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Macalester College Clean Energy Revolving Fund (CERF)   Macalester College Clean Energy Revolving Fund (CERF)


Clean Energy
Revolving Fund
Macalester College
Olin Rice 249
1600 Grand Avenue
St. Paul, MN 55105
651-696-6274
Comments & questions to:
shansen2@macalester.edu


CERF Financing

 

A fund designated solely for efficiency and sustainability projects will prevent rising energy costs from inhibiting projects which would reduce the pressures from those costs. Such an innovative solution would make Macalester a national leader with a creative model for financing sustainability which other institutions could follow. Harvard’s example has shown that revolving mechanisms for sustainability projects are very lucrative economically (Harvard’s $6 million Green Campus Loan Fund has achieved an average annual Return On Investment of 27.9% [1]). However the full integration of community led educational innovation with the financing technique has not been utilized by Harvard or other revolving funds. Thus our fund would be a particularly apt representation of Macalester’s engagement, diversity and dynamism.

FINANCING CERF

Pending approval, CERF will receive phased start-up funds totaling $100,000 from the following sources:

Phase I:  Spring 2006 – $27,000

Approved:

$20,000 from the MCSG capital fund. Approved by the MCSG LB on April 18, 2006, conditional on the inclusion of a MCSG representative to the CERF board – included April 22.

$7,000 from Environmental Studies, approved April 11.

Phase II:  Fall 2006 – $40,000

Approved:

$40,000 from President Rosenberg’s discretionary funding, allocated as CERF develops projects to utilize it.

Phase III: Spring 2007 – $30,000

Possible Sources:

Macalester College funds.

Funds solicited from: alumni, private-sector, and foundation grants

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[1] See http://www.greencampus.harvard.edu/gclf/achievements.php


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