Word: escrowed
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Currently, the fund holds about $20,000 in escrow. Harvard will not get the money until it divests or until significant changes occur in South Africa. If this doesn't happen by 2003, local community groups will get the money...
Most military aid would go into an escrow account to await "a legitimate government...which commands the support of the people of the Philippines," the bill said...
Solarz, chairman of the House subcommittee, said his bill would channel humanitarian and economic assistance through the Catholic church and other non-government organizations in the Philippines, while placing military aid in an escrow account until "a legitimate government" came to power...
Shortly before Thanksgiving, members of theEndowment for Divestiture, an alternative to theclass gift fund held in escrow until theUniversity divests, threatened to oust Offut fromthe endowment presidency. Offutt, endowmenttrustees said, was not being energetic enough insoliciting funds...
...Endowment is an upstart alternative to the traditional class gift fund. It holds contributions to Harvard in escrow until the University divests of its holdings in companies that do business in South Africa or the United Nations lifts its condemnation of apartheid, whichever comes first. If neither happens before the year 2003 rolls around, the Endowment will be distributed to local charities...