Mailing from John Carlos Correa and Philip Katz as part of a campaign to get the Massachusetts Institute of Technology to divest from companies doing business in South Africa. Writing to a small number of MIT graduates who are particularly concerned about apartheid, Correa and Katz request contributions to the Endowment for Divestiture for initial operating expenses. Contributions will be used to reach more alumni, especially the 25th reunion class who are a target of MIT's alumni fundraising efforts. Also, current seniors will be asked to make the traditional class donation through the Endowment for Divestiture. Black South African leaders - including Nobel Peace Prize recipient Bishop Desmond...
Mailing from John Carlos Correa and Philip Katz as part of a campaign to get the Massachusetts Institute of Technology to divest from companies doing business in South Africa. Writing to a small number of MIT graduates who are particularly concerned about apartheid, Correa and Katz request contributions to the Endowment for Divestiture for initial operating expenses. Contributions will be used to reach more alumni, especially the 25th reunion class who are a target of MIT's alumni fundraising efforts. Also, current seniors will be asked to make the traditional class donation through the Endowment for Divestiture. Black South African leaders - including Nobel Peace Prize recipient Bishop Desmond Tutu, African National Congress (ANC) President Oliver Tambo, and Reverend Allan Boesak, president of the World Council of Reformed Churches - are calling for international sanctions and an end to foreign investment in South Africa. Divestiture is the most effective way MIT can assist in dismantling apartheid. On December 18, 1985, the MIT faculty voted three-to-one in favor of divestment. Undergraduate and graduate students called for divestment in a campus-wide referendum. Correa and Katz explained the approach of the Endowment for Divestiture. Its trustees 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 money in the Endowment will be released to MIT, with the restriction that it be used for minority student scholarship fund. If MIT does not divest by 1994 and apartheid does not end, the funds will be donated to the United Negro College Fund and Amnesty International.
