Word: biko
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Brian S. Petrovek '77, co-director of the Harvard-Radcliffe Fund, said while students can restrict the use of the Biko Fund, they haven't done...
...seniors have donated $2600 to the Biko Fund. Petrovek said the amount in the fund would have to reach $25,000 before the admissions and financial aid committee could use the money...
Back in April when the Senior Class Committee voted unanimously to send out a letter publicizing the newly-created Stephen Biko Memorial Fund, there was great hope that the Fund would succeed in bringing attention to an issue of vital concern to Harvard seniors and would directly assist the victims of South Africa's apartheid system. Though no one at the time viewed the Fund in and of itself as an adequate response to the challenge put forward by the Harvard Corporation's investment policy, everyone agreed that it would be a step in the right direction...
...with a possible boycott of the remainder of the Fund. Harvard students could use a carrot-and-stick strategy in dealing with the Corporation and its investment policy. If the Harvard Corporation continued its investment policy with firms with subsidiaries in South Africa, seniors and alumni could support the Biko Fund and boycott the remainder of the Gift Fund. If the Harvard Corporation adopted a more socially and morally responsible investment policy, then seniors and alumni could support both the Biko Fund and the remainder of the Harvard Gift Fund. In either case, seniors and alumni could do something...
...South African black students would fill a financial vacuum for these students. Recently however, after reviewing the functioning of the Fund. I discovered that the Fund would not actually fill a vacuum. Indeed, because the College's equal access policy covers foreign as well as American students, the Biko Fund money would actually serve as a substitute for money already forthcoming from the College financial aid office. From this realization, it followed that the Biko Fund would not have a diversionary effect on funds donated to the Harvard Gift Fund. In fact, unless it reached levels of phenomenal proportions...