The MIT Endowment for Divestiture

by MIT Endowment for Divestiture
Cambridge, Massachusetts, United States
Undated, 1987?
6 pages
Type: Brochure
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
Why South Africa? • Why Divestiture? • Can Divestiture Work? • Why M.I.T.? • What is the Endowment for Divestiture? • What Can I Do? • Brochure designed to pressure the Massachusetts Institute of Technology (M.I.T.) to completely divest. The MIT Endowment for Divestiture establishes a way to contribute to MIT while demonstrating disapproval of its continued investment in companies doing business in or with South Africa. The brochure explains that South Africa is the only country in the world where racism is the guiding principle of the legal, political, economic, and social system. The government is violently quashing opposition. U.S. companies dominate the South African computer market, sell its government oil and coal gasification technologies, and build its military vehicles. The divestiture campaign has already affected many hundreds of millions of dollars’ worth of investments and bank deposits; as of January 1987, 19 states, 70 cities and 116 universities as well as numerous religious bodies, unions, corporations, and foundations have adopted measures mandating divestment, and an increasing number of companies have withdrawn. The MIT Endowment for Divestiture is a charitable trust that accepts alumni/ae contributions to M.I.T., but holds them in escrow until the M.I.T. portfolio is free of South Africa-related investments. If M.I.T. does not divest by 1994, contributions to the Endowment will go instead to Amnesty International and the United Negro College Fund. Contributions will be even more effective if you write to the M.I.T. Alumni Fund and the M.I.T. Corporation, telling them why you have contributed to M.I.T. through the Endowment for Divestiture because of your opposition to M.I.T.'s investments in South Africa. Trustees of the MIT Endowment for Divestiture are Professor Willard Johnson, Professor Gretchen Kalonji, Philip Katz, Professor Melvin King, Dr. Marc Miller, Congressman Bruce Morrison, Professor John Parsons, Professor Joseph Weizenbaum, and Congressman Howard Wolpe. The brochure includes quotes by Mel King, Amnesty International, Nobel Laureate Albert Luthuli, Bruce A. Morrison, Winnie Mandela, and Willard Johnson.
Collection: Private collection of Willard Johnson