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Meet the 2 Jews of Guyana, a South American nation with a tradition of religious tolerance
(JTA) — When Janet Jagan, an immigrant from the United States, made history by becoming Guyana’s prime minister in 1997, she was thought to be the country’s only Jew.
In fact, another Jew had recently purchased an island off the coast of Guyana, and 25 years later, there are at least two Jews living in the tiny South American nation. One is a Guyanese-British-Israeli guesthouse operator who has been working in Guyana since the 1970s. The other is a former Madison Avenue marketing executive from Chicago who until recently ran the country’s largest tour operator.
Both offer a window into three dynamics that define Guyana: a government that embraces all faiths, an economy based on extractive industries and an expansive rainforest the country hopes will be a draw for its growing ecotourism industry.
Guyana, an English-speaking country of roughly 800,000, came to international prominence in 1978 as the site of the Jonestown massacre, in which more than 900 followers of cult leader Jim Jones were killed, either by suicide or murder.
These days, though, the country is drawing attention for the recent discovery of oil off its coast. ExxonMobil announced the discovery in 2015 and promptly began developing Guyana’s oil resources. With over 11 billion barrels of reserves and producing over 350,000 barrels per day, Guyana is on track to produce more than 1 million daily barrels by 2030, potentially transforming one of South America’s poorest countries.
It was an earlier extractive industry that first brought Raphael Ades to Guyana. Born in Tel Aviv in 1951 to an Italian-Jewish mother and a Syrian-Jewish father, Ades had a peripatetic childhood. The family moved first to Milan when Ades, who goes by Rafi, was 11, after his father Meyer entered the diamond trade, then two years later to southwestern Germany. They landed in Pforzheim, known at the time as Goldstadt because of the prominence of jewelry and precious stone trading locally.
But the family was not yet settled: In 1967, Meyer took the family to London, where Ades finished high school and took his university entrance exams, excelling in all of the languages he had picked up — English, French, Italian, German and Hebrew. As a psychology student at the University of London, Ades began helping his father, who maintained an office in London’s diamond district, at work. His father contracted out the polishing, and one of the polishers was Indo-Guyanese.
“That day, my dad took out the atlas and started to read up on Guyana,” Ades recalled. “‘This is somewhere I want to go,’ he told me.”
During a trip to visit an Israeli friend in Venezuela, Meyer went on a prospecting trip to Guyana, and registered the Guyana Diamond Export company. When he suffered a heart attack, Ades and his mother flew to Georgetown to be with him. Barely 21, Ades stepped in to take a larger role in the business. He flew with other diamond buyers into the rural mining areas, and learned the operations were producing thousands of carats of diamonds.
“I stayed in Guyana through the second half of 1972 and fell in love with the place,” Ades recalled. “I went to the [main] Stabroek market in Georgetown, seeing all of the iguanas and macaws. When my dad recuperated, I started going back to Guyana myself.”
His mining business thrived. In 1997, he bought Sloth Island, a 160-acre outpost about a two-hour journey from Guyana’s capital, Georgetown, requiring an hour-long car ride through the small villages that dot the Atlantic coast, and then an hour’s boat ride down the widening Essequibo River, passing pristine forests lined with mangroves and Indigenous villages.
When Ades bought the property, it was mostly underwater. He brought in workers from neighboring villages to pump out the water, build up the sand and retaining walls and add structures. Sloths were already there, but he brought ocelots and monkeys from neighboring islands, as well as other birds. (The ocelots, he said, used to eat the electrical wires and open the fridge.)
Now anchoring Sloth Island is a blue and white guesthouse, a series of covered huts for dining and hammock relaxation and a wooden walkway for nature walks through partially cleared forest. Indigenous guides identify the numerous species of plants and birds. The pandemic has receded as a threat to business, and the island hosts tourists every weekend — though climate change is presenting new issues.
“There are many times that the river floods part of the island and I lose sand and soil,” Ades said. “We have to keep on pumping out water and repairing damage to the buildings when that happens.”
The year after he bought the island, his widowed mother, then living in Belgium, broke her hip. When she was well enough to travel she moved to Guyana to be with her son, dividing her time between Georgetown and Sloth Island. When she died in 2009, Ades was at a loss given the lack of a Jewish cemetery, synagogue, and minyan required to say the Mourner’s Kaddish. He was interested in burying her across from Sloth Island, on a hill in the mining town of Bartica just across the river. But a Jewish friend from France facilitated a connection with the Surinamese Jewish community, who prepared the body for burial in the cemetery adjacent to Paramaribo’s main synagogue.
