Brown U. Won’t Divest S. Africa Investments
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PROVIDENCE, R.I. — The governing body of Brown University voted Saturday to keep the school’s remaining $4 million in investments in companies that do business with South Africa.
The Brown University Corp. said it based its vote on a report from a committee studying the Ivy League school’s stake in the racially divided nation.
The committee said: “We believe that a decision by Brown to completely divest would have no impact on South Africa and that whatever value it may have as a symbolic expression is decisively outweighed by additional financial costs, reflected in less financial aid, smaller salary increases and less support for educational programs.”
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