Tools to Kick off Your Divestment Campaign
In January 2012, the United Methodist General Board of Pension & Health Benefits (GBPHB) divested from the largest private, for-profit prison entities: Corrections Corp. of America (CCA) and GEO Group. GBPHB also created a new investment screen to prohibit investment in companies that derive more than 10% of revenue from the management and operation of prison facilities.
Concerned members of the United Methodist Church (UMC) set up a petition, United Methodists Against Unjust Investments, to raise awareness about the UMC's investments and to educate its membership about private prisons.
Learn more about the UMC pension divestment story here.
Petitions for Member Education and Mobilization
In July 2012, the General Assembly of the Presbyterian Church (PCUSA) voted to affirm a statement they made in 2003 to oppose private prisons. The Resolution Calling for the Abolishment of Private Prisons also encourages individual Presbyterians and congregations to divest from private prisons.
Anti-Private Prison Resolutions
Unlock your Pension
a toolkit for pension divestment
Too many public pensions are directly invested in the private prison industry. The future financial security of teachers and public employees should not depend on separating families and locking up our community members. Read Unlock your Pension and learn how to start divesting today!
California unions and labor councils are taking on their pensions' toxic private prison investments. Check out their resolutions:
In 2015, foundations finally started to put their investments in line with their philanthropy: the California Endowment was the first to publicly divest from private prisons in December 2015. Several others have followed suit, including: Heron Foundation and Hazen Foundation. Hazen Foundation's Investment Policy Statement on private prisons is below: