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Wednesday, April 27, 2022

$100 Million Endowment Fund for Slavery Reparations

 


News recently surfaced noting Harvard University is setting $100 million aside as part of an endowment fund to “close the educational, social and economic gaps that are legacies of slavery and racism.” The news was revealed during Harvard's president's email sent to students, staff, and faculty. 


A 100-page report was linked to the email, which a 14-member committee created on Harvard and the Legacy of Slavery. A legal historian and constitutional law expert named Tomiko Brown-Nagin served as a chair. 


The report lays out a history of slaves working hard on campus and how the university benefitted from the slave trade and industries connected to slavery following slavery being outlawed in Massachusetts in 1783. The reports highlight Harvard excluding Black students and scholars at the institution advocating for racism. 


In the email sent by Harvard President Lawrence Bacow, he said, “Slavery and its legacy have been a part of American life for more than 400 years,” Bacow wrote. “The work of further redressing its persistent effects will require our sustained and ambitious efforts for years to come.” Stay tuned for more updates.



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