“That’s the last time I was in a synagogue, in 2010, after my mother passed,” Ades recalled.
A view of Raphael Ades’ resort on Sloth Island. (Seth Wikas)
The absence of Jews in Guyana is a notable lacuna in a country that otherwise boasts a broad range of religions. History records a colony of Dutch Jews who settled in northwestern Guyana in the 17th century to produce sugarcane, but the English destroyed that colony in 1666, dispersing the Jewish residents. Jews from Arab lands moved to Guyana in the late 19th and 20th centuries to escape persecution but then migrated elsewhere; Jews fleeing Europe came in 1939 but did not settle long enough to establish a sustained community.
Janet Jagan was an anomaly: Born Janet Rosenberg in Chicago, she married a Guyanese man in the United States and moved with him to Guyana in 1947. Her father Cheddi Jagan was trained as a dentist but entered politics as Guyana gained independence from Great Britain, serving as the first premier of the semi-independent colonial government in the early 1960s and then as the country’s fourth president in the 1990s. When he died in 1997, Janet Jagan was sworn in as his replacement and then won a term of her own later that year. She died in 2009.
According to the 2012 census, Guyana is about two-thirds Christian, a quarter Hindu, and less than 10% Muslim, with smaller populations of Rastafarians and Baha’is. Guyana’s cities and towns are dotted with churches, mandirs and mosques, and the country has enshrined freedom of religion in its constitution. Christian, Hindu and Muslim holy days are national holidays.
“We embrace all faiths and are always looking to build bridges across communities,” Mansoor Baksh, a leader within the country’s Islamic Ahmadiyya movement, told JTA. Omkaar Sharma, a member of the country’s Hindu Pandit Council, said something similar: “We have a long tradition of co-existence and celebrating each other’s holidays. It’s what makes Guyana special.”
On the occasion of the Hindu festival of Diwali last month, President Mohamed Irfaan Ali, South America’s only Muslim head of government, emphasized the country’s inclusivity when he told the nation: “Under the One Guyana banner, our people are coming together, rejecting the forces of division and hatred, and uniting in the pursuit of peace, progress and prosperity.”
The sentiments have had practical implications for the country’s two Jews. In 2017, when a Guyana Tourism Authority group was slated to travel to Suriname for a conference on travel catering to Muslim tourists, the Mauritanian organizer of the event protested the presence of Jewish participants. There were supposed to be two: Ades, and Andrea de Caires, then head of the country’s largest private tour operator, Wilderness Explorers.
“I got a call from the Guyanese Tourism Minister at 1 a.m., who asked me if I was Jewish, and he explained the situation. And I thought, this [antisemitism] is still going on in the world?” de Caires remembered.
The Guyanese tourism minister refused to abide by the ban, de Caires proudly said, and told the Surinamese hosts and conference organizers: “If Jews aren’t allowed, then none of us are going.” The Surinamese, long known for their religious tolerance, also refused to accept the prohibition, and said that all participants were welcome (in Suriname’s capital Paramaribo, a mosque stands next to a synagogue and they share a parking lot). Both de Caires and Ades attended the event.
“When I arrived at the conference, the Surinamese minister of tourism welcomed me, and the director general of Guyana’s tourism ministry gave me the microphone to open the conference. We [Rafi and I] went in with our heads held high,” de Caires said.
De Caires has lived in Guyana since 2010 but her path to Guyana took a different route from Ades’. Born Andrea Levine in Chicago as the granddaughter of a rabbi, she traveled extensively as a child with her physician father, who taught her the importance of creating a Jewish home.
“Judaism was always a part of my life — we celebrated the holidays, lit candles on Friday night, but my father would often say, ‘Going to temple doesn’t make you Jewish,’” Caires said.
De Caires moved to New Jersey and trained as a jeweler, working with clients that included Tiffany’s. She transitioned to working at Bloomingdale’s in sales and then management, and then she moved on to the cosmetic company Borghese, where she became vice president of sales and marketing.
“I got caught up in Madison Avenue, a single mom of three kids, and then I met Salvador,” she recalled. “And I knew there was no point in pursuing a relationship if I wouldn’t move to Guyana.”
