The protests over the Israel-Hamas war put a spotlight on college endowments

The New School students and pro-Palestinian supporters rally outside The New School University Center building, Monday, April 22, 2024, in New York.

College and university endowments hold hundreds of billions of dollars in assets, for example, with Columbia University's reaching $13.6 billion in 2023. Now, “It’s not as simple as some people think — maybe it’s just selling some stocks at a certain company. That said, I think anything is possible in today’s financial services industry,” Dyer said.

The protesters' demands also raise questions about what a university's priorities and responsibilities are, Ely said. “These elite institutions with big endowments have a lot of power and they concentrate wealth and power through their endowments,” Stephens said. “And they do have control over how that money is invested.”No. But divestment campaigns have succeeded by using a variety of tactics.

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