Word: escrowed
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Five years ago students concerned about Harvard's refusal to divest of its South Africa-linked investments set up an alternative endowment that would be held in escrow. Harvard would get the money if it divested or if apartheid ended in South Africa. Those active in this Endowment for Divestiture (E4D) argue that donations to the College implicitly endorse the University's immoral and mulish decision not to divest from organizations that do business in South Africa...
...recent innovations of the divestment movement have included the creation of the Endowment for Divestiture--an ingenious alternative to the Senior Class Gift--which holds contributions in escrow until the University divests. In addition, a recent proposal spearheaded by Noah M. Berger '89, a member of the Southern African Solidarity Committee, seeks to take legislative action to limit Harvard's access to tax-free state bonds as long as it maintains its current investment policy...
...business. The money temporarily relieved a financial squeeze that had grown severe since Washington froze some $50 million in Panamanian funds in the U.S last month. To prevent companies from easing Noriega's fiscal woes any further, the Administration belatedly asked U.S. firms to put future payments into an escrow account...
...This fund is for people who feel secure about resisting. They give directly to an organization. Their money is never returnable as in the escrow fund," Pierce said...
NEWTR provides several alternatives for tax resisters. It maintains an escrow fund into which tax resisters can deposit their tax money for an indefinite amount of time. This fund is a security for tax resisters who later decide to pay their debt to the IRS, organizers said...