Salvador is Salvador de Caires, her Guyanese husband whom she met through her sister. Visiting Guyana for the first time in 2008, she fondly recalled her first visit to the Karanambu Lodge in the country’s south, a former cattle ranch that is now a conservation hub sitting at the center of Guyana’s forests, rivers, and savannahs. The most accessible route is via airplane from Georgetown and then four-by-four vehicle. While based at the lodge, de Caires continued to take conference calls for her New York-based career, while learning more about Guyana and the business of running a tourist destination off the beaten path. She and Salvador moved permanently to Guyana in 2010 to take over the day-to-day management of the lodge.
“When we moved to Guyana, it never occurred to me there would never be a Jewish community here. There’s a Jewish community everywhere,” de Caires remembered thinking. “That was pretty startling.”
Andrea de Caires is shown with Guyanese President Irfaan Ali. (Courtesy of de Caires)
So when they moved from Karanambu in 2016 to work at (and eventually lead) Wilderness Explorers in Georgetown, de Caires was committed to opening her home to Guyanese friends and neighbors with Hanukkah parties and Passover seders.
“The first year we had a Hanukkah party, our invitation went out for latkes and black cake (a traditional Guyanese dish), and we had government ministers, ambassadors and local friends over,” she recalled. “I told the story of the holiday and we lit the candles.”
It wasn’t the first time de Caires had been single handedly responsible for the fostering Jewish traditions in Guyana. She recalled an incident in 2012 when a Colombian-Jewish tourist came to Karanambu Lodge during Passover and asked her to make matzah brei. Under a thatched roof, she was able to make the holiday delicacy for her visitor.
For Ades, too, it is hosting that makes him most appreciate his chosen home in Guyana.
“I will always remember Feb. 1, 1963, the day we left Israel. We had always planned to return,” he said. “But I’m still here. Between then and now I have lived in so many places, and Guyana has been my home for a very long time. One of the best parts of my week is meeting new people who come to Sloth Island — people of different backgrounds from around the world. It is wonderful to welcome them all.”
De Caires plans to share her Jewish traditions once again next month, hosting another Hanukkah party for her Guyanese friends and neighbors. And with the worst of the pandemic in the rearview mirror, both Ades and de Caires are looking forward to booming tourist seasons. De Caires and her husband are also ready to begin a new professional chapter: They recently accepted new positions with a Guyanese conglomerate to develop its tourism operations at a riverine resort.
Does de Caires feel like she has lost something by establishing roots in a place without an established Jewish community?
“If I left here, that would mean there’s one less person to support others [including Jews],” de Caires replied. “I think it’s interesting Rafi and I are both in tourism — you need to have a lot of tenacity, but it’s important that we welcome others to this beautiful country.”
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Holocaust Remembrance Day Marked in Poland, Germany Amid Nazi Displays, Rising Antisemitism
Participants with Israeli flags look at the landmark Birkenau extermination camp gate in Auschwitz Museum – former Nazi German Concentration Camp during the International March of the Living (MOTL) in Oswiencim, Poland on April 14, 2026. Photo by Dominika Zarzycka/Sipa USA via Reuters Connect
Eighty-one years after the Holocaust, antisemitism remains rampant in the heart of the former Third Reich, with incidents in both Poland and Germany underscoring a disturbing resurgence of Nazi-linked provocation and hatred across Europe — even as Jews and Israelis around the world marked Israel’s Holocaust Remembrance Day on Tuesday.
Polish far-right lawmaker Konrad Berkowicz sparked outrage in Warsaw after displaying a modified Israeli flag during a parliamentary debate, replacing the Star of David with a Nazi swastika.
Berkowicz’s act was widely condemned as a deeply troubling distortion of Holocaust memory and a provocative example of “Holocaust inversion,” weaponizing Nazi imagery to target Israel in a manner that promotes hateful rhetoric.
The European Jewish Congress (EJC) strongly condemned the incident, calling on government officials to take swift and decisive action to address the matter, deter similar acts, and uphold public accountability.
“This act constitutes a clear example of Holocaust inversion, distorting the memory of the Shoah, and trivializing its victims,” EJC wrote in a post on X, using the Hebrew word for referring to the Holocaust.
