Green Revolving Fund
Initiated in 2013, the Champlain College Green Revolving Fund (GRF) is an investment fund that finances energy efficiency, renewable energy, and other sustainability projects on campus. The Fund provides capital for special projects conducted by Physical Plant that reduce environmental impact and can repay the fund with cost-savings within five years. A portion of these savings are used to support a subsidiary Green Community Fund that finances smaller community-led sustainability projects which may lack monetary savings but are in clear alignment with Champlain College's sustainability objectives.
The mission of the Champlain College Green Revolving Fund is to encourage environmentally sound technologies and practices on Champlain's campus. The GRF will finance innovative projects that reduce the College's environmental impact, improve the educational environment, and generate financial returns while engaging students, staff, faculty, and administrators in the decision-making and implementation process. The fund will further the broader academic mission of the College while helping it to reduce greenhouse gas emissions and embody the College's values. Sustainability is one of the seven values of the College, which drive the goals of Champlain 2020: A Strategic Plan for Champlain College 2010-2020.
The fund functions as an independent fiscal entity managed by a committee of Champlain community members. The Fund will grow over time by collecting cost-savings from the projects it funds and reinvesting them in new projects. This structure will provide substantial cost-savings over time, while offering opportunities for engagement and hands-on learning for the entire Champlain community.
- To foster environmentally sound technologies and practices on Champlain's campus.
- To empower students, staff, faculty, and administrators with opportunities to move the College toward sustainability and carbon neutrality.
- To ensure that beneficial and profitable green projects do not go unfunded due to capital constraints.
- To buffer Champlain's budget against rising energy prices.
- To transform Champlain into a national leader in sustainable practices and demonstrate that sustainability can be financially viable.
The fund will be managed by a GRF committee including:
- Physical Plant Director
- Sustainability Director
- Budget Director, or representative of Finance Office
- One administrator
- Representative of Advancement Office
- Up to two (2) faculty members
- Two students, one of whom is appointed by the Student Government Association
Full Description of the Green Revolving Fund
Next Committee Meeting: November 5th, 2013, 9:30-10:30am, IDX 309
Physical Plant projects should meet the following criteria:
- Produce financial savings that will pay for the initial cost of the project within five years. Shorter payback periods are preferred.
- Quantifiably improve the environmental sustainability of Champlain College (e.g. improved energy efficiency, renewable energy generation, and waste reduction).
- Use loan funding cost-effectively as measured by the environmental impact reduction per dollar.
The Committee will evaluate proposed Community Fund projects on the following criteria:
- Promote awareness and understanding of sustainability in education, campus culture, and behavior.
- Directly or indirectly reduce Champlain's environmental impact.
- Encourage student participation, learning, and leadership.
- Engage members of the Champlain community.
- Use funding cost-effectively.
- Produce financial savings that can pay for the initial cost of the project (required only of projects that, exceed $2,500).
GRF Project Application Form - Physical Plant
GRF Project Application Form - Student/Campus Community Member
Applications for Projects are November 1 and March 1.