The University of Virginia’s (UVA) multi-billion-dollar endowment managers have decided not to divest from Israel despite a pro-boycott referendum in February. Despite a fall divestment campaign, UVA’s investment management company chose to focus on financial returns rather than politics.
Over 8,000 students voted in the referendum supporting full divestment from Israel, but Virginia attorney general Jason Miyares urged the board to reject the calls due to recent attacks on Israel. He condemned the Boycott, Divestment and Sanctions movement as a threat to the Jewish state.
A Jewish student filed a lawsuit against UVA for hate-based discrimination, alleging lack of protection from university officials during anti-Israel protests. The CEO emphasized that investments should not convey political opinions.
Interestingly, other universities globally have taken actions against Israeli institutions, suspending student exchanges and cutting ties over human rights concerns.
Despite student protests, UVA remains firm in its decision, emphasizing financial goals over political statements.
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