“The use of Nazi symbols in this context is not only offensive, but represents a serious form of antisemitic provocation, particularly on a day dedicated to remembrance,” the statement read. “Preserving the integrity of Holocaust remembrance and ensuring that antisemitism is not tolerated in public institutions is essential.”
Polish MP Konrad Berkowicz displayed an Israeli flag bearing a swastika during a parliamentary debate in Warsaw on Holocaust Remembrance Day.
This act constitutes a clear example of Holocaust inversion, distorting the memory of the Shoah and trivialising its victims.
The use of… pic.twitter.com/zeyRN5yG6T
— European Jewish Congress (@eurojewcong) April 14, 2026
The latest antisemitic incident came as Holocaust survivors from around the world joined thousands of participants in the 38th March of the Living, held at the site of the Auschwitz concentration camp in remembrance of the 6 million Jews murdered by Nazi Germany during World War II. The annual march goes from Auschwitz I to Auschwitz II-Birkenau, the Nazis’ largest death camp where 1 million Jews were killed.
During a ceremony, Revital Yakin Krakovsky, deputy chief executive of the International March of the Living organization, warned that antisemitism continues to endure today despite the lessons of the Holocaust, stressing that its warning signs are once again becoming impossible to ignore.
“Since Oct. 7, antisemitism has surged and is spreading everywhere,” Krakovsky said, referring to the Hamas-led invasion of and massacre across southern Israel on Oct. 7, 2023. “The scale and normalization of this hatred echoes the dark times we have seen before and, today of all days, we know how it ended.”
Like most countries across Europe and the broader Western world, Poland has seen a rise in antisemitic incidents over the last two years, in the wake of the Oct. 7 atrocities.
Germany has also experienced a marked surge in antisemitism, with Jewish communities and Israelis facing an increasingly hostile climate and a growing number of disturbing public provocations.
On Tuesday, workers at the Eggenfelden tax office in Bavaria, southern Germany, discovered a structure over a meter high on the premises, allegedly designed to resemble a crematorium and adorned with a swastika and SS runes. The structure also had the inscription “Zyklon B,” the pesticide used by the Nazis to carry out the mass murder of Jews in gas chambers at Auschwitz.
This latest incident coame just three weeks after a replica of the Auschwitz concentration camp gate, also covered in swastikas, was placed in front of the same tax office.
Eggenfelden’s mayor, Martin Biber, strongly condemned the incident, calling it a deeply disturbing provocation that has shocked the community.
“This shocks me. It’s also a huge disappointment that someone here is so cowardly. Quite apart from the fact that an object that is presumably meant to resemble a crematorium represents a horrific act,” Biber told the German newspaper BILD.
Local law enforcement has launched an investigation into the incident, treating it as a serious suspected extremist provocation.
The incident coincided with a commemoration held by the Israeli Embassy in Germany for the six million Jewish victims of the Nazis at the Sachsenhausen Memorial in Oranienburg, in eastern Germany.
During the ceremony, Israeli Ambassador Ron Prosor called for the resolute protection of Jewish life, warning that “antisemitism is not a relic of the past but remains visible and on the rise.”
He also emphasized that confronting the spread of terror by Iran is not solely Israel’s responsibility, warning of its expanding global reach and ideological influence.
“The mullahs are already part of the war in Europe. Their drones are falling in Ukraine. Their networks operate across continents – and their deadly ideology is spreading faster than any missile,” the Israeli diplomat said.
“Once again, Israel is on the front line. But the free world, especially Germany and Europe, has not only the responsibility, but the duty to confront this deadly ideology that threatens Europe from within,” he continued.
Andreas Büttner, the Brandenburg commissioner against Antisemitism, was also in attendance at the ceremony, where he reaffirmed the urgent need to confront and counter rising antisemitism.
“Antisemitism is not a shadow of the past. It is an open fire burning among us. And this fire is being stoked from various sides – by the extreme right, by the extreme left, and by those who disguise their hatred of Israel as moral concern,” the German official said.
According to newly released figures, the number of antisemitic offenses in the country reached a record high in 2025, totaling 2,267 incidents, including violence, incitement, property damage, and propaganda offenses.
By comparison, officially recorded antisemitic crimes were significantly lower at 1,825 in 2024, 900 in 2023, and fewer than 500 in 2022, prior to the Oct. 7 atrocities.
Officials warn that the real number of antisemitic crimes is likely much higher, as many incidents go unreported.
