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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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UK, France, Germany Urge Gaza Ceasefire, Ask Israel to Restore Humanitarian Access
People walk among destroyed buildings in Gaza, as viewed from the Israel-Gaza border, March 20, 2025. Photo: REUTERS/Amir Cohen/File Photo
The governments of Germany, France and Britain called for an immediate return to a ceasefire in Gaza in a joint statement on Friday that also called on Israel to restore humanitarian access.
“We call on Israel to restore humanitarian access, including water and electricity, and ensure access to medical care and temporary medical evacuations in accordance with international humanitarian law,” the foreign ministers of the three countries, known as the E3, said in a statement.
The ministers said they were “appalled by the civilian casualties,” and also called on Palestinian Hamas terrorists to release Israeli hostages.
They said the conflict between Israel and the Palestinians could not be resolved through military means, and that a long-lasting ceasefire was the only credible pathway to peace.
The ministers added that they were “deeply shocked” by the incident that affected the United Nations Office for Project Services (UNOPS) building in Gaza, and called for an investigation into the incident.
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Israeli Military Says It Intercepted Missile Fired from Yemen; Houthis Claim Responsibility
FILE PHOTO: Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released November 20, 2023. Photo: Houthi Military Media/Handout via REUTERS/File Photo
The Israeli military said it intercepted a missile fired from Yemen on Friday, one day after shooting down two projectiles launched by Houthi terrorists.
Yemen’s Iran-aligned Houthis claimed responsibility for the attack, saying that it fired a ballistic missile toward Ben Gurion Airport near Tel Aviv, the group’s military spokesperson, Yahya Saree, said in a televised statement in the early hours of Saturday.
Saree said the attack against Israel was the group’s third in 48 hours.
He issued a warning to airlines that the Israeli airport was “no longer safe for air travel and would continue to be so until the Israeli aggression against Gaza ends and the blockade is lifted.”
However, the airport’s website seemed to be operating normally and showed a list of scheduled flights.
The group’s military spokesman has also said without providing evidence that the Houthis had launched attacks against the US aircraft carrier USS Harry S. Truman in the Red Sea.
The group recently vowed to escalate attacks, including those targeting Israel, in response to US strikes earlier this month, which amount to the biggest US military operation in the Middle East since President Donald Trump took office in January. The US attacks have killed at least 50 people.
The Houthis’ fresh attacks come under a pledge to expand their range of targets in Israel in retaliation for renewed Israeli strikes in Gaza that have killed hundreds after weeks of relative calm.
The Houthis have carried out over 100 attacks on shipping since Israel’s war with Hamas began in late 2023, saying they were acting in solidarity with Gaza’s Palestinians.
The attacks have disrupted global commerce and prompted the US military to launch a costly campaign to intercept missiles.
The Houthis are part of what has been dubbed the “Axis of Resistance” – an anti-Israel and anti-Western alliance of regional militias including Hamas, Lebanon’s Hezbollah and armed groups in Iraq, all backed by Iran.
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Columbia University Agrees to Some Trump Demands in Attempt to Restore Funding
A pro-Palestine protester holds a sign that reads: “Faculty for justice in Palestine” during a protest urging Columbia University to cut ties with Israel. November 15, 2023 in New York City. Photo: Sipa USA via Reuters Connect
Columbia University agreed to some changes demanded by US President Donald Trump’s administration before it can negotiate to regain federal funding that was pulled this month over allegations the school tolerated antisemitism on campus.
The Ivy League university in New York City acquiesced to several demands in a 4,000-word message from its interim president released on Friday. It laid out plans to reform its disciplinary process, hire security officers with arrest powers and appoint a new official with a broad remit to review departments that offer courses on the Middle East.
Columbia’s dramatic concessions to the government’s extraordinary demands, which stem from protests that convulsed the Manhattan campus over the Israel-Gaza war, immediately prompted criticism. The outcome could have broad ramifications as the Trump administration has warned at least 60 other universities of similar action.
What Columbia would do with its Middle Eastern, South Asian, and African Studies department was among the biggest questions facing the university as it confronted the cancellation, called unconstitutional by legal and civil groups, of hundreds of millions of dollars in government grants and contracts. The Trump administration had told the school to place the department under academic receivership for at least five years, taking control away from its faculty.
Academic receivership is a rare step taken by a university’s administrators to fix a dysfunctional department by appointing a professor or administrator outside the department to take over.
Columbia did not refer to receivership in Friday’s message. The university said it would appoint a new senior administrator to review leadership and to ensure programs are balanced at MESAAS, the Middle East Institute, the Center for Palestine Studies, the Institute for Israel and Jewish Studies and other departments with Middle East programs, along with Columbia’s satellite hubs in Tel Aviv and Amman.
‘TERRIBLE PRECEDENT’
Professor Jonathan Zimmerman, a historian of education at the University of Pennsylvania and a “proud” graduate of Columbia, called it a sad day for the university.
“Historically, there is no precedent for this,” Zimmerman said. “The government is using the money as a cudgel to micromanage a university.”
Todd Wolfson, a Rutgers University professor and president of the American Association of University Professors, called the Trump administration’s demands “arguably the greatest incursion into academic freedom, freedom of speech and institutional autonomy that we’ve seen since the McCarthy era.”
“It sets a terrible precedent,” Wolfson said. “I know every academic faculty member in this country is angry about Columbia University’s inability to stand up to a bully.”
In a campus-wide email, Katrina Armstrong, Columbia’s interim president, wrote that the her priorities were “to advance our mission, ensure uninterrupted academic activities, and make every student, faculty, and staff member safe and welcome on our campus.”
Mohammad Hemeida, an undergraduate who chairs Columbia’s Student Governing Board, said the school should have sought more student and faculty input.
“It’s incredibly disappointing Columbia gave in to government pressure instead of standing firm on the commitments to students and to academic freedom, which they emphasized to us in almost daily emails,” he said.
The White House did not respond to Columbia’s memo on Friday. The Trump administration said its demands, laid out in a letter to Armstrong eight days ago, were a precondition before Columbia could enter “formal negotiations” with the government to have federal funding.
ARREST POWERS
Columbia’s response is being watched by other universities that the administration has targeted as it advances its policy objectives in areas ranging from campus protests to transgender sports and diversity initiatives.
Private companies, law firms and other organizations have also faced threatened cuts in government funding and business unless they agree to adhere more closely to Trump’s priorities. Powerful Wall Street law firm Paul Weiss came under heavy criticism on Friday over a deal it struck with the White House to escape an executive order imperiling its business.
Columbia has come under particular scrutiny for the anti-Israel student protest movement that roiled its campus last year, when its lawns filled with tent encampments and noisy rallies against the US government’s support of the Jewish state.
To some of the Trump administration’s demands, such as having “time, place and manner” rules around protests, the school suggested they had already been met.
Columbia said it had already sought to hire peace officers with arrest powers before the Trump administration’s demand last week, saying 36 new officers had nearly completed the lengthy training and certification process under New York law.
The university said no one was allowed to wear face masks on campus if they were doing so intending to break rules or laws. The ban does not apply to face masks worn for medical or religious purposes, and the university did not say it was adopting the Trump administration’s demand that Columbia ID be worn visibly on clothing.
The sudden shutdown of millions of dollars in federal funding to Columbia this month was already disrupting medical and scientific research at the school, researchers said.
Canceled projects included the development of an AI-based tool that helps nurses detect the deterioration of a patient’s health in hospital and research on uterine fibroids, non-cancerous tumors that can cause pain and affect women’s fertility.
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