Word: biko
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What this meant in the long-run was that the carrot-and-stick approach would be taken away from Harvard students if they supported the Biko Fund. Moreover, the Fund might be then used to detract from the real target of student concern on the South Africa issue: the Corporation's investment policy. Weighing this result against the very limited symbolic significance of the Biko Fund, it became clear that the political costs of keeping the Fund would far outweigh its benefits...
After much thought and agony. I am as of this day withdrawing all support for the Stephen Biko Memorial Fund. For I believe that any tactic which substantially damages the chances of accomplishing the long-term goal should not be supported. Since the Biko Fund takes from students the financial lever--perhaps the only one left after failed marches, failed petitions, and failed discussion--it should not be supported. Support for such a Fund should come only after the Harvard Corporation has adopted an investment policy which clearly supports the withdrawal from South Africa of all American corporations in which...
...response to recent questions concerning the efficacy of the Stephen Biko Memorial Fund, we feel it necessary to clarify its positive aspects...
...Class Committee envisioned three main goals in establishing the Biko Fund. First, it allows individuals who otherwise would not have contributed to make a positive statement against University investment policy. Second, the existence and support of the Fund will be a symbol of discontent and concern over the current situation in South Africa. Third, the Fund will provide direct support for the undergraduate education of black and colored South Africans at Harvard...
...Harvard's equal access policy, all students admitted receive the necessary aid to finance their education whether they be international or American students. The argument has been raised that the Biko Fund merely substitutes for money that would otherwise be forthcoming. However, the very existence of this Fund compels the Admissions Office to seek qualified recipients (once a minimum of $5000 has been raised). Therefore the Fund could induce the recruitment of a black South African who would otherwise not have matriculated...