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Mossad Chief Says Iran Campaign ‘Will Only Be Complete When This Extremist Regime Is Replaced’
Israeli Prime Minister Benjamin Netanyahu, left, with Mossad chief David Barnea in July 2025. Photo: Israeli Government Press Office (GPO)
The head of Israel’s intelligence agency Mossad declared on Tuesday that the Israeli military campaign against Iran will end only with the collapse of the Islamist regime in Tehran.
David Barnea’s comments during a speech at a Holocaust Memorial Day ceremony came as a fragile ceasefire teetered on the brink of collapse and prospects for renewed negotiations remained uncertain.
Israel secured “significant achievements” after 40 days of intense fighting against “those who have made the destruction of the Jewish state their guiding principle,” said Barnea, who noted that the campaign had reshaped the regional security landscape.
“The Iranian threat grew stronger before our eyes, before the eyes of the world, almost without interruption,” he continued. “We repeatedly warned of the nuclear danger as an existential threat, and time and again we warned about the quantities of ballistic missiles that threaten Israeli citizens across the country, as well as the danger posed to us by the Iranian regime.”
Barnea said that Israel and its close ally the US took matters into their own hands for the good of the entire world and warned that, at least for Jerusalem, the mission isn’t done until the Iranian regime collapses.
“Finally, we took our fate into our own hands and entered two wars out of necessity. Alongside us, in firm alliance and historic cooperation with the world’s most powerful nation, we fought together for the values of justice and freedom,” the Israeli official continued. “Our commitment will only be complete when this extremist regime is replaced.”
Since Feb. 28, when the US and Israel launched joint strikes, Israeli officials have repeatedly said that, in addition to degrading Iran’s nuclear and missile programs, they aim to “create the conditions” for the regime in Iran to collapse, weakening the government to the point that the Iranian people can revolt.
US officials have not publicly adopted regime change as a declared war goal. However, President Donald Trump has at times suggested that Iranians should rise up once the airstrike campaign ends.
During Tuesday’s ceremony, Israeli Defense Minister Israel Katz also delivered a speech, saying that the US and Israel had “defined the removal of enriched material from Iran as a threshold condition for ending the campaign.”
“Iran’s regional proxies — from the collapsed Syrian regime to Hezbollah and Hamas — have been dealt heavy blows and have lost their capacity to pose a strategic threat to Israel,” Katz said. “There remains the task of confronting the rest of their power, and we are doing so — and will continue to do so — with full commitment and full force.”
On Monday, Israel Defense Forces (IDF) Chief of Staff Lt. Gen. Eyal Zamir approved plans to escalate the military campaign against Iran and advance expanded operational planning across multiple arenas in the region if the ceasefire ends, signaling continued pressure on Tehran’s military and strategic infrastructure.
“We are facing a multi-theater campaign unprecedented in the history of our people and of nations — against both immediate enemies on our borders and distant adversaries seeking our destruction,” Zamir said. “We are striking Iran and its proxies, inflicting heavy blows and significantly degrading their military capabilities.”
With the ceasefire deadline approaching in a week and regional tensions escalating, Trump said the White House has received a request from “the appropriate parties” to resume talks, adding that the Iranian regime is seeking to renew negotiations and reach an agreement.
“Iran will not have nuclear weapons. We agreed on a lot of things, but they did not agree to that. And I think they will agree to that. I am sure of it. If they do not agree – there will be no agreement,” Trump wrote in a post on Truth Social.
According to The New York Times, US officials have proposed a 20-year halt to Iranian uranium enrichment, which Iranian negotiators countered with a five-year suspension that Washington rejected, while also reportedly insisting that Iran dismantle major enrichment sites and surrender more than 400 kilograms of highly enriched uranium.
Meanwhile, Pakistan has offered to host another round of US–Iran negotiations in Islamabad in the coming days before the ceasefire expires, as diplomatic efforts intensify to prevent a renewed escalation.
The Trump administration has also stepped up pressure on Tehran to accept its demands by imposing a naval blockade on vessels entering or leaving Iranian ports through the Strait of Hormuz, a critical global shipping chokepoint for energy supplies.
Since the start of the war, Iran has used control over the Strait of Hormuz as a major source of leverage, militarizing the waterway and sharply restricting maritime traffic through one of the world’s most critical shipping corridors.
