[Dear Concerned MIT Alumni and Alumnae, On October 15, 1986, your colleagues established the MIT Endowment for Divestiture.]

by John Carlos Correa, Philip Katz, MIT Endowment for Divestiture
Cambridge, Massachusetts, United States
December 1986
4 pages
Type: Mailing
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
The mailing, to a small number of MIT graduates who are particularly concerned about divestment from companies doing business in South Africa, requests contributions to the Massachusetts Institute of Technology (MIT) Endowment for Divestiture so it can reach more alumni, especially the twenty-fifth year reunion class, a target of MIT's alumni fundraising efforts. Also, the group is asking current seniors to make the traditional class donation through the Endowment for Divestiture. Leading South Africans are  demanding political rights and full social and economic justice; black leaders - including Nobel Peace Prize recipient Bishop Desmond Tutu, African National Congress President Oliver Tambo, and Reverend Allan Boesak, president of the World Council of Reformed Churches - are calling for international sanctions and an immediate end to foreign investment. They believe that sanctions will hasten majority rule and reduce bloodshed. The anti-apartheid movement at MIT began more than 15 years ago. In the past year, it has grown rapidly. On December 18, 1985, the faculty voted three-to-one in favor of divestment; in a campus-wide referendum, undergraduate and graduate students also called for divestment. The Endowment for Divestiture provides alumni and alumnae with a creative way to support these faculty and students. The Trustees of the Endowment will determine if apartheid has ended or if MIT has divested its holdings in corporations doing business in South Africa. If apartheid ends before MIT divests, the Endowment will be released to MIT specifying that the money go to a minority student scholarship fund. If MIT does not divest by 1994 and apartheid does not end, the funds will donated to the United Negro College Fund and Amnesty International. The Trustees are John Carlos Correa, Professor Gretchen Kalonji, Professor Melvin King, Congressman Bruce Morrison, Professor Joseph Weizenbaum, Professor Willard Johnson, Philip Kotz, Dr. Marc Miller, Professor John Parsons, and Congressman Howard Wolpe.
Collection: Private collection of Willard Johnson