Dion J. Pierre
Algemeiner, Sept. 13, 2024
“… there is no “shared understanding” among scholars and experts, nor among its own community, about the Israeli-Palestinian conflict that would make divestment from Israel as morally cogent as divesting from South Africa in the 1980s or, more recently, fossil fuels.”
American universities are largely rejecting demands to divest from Israel and entities at all linked to the Jewish state, delivering further blows to the pro-Hamas protest movement, which students and faculty pushed with dozens of illegal demonstrations to coerce officials into enacting the policy.
“We have a fiduciary responsibility to preserve and grow the endowment, which directly supports the mission of the university,” Chapman University trustee Jim Burra said in a statement issued on Wednesday. “It is important that we make financial decisions based on risk and return.”
Late last month, the University of Minnesota provided similar reasons for not divesting from Israel, citing “fiduciary duty” and the extent to which the Israeli-Palestinian conflict polarizes the campus community. However, the university adopted a new policy for its investments, a so-called “position of neutrality” which insulates official business from the daily caprices of political opinion.
“For the past several months, we have sought expert analysis and a variety of perspectives on how the university invests its Consolidated Endowment Fund,” Board of Regents chair Janie Mayeron said in a statement. “We have reviewed how this fund operates, how it supports affordable education for students, groundbreaking research, and community engagement, and the possible financial challenges of divestment … In the end, it is clear our community is divided on the topic. After careful consideration of all this input, we believe today’s action honours our fiduciary duty and the long-term needs of the university.” … [To read the full article, click here]