“Harvard presidents have long maintained that the University’s endowment is not an appropriate tool for enacting social change despite persistent calls from activists, most recently to withdraw holdings from the fossil fuel and private prison industries.
Bacow’s statements on Thursday reflected this precedent: he reiterated the apolitical nature of the endowment and said that this policy has served the University well. Bacow added that Harvard has a responsibility to donors to generate money for research and ‘scholarly endeavors,’ according to the press release.”
The school has to ensure that those funds are available not only for today’s students but also for future generations.
Post by Marcelino Pantoja