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Bowdoin College Rejects Divestment From Israel Days After Lifting Suspensions on Anti-Zionist Protesters
Illustrative: Pro-Hamas activists rally at an encampment for Gaza on April 25, 2025. Photo: Allison Bailey via Reuters Connect
Bowdoin College in Brunswick, Maine has rejected the boycott, divestment, and sanctions (BDS) movement against Israel, as its Board of Trustees voted to accept the counsel of a committee that recommended maintaining investment practices which safeguard the institution’s financial health and educational mission.
“The endowment exists solely to provide financial support of the college across generations,” said a report submitted to trustees in February and, according to The Bowdoin Orient, ratified by them last week. “It should not be used as a tool for the advocacy of public policy.”
The reported, authored by the college’s Ad Hoc Committee on Investments and Responsibility (ACIR), continued, “Interventions in the management of the endowment that are rooted in moral or political considerations should be exceedingly rare and restricted to those cases where there is near-universal consensus among Bowdoin’s community of stakeholders … if such actions are pursued, they should be taken only where the financial trade-offs are identifiable, measurable, and limited.”
Bowdoin’s review of its investment practices was prompted by a May 2024 “Solidarity Referendum” in which Bowdoin students called for the college to accuse Israel of “scholasticide” in an “institutional statement” and divest from companies supplying Israel with armaments and other services which contribute to its security. Having passed by what the Orient described in May 2024 as a “66 percent supermajority,” the referendum earned a response from Bowdoin president Safa Zaki. However, Zaki, citing an established practice of her administration, declined to issue any such statement and referred the other referendum items to the board of trustees.
The following semester, Zaki created ACIR, appointing it to study the issue and recommend policies for any “future specific requests regarding the endowment.”
The committee’s mission was always “broader” than addressing divestment from Israel, as it was being asked to rule on matters which involve binding agreements with “generations of alumni, family, and friends who created endowed funds for Bowdoin College underpinned by a contractual guarantee that their gifts would be managed and invested prudently to further the educational mission,” ACIR said in last month’s report.
“Among the hundreds of signed endowment terms in the college’s files, there are no explicit donor instructions that the gift be invested using practices that would advance a position on social or political questions,” the committee explained. “Each of these transactions involved entrusting the college to manage the money in a way that maximizes the benefit for both current and future students. Another important aspect of the educational mission of the college is to create and maintain an environment in which all topics can be discussed openly and respectfully, where ideas can be challenged and analyzed, and where differing viewpoints can coexist and be understood and appreciated … using the endowment as an advocacy tool for a specific political position may run counter to maintaining this atmosphere.”
Zaki endorsed ACIR’s report on Friday, saying that “using our endowment to make political statements on world affairs introduces the risk of losing access to the best investment managers.” Meanwhile, the campus group Students for Justice in Palestine told the Orient that “it’s really impossible to argue that this committee structure was anywhere near as effective as the referendum was in engaging the community and gathering perspectives.”
Bowdoin College is not the first higher education institution to cite its fiduciary obligations as cause for eschewing divestment from Israel.
Boston University did so last month, with its president, Melissa Gilliam saying, “the endowment is no longer the vehicle for political debate; nevertheless, I will continue to seek ways that members of our community can engage with each other on political issues of our day including the conflict in the Middle East.”
Trinity College turned away BDS advocates in November, citing its “fiduciary responsibilities” and “primary objective of maintaining the endowment’s intergeneration equity.” It also noted that acceding to demands for divestment for the sake of “utilizing the endowment to exert political influence” would injure the college financially, stressing that doing so would “compromise our access to fund managers, in turn undermining the board’s ability to perform its fiduciary obligation.”
The University of Minnesota in August pointed to the same reason for spurning divestment while stressing the extent to which the Israeli-Palestinian conflict polarizes its campus community. It coupled its pronouncement with a new investment policy, a so-called “position of neutrality” which, it says, will be a guardrail protecting university business from the caprices of political opinion.
Colleges and universities will lose tens of billions of dollars collectively from their endowments if they capitulate to demands to divest from Israel, according to a report published in September by JLens, a Jewish investor network that is part of the Anti-Defamation League (ADL). Titled “The Impact of Israel Divestment on Equity Portfolios: Forecasting BDS’s Financial Toll on University Endowments,” the report presented the potential financial impact of universities adopting the BDS movement, which is widely condemned for being antisemitic.
The losses JLens forecasted are catastrophic. Adopting BDS, it said, would incinerate $33.21 billion of future returns for the 100 largest university endowments over the next 10 years, with Harvard University losing $2.5 billion and the University of Texas losing $2.2 billion. Other schools would forfeit over $1 billion, including the University of Pennsylvania, Stanford University, and Princeton University. For others, such as the University of Michigan and Dartmouth College, the damages would total in the hundreds of millions.
“This groundbreaking report approached the morally problematic BDS movement from an entirely new direction — its negative impact on portfolio returns,” New York University adjunct professor Michael Lustig said in a statement extolling the report. “JLens has done a great job in quantifying the financial effects of implementing the suggestions of this pernicious movement, and importantly, they ‘show their work’ by providing full transparency into their methodology and properly caveat the points where assumptions must necessarily be made. This report will prove to be an important tool in helping to fight noxious BDS advocacy.”
