Resolution Adopted by the CCAR

SOCIALLY RESPONSIBLE INVESTING

Adopted by the 108th Annual Convention of the
 Central Conference of American Rabbis

June, 1997

WHEREAS, the CCAR has on numerous occasions applied our Jewish values to economic activity in the market place, and

WHEREAS, we have a responsibility to apply such values to our own activities, therefore

BE IT RESOLVED, that the CCAR instructs its Investment Committee and urges the Rabbinical Pension Board to:

(1) develop investment policies that insure that Jewish values and social responsibility will play major roles in their decision-making processes, and

(2) incorporate within these policies a Chai Investment Program [CHIP] whereby 1.8% of all invested funds, including endowment and pension funds, will be invested in community development agencies, and

(3) report these policies to the 1998 CCAR convention.