Our Endowment

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When one receives an endowment, sound fiscal policy dictates that only the interest from the principal be used. A prudent manager of the endowment would invest at least a portion of the interest back into the endowment principal in order to increase the holdings and the future earning potential. If, over time, the interest and a portion of the principal are spent each year, the endowment will slowly disappear and no longer be of use. The earth and its resources are our natural endowment. For centuries we lived primarily off the interest, using those resources that were constantly renewed by the natural endowment. Unfortunately, we are now making major cuts into the principal, and the inheritance we are leaving future generations is significantly less than what we have received.  Our responsibility to future generations challenges us to return to a more sound ecological endowment policy.

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About Mark Y. A. Davies

Mark Davies is The Wimberly Professor of Social and Ecological Ethics and Director of the World House Institute for Social and Ecological Responsibility at Oklahoma City University. From 2009 to 2015, Mark was dean of the Petree College of Arts and Sciences and Wimberly Professor of Social Ethics at Oklahoma City University. Previously, Mark was dean of the Wimberly School of Religion at Oklahoma City University and Founding Director of the Vivian Wimberly Center for Ethics and Servant Leadership. Prior to becoming dean of the Wimberly School of Religion in 2002, he was associate dean of the Petree College of Arts and Sciences at Oklahoma City University and chair of the department of philosophy. Mark has published in the areas of Boston personalism, process philosophy and ethics, and ecological ethics. Dr. Davies serves on the United Methodist University Senate, which is “an elected body of professionals in higher education created by the General Conference to determine which schools, colleges, universities, and theological schools meet the criteria for listing as institutions affiliated with The United Methodist Church.” He and his wife Kristin live in Edmond, OK in the United States, and they have two daughters. The views expressed by the author in this blog do not necessarily represent the views of Oklahoma City University.
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