“The Endowment is Not the Issue”

“While the divestment groups have centered their most recent efforts on the abstract idea that “investments should reflect [Harvard’s] moral and political principles,” some of the campaigns have also argued that divestment will help change larger issues beyond the school. However, there is little evidence to support this claim. Research on the divestment movements’ impact on apartheid South Africa, one of the most public such campaigns in history, concluded that it had negligible impact on share prices themselves, though it may have contributed to the greater social pressure against the regime.”