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target resource reduction and cost saving, but also consider community engagement and outreach goals. The majority of funds follow this model. They finance efficiency projects in addition to a wider range of initiatives such as renewable energy development, solid waste diversion, and reducing use of
300:
Green revolving funds can invest in a wide variety of projects and have supported projects that impact a university's carbon footprint or local environment. Examples of these projects include: installing technology that conserves water and electricity; improving campus recycling rates; instituting a
239:
published the paper "Greening the Bottom Line: the Trend toward Green
Revolving Funds on Campus." The paper researched the 52 active green revolving funds in the US, with findings based on a series of interviews and surveys with sustainability directors and administrators involved in green revolving
243:
Greening the Bottom Line reports on a green revolving fund's formation, operation, and financial performance. The report was written with the explicit purpose to provide a baseline for tracking the continuing emergence of green revolving funds in higher education to act and to act as a resource for
394:
provide capital to energy and/or water efficiency measures. Their goals are to reduce resources and save money. Project ideas are initiated and managed by staff from
Facilities, Energy Management and/or Finance Departments. Efficiency funds tend to require a relatively short payback period and are
301:
campus composting program; increasing campus waste diversion from landfills; replacing a fuel source (e.g. converting campus plants to burn biomass or biodiesel instead of traditional fuel sources); and introducing behavioral change programs that raise student awareness of individual resource use.
409:
materials like paper or synthetic lawn chemicals. Hybrid funds often seek to engage and/or educate the campus community in sustainability efforts. A broad set of campus stakeholder groups tend to provide oversight to hybrid funds while they are administered by facilities or sustainability staff.
401:
explicitly seek community engagement in project proposals. The projects it funds may have short paybacks, long paybacks, or no payback requirements. Innovation funds often provide loans that require repayment for projects that will result in operational savings, and they use these returns to
137:, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk. Borrowers tend to be small producers of goods and services: typically, they are artisans, farmers, and women with no
451:
Ensure that a school will have a ready source of capital earmarked explicitly for projects that have a demonstrated impact on sustainability, operating without the threat of seed money or cost savings being reabsorbed into a utility or central administrative
141:
or access to other types of loans from financial institutions. Organizations that offer revolving loan fund lending aim to help new project or business owners become financially independent and eventually to become eligible for loans from commercial banks.
163:, when it is initiated on college and university campuses. These types of funds target projects that improve campus energy-efficiency, reduce resource use, and implement other projects and programs that fall under the category of
447:
Develop renewable energy technology that can be used to further campus research and offer opportunities for interdisciplinary education and research on sustainability, which can provide additional resources to supplement the
171:
145:
The fund gets its name from the revolving aspect of loan repayment in which the central fund is replenished as individual projects pay back their loans, creating the opportunity to issue other loans to new projects.
167:. In recent years, GRFs have become increasingly popular on campuses in the United States. The funds operate and are managed by the university, with loans issued to university departments or campus groups.
402:
subsidize grants for projects that will not result in cost savings. Innovation funds are generally administered by a committee and often include significant student participation and/or oversight.
174:(AASHE) released a database of campus sustainability revolving loan funds. As of March 2013, there were 84 revolving loan funds at 80 institutions in North America containing $ 118,737,518.
669:
251:
the number of institutions with green revolving funds is growing. Out of the 52 reported active green revolving funds, 37 funds were created between 2008 and 2011.
254:
an institution does not have to be wealthy to create a green revolving fund: over 32 percent of funds reported in
Greening the Bottom Line are $ 100,000 or less.
125:(RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share many characteristics with
700:
605:
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Schools with green revolving funds report an average project payback periods ranging from 1 year to 10 years, with a median of 4 years.
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236:
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Record baseline data to compare resource-use consumption over time and/or to promote increased tracking of energy and water use.
61:
46:
68:
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772:"Sustainable Energy Revolving Loan Fund (SERLF) | Student Sustainability Initiative | Oregon State University"
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189:
75:
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210:(OR) - Oregon State Universities Sustainable Energy Revolving Loan Fund was initiated in 2010 and has $ 300,3000.
57:
432:
343:
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Improve campus building comfort, functionality, and efficiency as well as reduce building maintenance needs.
207:
258:
201:
417:
Green revolving funds can impact many aspects of an institution's daily operations. They can be used to:
485:
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with 63 percent ROI for their Energy
Reserve Fund's project portfolio. The minimum reported ROI is from
324:
284:
481:
477:
459:
280:
878:
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Foster collaboration between offices of finance, sustainability, facilities, faculty, and students.
262:
223:
183:
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226:(OH) - The Revolving Environmental Efficiency Fund (REEF) was developed in 2010 and has $ 5,000.
584:
387:
There are three types of green revolving funds that target different institutional priorities.
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269:
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Reduce a school's operating budget(s) by decreasing campus electrical and water consumption.
217:
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Greening the Bottom Line found that for those institutions with green revolving funds:
204:(OR) - Lane's Energy Management Fund was initiated in 2006 and has $ 122,000 available.
164:
138:
872:
852:, Association for the Advancement of Sustainability in Higher Education; April 2007.
348:
Traded 7,450 incandescent bulbs for energy-efficient fluorescents in student housing
268:
there was a range of college and university student population, from 1,381 students (
796:
714:
504:
Colleges and universities seek seed funding from a variety of sources, including:
257:
there was a range of college and university endowment size, from $ 7.6 million (
126:
24:
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220:(MN) - The Sustainability Revolving Fund (SRF) began in 2007 and has $ 71,101.
