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Harvard pledges $100 million to atone for role in slavery
The Associated Press ^ | April 26, 2022 | By COLLIN BINKLEY

Posted on 04/26/2022 12:07:06 PM PDT by Oldeconomybuyer

BOSTON (AP) — Harvard University is vowing to spend $100 million to research and atone for its extensive ties with slavery, the school’s president announced Tuesday, with plans to identify and support the descendants of enslaved people who labored at the Ivy League campus.

President Lawrence Bacow announced the funding as Harvard released a new report detailing many ways the college benefited from slavery and perpetuated racial inequality.

The report, commissioned by Bacow, found that Harvard’s faculty, staff and leaders enslaved more than 70 Black and Native American people from the school’s founding in 1636 to 1783. It cautions that the figure is “almost certainly an undercount.” Using historical records, researchers were able to identify dozens of enslaved people by name, along with their connection to the university.

“Enslaved men and women served Harvard presidents and professors and fed and cared for Harvard students,” researchers found. “Moreover, throughout this period and well into the 19th century, the University and its donors benefited from extensive financial ties to slavery.”

The report says the university “should make a significant monetary commitment, and it should invest in remedies of equal or greater breadth than other universities.” But the report stops short of recommending direct financial reparations, and officials have no immediate plans for that kind of support.

Building on earlier research at Harvard, the report details how the nation’s oldest and wealthiest college profited from the slave trade throughout its early history. It invested directly in the sugar and rum industries in the Caribbean, and the cotton and railroad industries in the United States. It also depended on wealthy donors who accumulated their wealth through the slave trade and industries that relied on it.

(Excerpt) Read more at apnews.com ...


TOPICS: Culture/Society; News/Current Events; Politics/Elections; US: Massachusetts
KEYWORDS: harvard; reparations; slavery; woke
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To: Oldeconomybuyer

I wonder how they plan to atone for selling our country to Communist China.

This sounds like a money-laundering step to me.


41 posted on 04/26/2022 12:49:00 PM PDT by Bigg Red (Trump will be sworn in under a shower of confetti made from the tattered remains of the Rat Party.)
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To: Altura Ct.

“Why only a $100 million? If you are truly sorry you’d give it all. In fact shut down the evil institution.”

This.

And then give the land back to the Indians.


42 posted on 04/26/2022 12:51:04 PM PDT by jeffersondem
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To: Oldeconomybuyer

Who cares what Harvard wants to do with their money?


43 posted on 04/26/2022 12:54:55 PM PDT by ActresponsiblyinVA
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To: Oldeconomybuyer

I’m all for making the people that captured and sold the blacks and put them on slave ships pay reparations.


44 posted on 04/26/2022 12:58:13 PM PDT by vetvetdoug
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To: vetvetdoug
Coming to America was an escape from a much worse life. The present generation of blacks OWES THEIR ANCESTORS and it's about time they thank them for walking the road that lead to today.

Blacks....get your a** in gear and make them proud.

Stop pulling this....woe is me....sh**.

45 posted on 04/26/2022 1:11:01 PM PDT by Sacajaweau ( )
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To: Oldeconomybuyer

Well they do need something to do with all the chinese $$$$$ they’ve gotten.


46 posted on 04/26/2022 1:14:48 PM PDT by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
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To: Oldeconomybuyer

$100,000,000 in 2022 would be equivalent to $5,252,100.8 in 1636. (The U.S. dollar has lost ~94% its value since 1636)

$100,000,000 in 2022 would be equivalent to $3,687,315.6 in 1783. (The U.S. dollar has lost ~96% its value since 1783)

So, lets say ~13 generations (~30 yrs. each) since 1636. A single slave family in 1636 could have at Gen. 15: ~2,000,000 direct living descendants.

Yeah, give them all their $50, assuming thy all live in the USA.
http://freepages.rootsweb.com/~pamonval/genealogy/howbig.html


47 posted on 04/26/2022 1:22:52 PM PDT by jacknhoo ( Luke 12:51; Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: Oldeconomybuyer

Shouldn’t they be paying some Irish families for their role in eugenics too?


48 posted on 04/26/2022 1:23:14 PM PDT by Pollard (Who stole my tagline?)
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To: Oldeconomybuyer

In other news: Harvard triples tuition for white students.


49 posted on 04/26/2022 1:26:26 PM PDT by TonyM (Score Event)
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To: FlingWingFlyer

Cotton doesn’t like cold weather.

DO NOT believe cotton fields were ‘up north’.


50 posted on 04/26/2022 1:31:37 PM PDT by ridesthemiles
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To: Oldeconomybuyer
Bacow said Harvard will attempt to redress its wrongs through “teaching, research and service.” He is creating a committee to implement the report’s suggestions.

The headline makes it sound like Harvard is giving away the money. But it seems from the above quote from the article that Harvard is folding the money back into its own activities, rather than paying reparations.
51 posted on 04/26/2022 2:10:18 PM PDT by Chad_the_Impaler
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To: Altura Ct.

THAT is the truth! So they need to give it all to...to...to. the HISPANICS!


52 posted on 04/26/2022 2:10:39 PM PDT by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: jeffersondem

Yes, that is an important part. Give the land to the Indians.


53 posted on 04/26/2022 2:18:36 PM PDT by Altura Ct.
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To: Oldeconomybuyer
Harvard can start by releasing the foreign student records of Obama.
54 posted on 04/26/2022 2:21:59 PM PDT by T.B. Yoits
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To: ridesthemiles

It sounds to me like Harvard is ripping off its students for tuition money. They’ve got so much money they can throw it away on crap like this.


55 posted on 04/26/2022 2:28:18 PM PDT by FlingWingFlyer (Don't blame me, I voted for President Trump. Let's Go Brandon! FJB!)
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To: FlingWingFlyer

Big education is basically a money transfer from students borrowing to give to Democrats with universities and their employees as middlemen.


56 posted on 04/26/2022 2:30:36 PM PDT by nascarnation (Let's Go Brandon!)
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To: Oldeconomybuyer

Look for big $$$$ bux grants to “needy” black Harvard grads!


57 posted on 04/26/2022 3:02:29 PM PDT by Taxman (SAVE AMERICA!)
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To: Oldeconomybuyer

How many Boston indentured servants went unpaid, underpaid, and with promises unkept?

I know at least one. He escaped to Philadelphia.


58 posted on 04/26/2022 4:48:05 PM PDT by nicollo
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To: Oldeconomybuyer

$100K is lunch money in the staff cafeteria. Be sincere and pledge one half of your endowment. That will be a nice start to atone for your sins.


59 posted on 04/26/2022 5:37:59 PM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dreams)
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