WHAT IS OUR MONEY STILL DOING IN SOUTH AFRICA? TIAA-CREF Ignores Call to Withdraw from Apartheid
STOP OUR UNWILLING SUPPORT OF APARTHEID
by TIAA-CREF Divestment Campaign
Hanover, New Hampshire, United States
February 5, 1986
Copy of an advertisement that appeared in The Chronicle of Higher Education February 5, 1986. The advertisement asks people to join the TIAA-CREF Divestment Campaign. The advertisement says TIAA-CREF is the largest private pension plan in the world, with nearly 800,000 members from 3600 educational institutions and an investment portfolio of more than $39 billion. The advertisement says TIAA-CREF invests over $7 billion of our savings in companies that do business in South Africa-more than the total divested by universities, colleges, cities, states and pension funds to date. The advertisement says TIAA-CREF must immediately commit itself to divest from U.S. companies that remain in South Africa and Namibia and to complete the process within three years. The advertisement discusses apartheid, the Sullivan Principles, shareholder actions, James Breeden, and U.S. business in South Africa. [Note: TIAA-CREF administers the pension funds of many higher education institutions. The initiative for this campaign came from Association of Concerned Africa Scholars.]
Used by permission of several co-chairs of the Association of Concerned Africa Scholars.
Collection: Association of Concerned Africa Scholars collection, Michigan State University Libraries Special Collections