Iranian officials warned they would retaliate against any US naval blockade targeting their ports, calling the move illegal and warning that Gulf shipping routes would no longer remain secure if Iranian access were restricted.
Responding to Iranian threats in a post on Truth Social, Trump said, “If one of these boats approaches the blockade, it will be eliminated immediately, using the same elimination method that we use against drug smugglers at sea. It will be fast and brutal.”
Iran has also signaled it intends to maintain control over the Strait of Hormuz even after the war ends, potentially imposing transit fees framed as compensation for wartime damage.
Following the latest escalation at sea, Israel had instructed its forces to maintain a high level of alert and prepare for the possibility of an immediate collapse of the ceasefire agreement, remaining on heightened readiness in case the truce breaks down and talks do not resume.
Israeli officials have said they do not rule out that Iran may be using the ceasefire to rebuild damaged air defense systems and restore military capabilities, while also attempting to bring weapons and sensitive technologies back into the country through overland smuggling routes.
Meanwhile, Iran appears to still be targeting Gulf states despite the ceasefire, with Bahrain intercepting seven Iranian drones in the past 24 hours in what officials described as a clear breach of the agreement.
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Smith College Trustees to Vote on Anti-Israel Divestment Measure
The campus of Smith College in April 2024. Photo: Instagram/Screenshot
Smith College in Northampton, Massachusetts is the site of the latest clash between anti-Zionists and administrators over institutional ties to Israel, as its trustees will vote on Thursday on a divestment measure proposed by the Students for Justice in Palestine (SJP) organization.
Brimming with falsehoods, the proposal distinguishes itself from similar ones put forth at other colleges by accusing Israel of the crime of “femi-genocide,” which SJP describes as “sexual and reproductive violence” and mass murder perpetrated against Palestinian women and girls. The measure continues a pattern of depicting Israel, the most progressive country in the Middle East, as a foe of left-wing causes and an enemy of liberalism.
“The deliberate and disproportionate targeting of women represents an egregious practice of radicalized gender violence intended, in large part, to prevent the reproduction of a population marked for extermination,” SJP charged in the document, submitted in November. “This is a tactic common to settler colonialist projects and a grave injustice affecting women globally.”
Calling on Smith to withdraw investments in armaments manufacturers, SJP went on to describe divestment from Israel as a prelude to divesting from fossil fuels, a subtle but common tactic in which far-left groups place Jews and Zionists at the center of an array of alleged conflicts and social maladies.
“Militarism and the use of explosive weaponry has a devastating impact on our climate: military carbon emissions from the ongoing occupation and genocide of Palestinians exceeds that of several countries combined,” the proposal continued. “We face interconnected human rights crises at home and abroad that jeopardize our immigrant and international students, faculty, staff, and community members. Broader patterns of forced displacement are inseparable from climate change, and are fueled by a longer history of neoliberalization, securitization, and colonization.”
The divestment proposal draws on the principles of the boycott, divestment, and sanctions (BDS) movement. Formally launched in 2005, the BDS campaign opposes Zionism — a movement supporting the Jewish people’s right to self-determination — and rejects Israel’s right to exist as a Jewish nation-state. It seeks to isolate the country comprehensively with economic, political, and cultural boycotts as the first step towards its eventual elimination.
Smith College has not responded to The Algemeiner’s request for comment about the upcoming vote.
SJP has historically escalated its pressure tactics in the event that procedure fails to translate its demands into policy. Following Smith College’s rejection of divestment from Israel in spring 2024, dozens of SJP affiliated students occupied the College Hall administrative building for two weeks. The incident led to a face-to-face confrontation with Smith president Sarah Willie-LeBreton in which the students shouted over Willie-LeBreton as she attempted to negotiate with them, prompting her to say, “Screaming at me every time I talk does not show me respect; it does not begin to show me the respect I am showing you.”
Adopting divestment proposals dictated by anti-Zionist groups is a recipe for squandering tens of billions of dollars in endowment returns, according to a report published in September 2024 by the JLens investment network, an arm 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 said BDS 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 in growth, 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.
Citing fiduciary concerns, virtually all colleges asked to adopt BDS have turned it down.
In March 2025, Bowdoin College in Brunswick, Maine did so when 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. In a report authored by the college’s Ad Hoc Committee on Investments and Responsibility, it said, “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.”
Boston University rejected divestment the previous 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.”
Follow Dion J. Pierre @DionJPierre.