"Lewis & Clark College has divested its endowment funds from all weapons manufacturers, making it one of few higher education institutions in the U.S. to do so, according to Oregon Public Broadcasting. The new policy, approved by the private college's Board of Trustees in mid-October, also requires the institution to publicly post at least once a year a list of the companies it invests in."
"For nearly two years, Lewis & Clark students have been calling on college leaders to withdraw any investments in weapons manufacturers or Israeli companies. But Paula Hayes, chair of the college's Board of Trustees, said in a statement that the change had nothing to do with "any particular geopolitical situation or conflict." "Such considerations are inherently volatile, changing, and divisive, and contrary to the generally held view that the endowment should not be used to advocate specific positions on world affairs," she said."
Lewis & Clark College divested its endowment funds from all weapons manufacturers and will publicly post at least once a year a list of companies it invests in. The Board of Trustees approved the policy in mid-October. The policy omits any mention of the Israel-Hamas war that spurred divestment demands. Students campaigned nearly two years for withdrawal of investments in weapons manufacturers and Israeli companies. Paula Hayes, chair of the Board, said the change was unrelated to any particular geopolitical situation or conflict and argued such considerations are volatile and contrary to using the endowment to advocate positions. Students called the decision a political victory linked to boycott, divestment, sanctions activism. Several other universities have divested or considered similar actions.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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