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Trinity College Rejects Divestment Proposal Pushed by Anti-Israel Activists
Pro-Hamas activists gather in Washington Square Park for a rally following a protest march held in response to an NYPD sweep of an anti-Israel encampment at New York University in Manhattan, May 3, 2024. Photo: Matthew Rodier/Sipa USA via Reuters Connect
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.”
In its communication, the college pointed to three groups which demanded divestment from Israel or “disclosure” of the extent of its financial ties to Israel or companies with which it does business, including manufacturers of armaments. Those groups include the Palestine Solidarity Encampment at Trinity College, TrinDivests, and a faction within the college faculty which called on school officials to comply with the students’ demands.
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.”
As The Algemeiner has previously reported, American universities are largely rejecting demands to divest from Israel and entities at all linked to the Jewish state, delivering further blows to the pro-Hamas protest movement, which students and faculty pushed with dozens of illegal demonstrations to coerce officials into enacting the policy.
As Trinity College did on Monday, Chapman University trustee Jim Burra cited in September a “fiduciary responsibility” to future students and faculty which ruled out divestment as a possibility, explaining that “it is important that we make financial decisions based on risk and return.” The prior month, the University of Minnesota pointed to the same reason while touching on the extent to which the Israeli-Palestinian conflict polarizes its campus community. However, the university did adopt a new policy for its investments, a so-called “position of neutrality” which, it says, will be a guardrail protecting university business from the caprices of political opinion.
“For the past several months, we have sought expert analysis and a variety of perspectives on how the university invests its Consolidated Endowment Fund,” University of Minnesota Board of Regents chair Janie Mayeron said in a statement at the time. “We have reviewed how this fund operates, how it supports affordable education for students, groundbreaking research, and community engagement, and the possible financial challenges of divestment … In the end, it is clear our community is divided on the topic. After careful consideration of all this input, we believe today’s action honors our fiduciary duty and the long term needs of the university.”
Several weeks earlier, Oberlin College’s Board of Trustees voted against divestment after reviewing a proposal submitted by “Students for a Free Palestine,” a spin-off of Students for Justice in Palestine (SJP), which has been linked to Islamist terrorist organizations.
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 estimated by JLens are cataclysmic. 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.”
Follow Dion J. Pierre @DionJPierre.
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New Pope Calls for Continued ‘Precious Dialogue’ Between Jews and Catholics
Pope Leo XIV holds an audience with representatives of the media in Paul VI hall at the Vatican, May 12, 2025. Photo: REUTERS/Guglielmo Mangiapane
On Monday, Pope Leo XIV met with Jewish leaders and other representatives from the world’s religious traditions to nourish continued interfaith bridge-building.
Echoing a letter he sent to the American Jewish Committee on May 8 pledging to strengthen Catholic-Jewish relations in the tradition of the church’s Second Vatican Council’s Nostra Aetate statement, the Pope emphasized that “because of the Jewish roots of Christianity, all Christians have a special relationship with Judaism.” He called the theological exchange between the two groups “ever important and close to my heart,” stating that “even in these difficult times, marked by conflicts and misunderstandings, it is necessary to continue the momentum of this precious dialogue of ours.”
Leo praised all the faith leaders in attendance at the meeting, saying that “in a world wounded by violence and conflict, each of the communities represented here brings its own contribution of wisdom, compassion, and commitment to the good of humanity and the preservation of our common home.”
Jewish groups in attendance at the Pope’s meeting included the American Jewish Committee (represented by Rabbi Noam Marans, director of Inter-religious Affairs), B’nai B’rith International, the Conference of European Rabbis, and the Jewish Community of Rome as represented by the city’s chief rabbi, Riccardo Di Segni. Marans gave Leo a Chicago White Sox hat, which inspired a big smile from the Chicago-born pontiff. “We’re starting off on the right foot,” Marans said.
“As an exponent of religious values and ethnical monotheism, it is hoped that Pope Leo will find common cause with Jewish organisations,” Zaki Cooper, vice-president of the Council of Christians and Jews, wrote in a Friday column in the United Kingdom’s Jewish News. “This could cover a range of moral issues such as the environment, the family, technology or anti-slavery. One of Pope Francis’ memorable interventions, in 2018, was to praise the value of Shabbat, saying ‘what the Jews followed, and still observe, was to consider the Sabbath as holy.’”
Yaron Sideman, Israel’s ambassador to the Vatican, said that he and Leo “both stand for something much bigger than geopolitical entities.” He said “you can’t separate dialogue with Jewish people and the state where half of Jewish people live. This is where it needs to be fundamentally restructured.”
In a Wednesday article for EJewishPhilanthropy.com, historian Stessa Peers summarized the efforts of recent Popes to nourish Jewish-Catholic brotherhood following the issuing of Nostra Aetate.
“Popes have taken meaningful steps toward repair. Pope John Paul II visited synagogues, met with Holocaust survivors and called Jews ‘our elder brothers,’” Peers wrote. “Pope Benedict XVI, born in Nazi Germany, continued that work. Pope Francis, who led the Church beginning in 2013, met regularly with Jewish leaders, condemned antisemitism unequivocally and prioritized healing. His comments on Jewish law were not always perfect, but he engaged sincerely with criticism and reaffirmed his respect. His presence at Jewish sites like the Western Wall and Yad Vashem shifted the tone of Catholic–Jewish relations.”
Rabbi Joshua Stanton, who leads the Jewish Federations of North America’s interfaith efforts, said that Leo “is known for working well with people quietly” and that he hoped for a “return to the direct, frank dialogue between friends that can take place behind closed doors.”