As for Bowdoin, college officials there recently withstood an attempt to secure compliance with BDS by force.
Lasst month, members of SJP stormed Smith Union and installed an encampment there in response to US President Donald Trump’s proposing that the US “take over” the Gaza Strip and transform it into a hub for tourism and economic dynamism. The roughly 50 students residing inside the building had vowed not to leave until Bowdoin agreed to boycott Israel and accede to other demands.
Ultimately, the college imposed light disciplinary sanctions on eight students — who were later given the sobriquet “Bowdoin Eight” by their collaborators — it identified as ringleaders of the unauthorized demonstration, sentencing them to probation.
Follow Dion J. Pierre @DionJPierre.
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Iran, US Resume Oman-Mediated Nuclear Talks in Rome
US President Donald Trump’s Middle East envoy-designate Steve Witkoff gives a speech at the inaugural parade inside Capital One Arena on the inauguration day of Trump’s second presidential term, in Washington, DC, Jan. 20, 2025. Photo: REUTERS/Carlos Barria
i24 News – A new round of nuclear talks between Iran and the United States kicked off in Rome on Saturday, under the shadow of President Donald Trump’s threat to unleash military action if diplomacy fails.
Iran’s Foreign Minister Abbas Araqchi and Trump’s Middle East envoy Steve Witkoff will negotiate indirectly through an Omani official who will shuttle messages between the two sides, Iranian officials said, a week after a first round of indirect talks in Muscat that both sides described as “constructive.”
Araqchi and Witkoff interacted briefly at the end of the first round, but officials from the two countries have not held direct negotiations since 2015 under former US President Barack Obama.
Araqchi called on “all parties involved in the talks to seize the opportunity to reach a reasonable and logical nuclear deal.”
Trump told reporters on Friday: “I’m for stopping Iran, very simply, from having a nuclear weapon. They can’t have a nuclear weapon. I want Iran to be great and prosperous and terrific.”
Meanwhile, Israel has not ruled out an attack on Iran’s nuclear facilities in the coming months, according to an Israeli official and two other people familiar with the matter.
Trump, who ditched a 2015 nuclear pact between Iran and six powers during his first term in 2018 and reimposed crippling sanctions on Tehran, has revived his “maximum pressure” campaign on the country since returning to the White House in January.
Since 2019, Iran has breached and far surpassed the 2015 deal’s limits on its uranium enrichment, producing stocks far above what is necessary for a civilian energy program.
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Reps. Dan Goldman and Chris Smith Issue Statement Condemning Shapiro Arson Attack As ‘Textbook Antisemitism’
Pennsylvania Gov. Josh Shapiro (D) holds a rally in support of US Vice President Kamala Harris’ Democratic presidential election campaign in Ambler, Pennsylvania, US, July 29, 2024. Photo: REUTERS/Rachel Wisniewski
Rep. Dan Goldman (D-NY) and Rep. Chris Smith (D-NJ) issued a statement condemning the recent arson attack against Gov. Josh Shapiro (D-PA) as a form of “textbook antisemitism.”
“Governor Shapiro is the Governor of Pennsylvania and has nothing to do with Israel’s foreign policy, yet he was targeted as an American Jew by a radicalized extremist who blames the Governor for Israel’s actions. That is textbook antisemitism,” the statement read.
Shapiro’s residence, the Pennsylvania governor’s mansion, was set ablaze on Sunday morning, hours after the governor hosted a gathering to celebrate the first night of the Jewish holiday of Passover. Shapiro said that he, his wife, and his children were awakened by state troopers knocking on their door at 2 am. The governor and his family immediately evacuated the premises and were unscathed.
Goldman and Smith added that the arson attack against Shapiro serves as “a bitter reminder that persecution of Jews continues.” The duo claimed that they “strongly condemn this antisemitic violence” and called on the suspect to “be held accountable to the fullest extent of the law.”
Pennsylvania State Police said that the suspect, Cody Balmer set fire to Shapiro’s residence over the alleged ongoing “injustices to the people of Palestine” and Shapiro’s Jewish faith.
According to an arrest warrant, Balmer called 911 prior to the attack and told emergency operators that he “will not take part in [Shapiro’s] plans for what he wants to do to the Palestinian people,” and demanded that the governor “stop having my friends killed.”
The suspect continued, telling operators, “Our people have been put through too much by that monster.”
Balmer later revealed to police that he planned to beat Shapiro with a sledgehammer if he encountered him after gaining access into his residence, according to authorities.
He was subsequently charged with eight crimes by authorities, including serious felonies such as attempted homicide, terrorism, and arson. The suspect faces potentially 100 years in jail. He has been denied bail.
Shapiro, a practicing Jew, has positioned himself as a staunch supporter of Israel. In the days following Hamas’s brutal slaughter of roughly 1,200 people across southern Israel on Oct. 7, 2023, Shapiro issued statements condemning the Palestinian terrorist group and gave a speech at a local synagogue. The governor also ordered the US and Pennsylvania Commonwealth flags to fly at half-mast outside the state capitol to honor the victims.