863:
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198:(OH) - The student-run Green EDGE Fund was created in 2007 and has $ 344,000.
857:"Greening the Bottom Line: the Trend toward Green Revolving Funds on Campus"
441:
Update aging infrastructure by installing newer energy-efficient technology.
775:
231:
Greening the Bottom Line: the Trend towards Green
Revolving Funds on Campus
159:
The revolving loan fund is often referred to as a green revolving fund, or
303:
476:
Green revolving funds on the college and university level report a high
648:
645:"Office for Sustainability: History | Sustainability at Harvard"
421:
Provide up-front capital for energy and/or water efficiency measures.
172:
Association for the
Advancement of Sustainability in Higher Education
856:
240:
fund development and operation at the college and university level.
186:(MA) - The Green Loan Fund was created in 2001 and has $ 12,000,000.
508:
allocations from the central budget or other administrative sources
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the installation of student fees and student government grants
18:
192:(MI) - WMU's Quasi GRF was created in 1980 and has $ 365,000.
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typically not used to engage the broader campus community.
367:
Upgraded 30 showerheads at 2.35 gpm with low-flow 1.5 gpm
279:
schools reported a range on their GRF project portfolio's
619:
488:'s Live Green Revolving Loan Fund with a 29 percent ROI.
462:
and a high level of involvement by the campus community.
859:, the Sustainable Endowments Institute; February 2011.
866:, the Sustainable Endowments Institute; October 2012.
850:"Creating a Campus Sustainability Revolving Loan Fund"
822:"Home - REEF - Confluence at The College of Wooster"
244:institutions interested in establishing their own.
49:. Unsourced material may be challenged and removed.
523:a combination of two or more of the above sources.
855:Weisbord, D., Dautremont-Smith, J., Orlowski, M.
797:"Our Campus - Sustainability - Carleton College"
517:Outside donations or other foundation funding
8:
514:previous efficiency and utility cost savings
458:Accrue savings because of a high reported
109:Learn how and when to remove this message
329:Energy-saving software on 500 computers
16:Source of money for small business loans
533:
467:Financial data on Green Revolving Funds
274:University of Illinois Urbana-Champaign
862:Flynn, E., Orlowski, M., Weisbord, D.
699:: CS1 maint: archived copy as title (
692:
604:: CS1 maint: archived copy as title (
597:
565:: CS1 maint: archived copy as title (
558:
848:Dieboldt, A., Den Herder-Thomas, T.,
480:. The highest reported ROI is at the
7:
47:adding citations to reliable sources
520:investments from the endowment, or
413:Benefits of a Green Revolving Fund
14:
715:"Oberlin College Green EDGE Fund"
620:"AASHE Campus Sustainability Hub"
296:Sample of GRF-Supported Projects
237:Sustainable Endowments Institute
23:
864:"Greening the Bottom Line 2012"
399:Innovation and engagement funds
178:Sample of Green Revolving Funds
34:needs additional citations for
383:Types of Green Revolving Funds
338:$ 49,000 annually (projected)
1:
190:Western Michigan University
900:
272:) to 42,000 students (the
155:Green Revolving Fund (GRF)
751:Greeningthebottomline.org
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433:greenhouse gas emissions
344:University of Notre Dame
289:the University of Denver
747:"1&1 IONOS Hosting"
208:Oregon State University
259:Lane Community College
202:Lane Community College
170:In February 2013, the
150:Popularity in academia
500:Sourcing Seed Funding
486:Iowa State University
325:Iowa State University
285:Iowa State University
235:In February 2011 the
58:"Revolving Loan Fund"
482:University of Denver
478:return on investment
472:Return on Investment
460:return on investment
316:Cost W/O Incentives
281:return on investment
43:improve this article
261:) to $ 25 billion (
123:Revolving Loan Fund
427:Reduce a school's
357:$ 20,000 annually
263:Harvard University
224:College of Wooster
184:Harvard University
801:Apps.carleton.edu
380:
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287:) to 63 percent (
283:from 29 percent (
270:Kalamazoo College
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429:carbon footprint
392:Efficiency funds
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218:Carleton College
131:micro-enterprise
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376:$ 866 annually
363:Oberlin College
313:Payback Period
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54:Find sources:
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32:This article
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829:. Retrieved
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776:the original
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406:Hybrid funds
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41:Please help
36:verification
33:
448:curriculum.
127:microcredit
879:Investment
873:Categories
782:2012-03-06
686:2009-05-25
655:2010-11-19
591:2011-06-24
552:2019-04-15
528:References
99:March 2019
69:newspapers
844:Resources
354:$ 17,600
695:cite web
600:cite web
561:cite web
335:$ 3,039
332:23 days
319:Savings
310:Project
831:3 March
806:3 March
756:3 March
724:3 March
629:3 March
452:budget.
370:1 year
351:1 year
307:School
83:scholar
373:$ 900
133:, and
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884:Loans
680:(PDF)
673:(PDF)
90:JSTOR
76:books
833:2019
808:2019
758:2019
726:2019
701:link
631:2019
606:link
567:link
431:and
62:news
404:3.
397:2.
390:1.
161:GRF
45:by
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