Adam Gregerman, co-director of St. Joseph’s Institute for Jewish-Catholic Relations, told OSV News that “the locus of many of the major improvements in Jewish-Christian relations since the Second Vatican Council have taken place in the U.S., owing above all to the size of these communities and the regular, fruitful interactions between them. It is thus encouraging to see the elevation of an American as pope.” He said that “given his roots in a diverse American society, I know many Jews are excited about his selection.”
Leo also emphasized the importance of Muslim-Catholic relations, calling the cross-cultural conversation “marked by a growing commitment to dialogue and fraternity, fostered by esteem for these our brothers and sisters who ‘worship God, who is one, living and subsistent, merciful and almighty, the Creator of heaven and earth, who has also spoken to humanity.”
Ahmad Al-Tayyeb, the Grand Imam of Al-Azhar, wrote on X that “we look forward to continuing our collaboration with His Holiness in strengthening interfaith dialogue and promoting the values of human fraternity, in pursuit of global peace, coexistence, and a better future for all humanity.”
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New York City and Israel Sign Declaration of Intent for New Council to Foster Economic, Business Partnerships
A New York City Police officer monitors the “Israel Day on Fifth” parade in New York City, U.S., May 18, 2025. Photo: REUTERS/Angelina Katsanis
New York City Mayor Eric Adams and Israeli Minister of Economy and Industry Nir Barkat signed a Declaration of Intent on Monday to establish a joint initiative that will further economic and business ties as well as innovation between the two governments.
The New York City–Israel Economic Council will focus on fostering business partnerships between the city of New York and Israel in economic development, emergency management, education, and technology. It will help Israeli businesses and startups that want to establish a presence in New York City; support collaboration in sectors including environmental innovation, life sciences, and artificial intelligence; and coordinate participation in major business and technology conferences.
The council will meet regularly and will be comprised of representatives from the New York City Mayor’s Office and Israel’s Economic Mission to the United States. Adams’ Office for International Affairs is leading the initiative. The Declaration of Intent signed by Adams and Barkat on Monday is non-binding but highlights a commitment between the two governments to collaborate and build partnerships.
Mayor Adams said on Monday that the council will “serve as a gateway to the US market for Israeli businesses.”
“Today’s announcement of a Declaration of Intent reflects a proud tradition of New York City mayors collaborating with Israel, and will drive innovation, create jobs, and strengthen the unbreakable bond between our two governments,” the mayor added.
“The NYC–Israel Economic Council represents both strategic partnership and moral clarity,” said Moshe Davis, the executive director of the Mayor’s Office to Combat Antisemitism, which was announced earlier this month. “As antisemitism rises globally, New York City is responding with substantive collaboration in key sectors like environmental innovation and artificial intelligence. This council will not only drive opportunity and growth, it will demonstrate that the world’s greatest city stands firmly with Israel and the Jewish people.”
New York City is home to the largest Jewish population outside of Israel.
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Jewish Simpsons Mural Defaced by Antisemitic, Pro-Palestinian Vandals at Shoah Memorial in Milan
The mural “The Jewish Simpsons Deported to Auschwitz” before and after it was vandalized. Photo: Provided
A mural on the external wall of the Shoah Memorial in Milan, Italy, that depicts the Simpsons family as Jews being deported to the Auschwitz concentration camp was recently defaced by pro-Palestinian vandals.
The pop art mural “The Jewish Simpsons Deported to Auschwitz” was created by contemporary Italian pop artist and activist AleXsandro Palombo and debuted on Jan. 27, 2023, in honor of Holocaust Remembrance Day. It features Homer, Marge, Bart, Lisa and Maggie Simpson as Jews wearing outfits that feature a yellow Star of David badge with the word “Jude” in the center. Nazis forced Jews to wear a similar badge on their clothing during the Holocaust. Palombo’s team said the artist used contemporary figures such as the Simpsons to educate the public, especially younger generations, about the importance of remembrance and the duty to never forget the horrors of the Holocaust.
Pro-Palestinian vandals almost completely ripped off the images of Marge, Lisa and Maggie Simpson from the mural and replaced them with a message written in red paint that said “Free Pal,” which is short for “Free Palestine.” The Star of David badge on Homer’s overcoat was also torn off and the Star of David badge worn by Bart was covered in red paint.
“Little remains of the iconic work: only a grave antisemitic defacement, which has transformed a tribute to memory into an expression of hatred,” Palombo’s media relations team said on Sunday in response to the vandalism. “Today, [the] work has been brutally erased and turned into a disturbing political manifesto, steeped in antisemitism. This act is yet another stark reminder that antisemitic hatred is on the rise, even in places devoted to memory and reflection … At a time when antisemitism is surging globally, acts like this take on even greater gravity. This is not merely vandalism, but a deliberate attack on memory, culture, and the core values of human rights.”
Palombo has dedicated several murals over the years to Holocaust remembrance and antisemitism. They include depictions of Holocaust teenage diarist and victim Anne Frank wearing a concentration camp uniform and holding an Israeli flag while standing beside a Palestinian girl who burns the Hamas flag. Palombo also created a mural that depicted a boy from the Warsaw Ghetto reimagined as a hostage of Hamas terrorists.
After the Oct. 7, 2023, Hamas terrorist attack in southern Israel, Palombo unveiled a mural in Milan dedicated to Vlada Patapov, a young survivor of the Hamas attack at the Nova music festival. Shortly after its unveiling, the artwork was vandalized and Patapov’s head was erased.
A number of Palombo’s murals that feature Italian Holocaust survivors Liliana Segre, Sami Modiano and Edith Bruck have been repeatedly vandalized. In January, the Museum of the Shoah in Rome acquired several of Palombo’s murals that were vandalized and then restored. The artworks are part of the museum’s permanent collection and displayed in Rome’s ancient Jewish Ghetto, facing the Portico of Octavia.
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