Shapiro’s strident support of the Jewish state in the wake of Oct. 7 also incensed many pro-Palestinian activists, resulting in the governor being dubbed “Genocide Josh” by far-left demonstrators.
US Senate Democratic Leader Chuck Schumer (NY) chimed in on the arson attack Thursday, urging the Justice Department to launch a federal investigation, claiming that the incident could be motivated by antisemitism.
Schumer argued that the arson attack targeting Shapiro, who is Jewish, left the Pennsylvania governor’s family in “anguish” and warned that it could serve as an example of “rising antisemitic violence” within the United States. He stressed that a federal investigation and hate crime charges may be necessary to uphold the “fundamental values of religious freedom and public safety.”
Thus far, Shapiro has refused to blame the attack on antisemitism, despite the suspect’s alleged comments repudiating the governor over his support for Israel. The governor has stressed the importance of allowing prosecutors to determine whether the attack constitutes a hate crime.
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US, Iran Set for Second Round of Nuclear Talks as Iranian FM Warns Against ‘Unrealistic Demands’
Iran’s Foreign Minister Abbas Araqchi attends a press conference following a meeting with Russia’s Foreign Minister Sergei Lavrov in Moscow, Russia, April 18, 2025. Tatyana Makeyeva/Pool via REUTERS
Iranian Foreign Minister Abbas Araghchi said a deal could be reached during Saturday’s second round of nuclear negotiations in Rome if the United States does not make “unrealistic demands.”
In a joint press conference with his Russian counterpart, Sergei Lavrov, Araghchi said that Washington showed “partial seriousness” during the first round of nuclear talks in Oman last week.
The Iranian top diplomat traveled to Moscow on Thursday to deliver a letter from Iran’s so-called Supreme Leader, Ayatollah Ali Khamenei, briefing Russian President Vladimir Putin on the ongoing nuclear talks with the White House.
“Their willingness to enter serious negotiations that address the nuclear issue only, without entering into other issues, can lead us towards constructive negotiations,” Araghchi said during the joint press conference in Moscow on Friday.
“As I have said before, if unreasonable, unrealistic and impractical demands are not made, an agreement is possible,” he continued.
Tehran has previously rejected halting its uranium enrichment program, insisting that the country’s right to enrich uranium is non-negotiable, despite Washington’s threats of military actions, additional sanctions, and tariffs if an agreement is not reached to curb the country’s nuclear activities.
On Tuesday, US special envoy Steve Witkoff said that any deal with Iran must require the complete dismantling of its “nuclear enrichment and weaponization program” — reversing his earlier comments, in which he indicated that the White House would allow Tehran to enrich uranium to a 3.67 percent threshold for a “civil nuclear program.”
During the press conference, Araghchi also announced he would attend Saturday’s talks in Rome, explaining that negotiations with the US are being held indirectly due to recent threats and US President Donald Trump’s “maximum pressure” campaign against Tehran — which aims to cut the country’s crude exports to zero and prevent it from obtaining a nuclear weapon.
“Indirect negotiations are not something weird and an agreement is within reach through this method,” Araghchi said.
He also indicated that Iran expects Russia to play a role in any potential agreement with Washington, noting that the two countries have held frequent and close consultations on Tehran’s nuclear program in the past.
“We hope Russia will play a role in a possible deal,” Araghchi said during the press conference.
As an increasingly close ally of Iran, Moscow could play a crucial role in Tehran’s nuclear negotiations with the West, leveraging its position as a veto-wielding member of the UN Security Council and a signatory to a now-defunct 2015 nuclear deal that imposed limits on the Iranian nuclear program in exchange for sanctions relief.
Known formally as the Joint Comprehensive Plan of Action (JCPOA), Trump withdrew the US from the deal in 2018.
Since then, even though Tehran has denied wanting to develop a nuclear weapon, the UN’s nuclear watchdog – the International Atomic Energy Agency (IAEA) – has warned that Iran has “dramatically” accelerated uranium enrichment to up to 60 percent purity, close to the roughly 90 percent weapons-grade level and enough to build six nuclear bombs.
During the press conference on Friday, Russian Foreign Minister Lavrov said that “Russia is ready to facilitate the negotiation process between Iran and the US regarding Tehran’s nuclear program.”
Moscow has previously said that any military strike against Iran would be “illegal and unacceptable.”
Russia’s diplomatic role in the ongoing negotiations could also be important, as the country has recently solidified its growing partnership with the Iranian regime.
On Wednesday, Russia’s upper house of parliament ratified a 20-year strategic partnership agreement with Iran, strengthening military ties between the two countries.
Despite Tehran’s claims that its nuclear program is solely for civilian purposes rather than weapon development, Western states have said there is no “credible civilian justification” for the country’s recent nuclear activity, arguing it “gives Iran the capability to rapidly produce sufficient fissile material for multiple nuclear weapons.”
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