Georgetown Divest! coalition marches to President DeGioia’s office
At 2:30 p.m., a group of approximately fifteen students marched from Red Square to President DeGioia‘s office as part of the Georgetown Divest! campaign.
Georgetown, Divest!, a coalition comprised of Students for Justice in Palestine, Georgetown Solidarity Committee, Georgetown Buddhist Meditation Sangha, and Muslim Student Association, demands that Georgetown to end their investment of endowment money in companies guilty of human rights violations in Israel and Palestine.
During the short march to Healy Hall, the group carried signs that read, “Social Responsibility: RIP 1789-2010″ while shouting “Whose endowment? Our endowment!” They were greeted by University Chief of Staff Erik Smulson, who promised to pass the group’s letter demanding divestment on to LaMarr Billups, Assistant Vice President for Business Policy Planning.
David Schwartz (SFS ’12), a member of the protest, explained that the group is opposed to an investment policy that has no mechanism for ethical oversight of endowment investments.
As covered in previous Vox posts, University officials have explained that the University does not invest in specific companies and therefore cannot control which groups benefit from its endowment money. Nonetheless, a recent press release from Georgetown Divest! once again attacked the University, claiming, “Regardless of whether Georgetown directly invests in individual companies or invests in funds through managers, its commitment to social justice binds it to ethical and socially responsible investment.”
“If the University continues to ignore our concerns,” the press release continues, “We will return [to President DeGioia’s office] each day this week to remind the administration that students will not allow the University to continue practices of socially irresponsible investing.”
The group plans to march from Red Square to Healy Hall every day this week at 2:30. “We just want the University to know we’re serious,” Sam-Geaney Moore (SFS ’12), another member of today’s protest, said.
Photo by Jackson Perry
Update, 10:34 p.m. — Vox mistakenly attributed the protest only to Students for Justice in Palestine, a group that is merely part of the Georgetown Divest! coalition.