One of the largest schools in the California State University system will pursue an investment strategy divested from “corporations & funds that profit from genocide, ethnic cleansing, and activities that violate fundamental human rights.” The announcement from Sacramento State late Tuesday night came nine days into a protest encampment on the school’s campus, as students called on their university to cut financial ties with Israel.
“I think it’s so significant what we did here because we’re essentially raising the bar for all universities,” sophomore Michael Lee-Chang told The Intercept. “We’ve had every single one of our demands met, and that’s how it should be. We’re here for Palestine, and student power shouldn’t be underestimated. I can’t state just how excited I am and can’t wait to see how our win helps other campuses reach their victories too.”
Sacramento State is one of at least seven universities nationwide to agree to at least some of student protesters’ demands regarding complicity with Israel’s violence in Palestine. University endowments, which can run up to the billions of dollars, are often operated with little transparency into direct or indirect investments. The students’ demands vary in specificity from school to school, but broadly speaking, they are asking their institutions for full transparency into those investments and to divest from weapons manufacturers or other companies that profit from Israel’s occupation of Palestine, as well as from Israeli institutions themselves.
By and large, the schools that came to an agreement with student protesters avoided the spectacle of violence that has become commonplace over the last three weeks, as university administrators crack down on speech and invite police to brutalize their own students and faculty.
“For the last seven months, we have watched the movement toward a liberated Palestine only grow stronger. There is a shift, divestment from Israel’s genocide of Palestinians will become a mainstream demand, and no amount of police violence and militarism at student encampments can turn the tide that has arrived,” Ahmad Abuznaid, executive director of the advocacy group U.S. Campaign for Palestinian Rights, told The Intercept. “Morally conscious people are not backing down because we understand we the people hold the power to create real policy changes, and we will win.”
Such a shift was spurred in part at Columbia University. While President Minouche Shafik last week announced the end of negotiations with student protesters and sealed off the campus to almost all but the New York Police Department, students there are watching with cautious optimism as other schools work to find common ground with their students.
Columbia student Johannah King-Slutzky — who noted that Vanderbilt students were the first to launch an encampment protest, with less media fanfare — said protesters forcing divestment from Israel as a topic of conversation in the halls of power is an essential step toward actual divestment. “That’s a huge, huge win for the movement.”
“Human Rights-Based Approach”
Sacramento State issued three policy updates on Tuesday night, in response to students who began a Gaza solidarity encampment on April 29. In a presidential memo, the school said that it “opposes and condemns all acts of genocide, ethnic cleansing, terrorism and other activities that violate fundamental human rights.” The memo also described protests and political action as “cornerstones of higher education and democracy” and affirmed students’ rights to engage in peaceful activism. The school also said that it unequivocally condemns hate and bias in all forms.
In an update to the school’s “policy on policies,” Sacramento State stated that it “will not engage in any activity or enter into any agreement that conflicts with” its opposition to genocide, ethnic cleansing, and other human rights violations.
The school also instated an investments policy that directs its auxiliary organizations, including its philanthropy and fundraising foundation, to “investigate socially responsible investment strategies which include not having direct investments in corporations and funds that profit from genocide, ethnic cleansing, and activities that violate fundamental human rights.” The school noted that it does not currently have such direct investments and committed to keeping it that way, as well as to investigate a similar strategy for indirect investments. “We will pursue human rights-based approach to investments.”
The Intercept asked the university whether Israel falls under the criteria described, and a spokesperson said the school would release additional information soon.
Lee-Chang, the Sacramento State student, said that it’s not lost on students that university “President Luke Wood is risking a lot by doing this,” noting that school presidents are at-will staff of the CSU Chancellor and Board of Trustees. “He never called the police on us and was relatively friendly throughout the entire process.”
About 450 miles south of Sacramento, the University of California, Riverside initially responded to a protest encampment by acknowledging that the “suffering in Gaza since the start of this war has been unimaginable” — a note that organizers said set a positive tone for negotiations. On Friday, the school agreed to take several steps to infuse transparency into its investments process.
That includes posting all public information on university investments to the school’s website, with the eventual intention of full disclosure of all investments; the instatement of a task force including students and faculty to explore the removal of the school’s endowment from the management of the University of California Investments Office, “and the investment of said endowment in a manner that will be financially and ethically sound for the university with consideration to the companies involved in arms manufacturing and delivery.”
The deal also included the “ongoing review of Sabra Hummus,” a company that is targeted for boycotts because its owner, the Strauss Group, supported the Israeli Defense Forces in the past. The school also agreed to modify its study abroad program processes “to ensure compliance with UC’s Anti-Discriminatory Policies” and said that its business school had discontinued multiple “global programs,” including one that took students to Egypt, Jordan, and Israel.
Although the program is no longer visible on the business school’s website, the other discontinued programs are listed with dates forthcoming.
“This is not the end for Palestinian advocacy at UCR, this is not the end of UCR’s complicity,” organizers stated in a post celebrating the agreement. “We will continue to hold our administration accountable.”
Coast to Coast
Students and administrators at Evergreen State College, a public college in Washington, reached a significant agreement following an encampment protest. Evergreen, the alma mater of American nonviolence activist Rachel Corrie, who was crushed by an Israeli bulldozer in 2003, issued a memorandum of understanding creating committees focused on responsible investing and addressing divestment from companies profiting from human rights violations in Palestinian territories.
Evergreen also issued a statement calling for a ceasefire in Gaza and the release of hostages, pledging not to approve study abroad programs to Israel, Gaza, or the West Bank. The commitment to solidarity with Palestine is seen in actions like the Olympia Food Co-op boycotting Israeli goods in 2010.
Persistence and Results
At least two schools that brought in the police to clear protest encampments later reached agreements with their students. Northwestern University reached an agreement affirming free speech rights and establishing committees to engage in responsible investment. The University of Minnesota agreed to disclose investment information and allow student presentations on divestment to the Board of Regents.
Divestment campaigns have been successful historically, notably in apartheid South Africa and fossil fuel companies. However, efforts regarding Israel have faced challenges but have gained momentum since the 2000s. As colleges across the country increasingly respond to the demand for divestment, student organizers believe this is just the starting point. Columbia student King-Slutzky emphasized the importance of staying focused on tangible goals and not being swayed by empty promises. They stressed the need for concrete commitments to divest from specific corporations, cutting through bureaucratic language to address real-world issues like genocide and military actions. It is crucial for universities to take action and make meaningful changes in their investment practices.
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