School says using its endowment ‘to exert political influence’ would injure it financially.
Trinity College in Connecticut has rejected a proposal to adopt the boycott, divestment, and sanctions (BDS) movement — which aims to isolate Israel from the international community as a step toward its eventual elimination.
“Guided by its fiduciary responsibilities, the board of trustees has chosen not to change or revise Trinity College’s investment policies,” a statement issued by the school on Monday said. “We will continue with our primary objective of maintaining the endowment’s intergeneration equity to support current and future generations of students.”
It continued, “The long-term and practical challenges of divesting or utilizing the endowment to exert political influence would create too much risk for the institution and potentially compromise its ability to carry out its primary educational mission. The college’s faculty, staff, students, and future students depend upon a strong and growing endowment to support our critical operations.”