Word: e4d
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...E4D was established in 1983 by the Undergraduate Council as an alternative to the Senior Class Gift. Since then, the endowment has accumulated more than $ 28,000 in contributions from graduating seniors and alumni. The money will be kept in escrow in an interest-bearing account until Harvard divests from companies with ties to South Africa or the United Nations declares that apartheid has ended...
...these happens before 2003, the money in the fund will be turned over to the University to be used in the same manner as Class Gifts, which are added to scholarship and activities funds. If, by 2003, Harvard has not divested and South Africa remains intransigent, the money in E4D will be donated to socially responsible campus charities...
...E4D is perfectly consistent with the Senior Class Gift's goal of improving undergraduate life. It allows students to make a financial contribution to Harvard without endorsing Harvard's practice of investing in South Africa-related companies...
...annual operating budget and not the endowment. But this excuse relies on an accounting gimmick: supporting the operating budget simply frees up more money for investment, which means that a contribution to Class Gift could end up supporting a company that profits from institutionalized racism. A contribution to E4D cannot...
...E4D also represents a moral component of our education, as it attempts to reform a policy that has outraged students and alumni for more than two decades...