News

Harvard establishes a $100 million endowment fund for slavery reparations

April 26 – Harvard University is committing $100 million to an endowment fund and other efforts to fill the educational, social and economic gaps left by the legacy of slavery and racism, the University Presidents sent to all students, faculty and staff Tuesday.

Harvard President Lawrence Bacow’s email included a link to a 100-page report by his university’s 14-member committee on Harvard and the legacy of slavery. The panel was chaired by Tomiko Brown-Nagin, legal historian and constitutional scholar, dean of the interdisciplinary Radcliffe Institute for Advanced Study at Harvard. The email and report have been shared with Reuters.

The move comes amid a broader discussion about repairing the effects of centuries of slavery, discrimination and racism. Some people have asked for financial or other reparations.

The report laid out a history of campus and university slave labor that benefited from the slave trade and slavery-related industries after slavery was outlawed in Massachusetts in 1783 — 147 years after Harvard’s founding. The report also documents that Harvard expels black students and its scholars who advocate racism.

While Harvard had notable figures among abolitionists and in the civil rights movement, the report states, “The nation’s oldest college … helped perpetuate the racial oppression and exploitation of the era.”

Harvard President Lawrence Bacow
The email from Harvard President Lawrence Bacow (pictured) included a link to a 100-page report by his university’s 14-member committee on Harvard and the legacy of slavery.
REUTERS

The report’s authors recommended offering educational and other support to the descendants of people enslaved at Harvard so they can “reclaim their stories, tell their stories, and pursue empowering knowledge.”

Other recommendations included that the Ivy League school fund summer programs to bring students and faculty to Harvard from long-underfunded, historically black colleges and universities, and send Harvard students and faculty to institutions known as HBCUs, such as Howard University.

In his email, Harvard President Bacow said a committee would review whether the recommendations could be implemented and that a university board had approved $100 million for implementation, with some of the funds being held in a foundation become.

“Slavery and its legacy have been a part of American life for more than 400 years,” Bacow wrote. “Working to further address its lingering effects will require our sustained and ambitious efforts for years to come.”

Other colleges in the US have created funds to address the legacy of slavery in recent years. A law passed in Virginia last year requires five public state universities to create scholarships for the descendants of people enslaved by the institutions.

https://nypost.com/2022/04/26/harvard-sets-up-100m-endowment-fund-for-slavery-reparations/ Harvard establishes a $100 million endowment fund for slavery reparations

JACLYN DIAZ

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button