Word: funds
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...After almost 400 seniors signed the petition in support of the fund, in April 1983 the Undergraduate Council approved the creation of this alternative to the senior class’ traditional contribution...
...Unlike a traditional senior gift, in which graduating seniors donate to the University to support programs at the College such as financial aid, this new fund would remain in escrow until either Harvard complied with the students’ demands or the United Nations lifted its call for divestiture...
Amid a brewing global debate about how best to address the system of racial apartheid in South Africa, Harvard’s graduating classes in the mid-1980s sought to bring the issue closer to home. Beginning with the class of 1983, graduating seniors created an alternative fund to the traditional senior gift called the Endowment for Divestiture in an effort to pressure the University to divest its endowment funds from companies doing business in South Africa—a call that echoed the United Nation’s similar recommendation...
...According to Claude D. Convisser ’84, some seniors in the class of 1984 also chose to continue donating money to the fund in an effort to sustain pressure on the University to divest from South African companies...
...withholding of this fund was one of many student responses to a larger moral quandary that had been contested on Harvard’s campus since a decade earlier...