Word: engelhards
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Some may argue that very little of the clean stuff circulates among the foundations that offer such gifts, so to start singling out the gifts of some as unnacceptable is hypocritical. A Kennedy School official, attempting to explain his approach to gifts such as the Engelhard million, said he found some validity in the argument President Lowell used to make, that "to reject one gift on moral grounds would be to certify the moral validity and rectitude of past gifts." This argument seems as much an abdication of social responsibility as Engelhard's explanation of why he chose...
...fairly forceful one. But here the standard definition of "no strings attached money" is in need of revision. A gift must not only have no conditions placed on its use; it must also be agreed that the source of the gift remain anonymous. Harvard, by allowing the Charles Engelhard Foundation to be publicly associated with the new facility legitimizes, however subtly, Engelhard's business practices...
...sense, it does, for if a family no longer earns its money in questionable ways, the public gift does not have quite the same self-serving legitimating impact. But while the Cabots may now be hundreds of years removed from the wealth they earned in the slave trade, the Engelhard family South African connection lives on, albeit without Charles...
SHORTLY before his death, Engelhard, in a complicated series of transactions, sold off much of his South African interests to Anglo-American and other companies. The current Engelhard family parent corporation, Engelhard Minerals and Chemicals, still has diversified holdings in South Africa, but in the recent climate of intensified criticism of U.S. operations there, the Engelhard company has refused to disclose the extent of the assets and activities of its privately held South African subsidiary. In October, 1976, the company refused to cooperate with Sen. Dick Clark's committee studying U.S. investments in Southern Africa...
Meanwhile, the Engelhard family has shifted much of its formerly South African capital into the manufacture of pollution control devices. But somehow it doesn't seem to make their money much cleaner...