Socially Responsible Investing

Resolution Adopted by the CCAR

SOCIALLY RESPONSIBLE INVESTING

Adopted by the 108^th Annual Convention of the

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.