ESG (Environmental, Social, and Governance) investing was once a dominant theme in nonprofit and institutional portfolios, with many organizations incorporating values-based considerations into their investment policies and decision-making. However, over the past several years, ESG has faced increasing scrutiny, political pushback, and shifting investor sentiment, leaving many nonprofit leaders questioning its relevance today. So where does ESG stand now? Has it truly faded, or is it quietly evolving into a more integrated and practical approach? This session will explore the current state of ESG investing, separating headlines from reality. Attendees will gain a clear understanding of how ESG strategies have performed, how asset managers and institutional investors are adapting, and how regulatory and political dynamics are shaping the landscape. Most importantly, the session will translate these trends into practical guidance for nonprofit organizations and associations. We will address how boards and finance committees can approach ESG thoughtfully.