Investments from Endowment
On Earth Day (April 22, 2020), American University announced that it has divested all public fossil fuel investments from its endowment. AU has had no direct investments in fossil fuel funds for several years. In a series of transactions over the last few months, the Board of Trustees eliminated the remaining $12.9 million of fossil fuel exposure within the public endowment portfolio. This action was executed through the sale of $350 million in commingled and index funds.