‘DIVEST’: College endowments turn into flash point of student protests

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Many student groups are pushing schools to exert financial pressure on Israel. Experts say that won’t be so easy.

Signs read “No Others Like Hisham” and “Brown Divest Now” in the Gaza solidarity encampment at Brown University in Providence, R.I., on Wednesday. Hisham Awartani, a Palestinian American student at Brown, was wounded in a shooting in Vermont over Thanksgiving break. that fund anything from financial aid to new buildings.

Protests against the war in Gaza continued at colleges across the country overnight April 25 into April 26, as arrest numbers climbed. endowments hold nearly 60 percent of the total market value. Harvard, which leads the pack, has a roughly $50 billion endowment. In the decades since, campus divestment campaigns have focused on a range of social, environmental and economic issues. In 2015, Columbia divested from private prisons, selling roughly 220,000 shares in the world’s largest private security firm, G4S, following a student activist campaign. The University of California system has also sold billions of dollars in assets tied to fossil fuel companies since 2020.Eaton said schools often don’t suffer material financial losses from those sales.

At some schools, student groups have expanded their calls beyond Israeli companies to include American firms such as Google and Microsoft, which have extensive reach around the globe and, they claim, benefit the Israeli military.graduate student at Columbia’s School of International and Public Affairs, said it was the" problem, not ours,” to sort out the logistics of divestment.

 

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