Harvard pledges $100 million to atone for role in slavery

The Associated Press ^ | April 26, 2022 | By COLLIN BINKLEY

[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.

[Bigg Red]

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

This sounds like a money-laundering step to me.

[jeffersondem]

“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.

[ActresponsiblyinVA]

Who cares what Harvard wants to do with their money?

[vetvetdoug]

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

[Sacajaweau]

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**.

[Harpotoo]

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

[jacknhoo]

$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

[Pollard]

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

[TonyM]

In other news: Harvard triples tuition for white students.

[ridesthemiles]

Cotton doesn’t like cold weather.

DO NOT believe cotton fields were ‘up north’.

[Chad_the_Impaler]

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.

[SgtHooper]

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

[Altura Ct.]

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

[T.B. Yoits]

Harvard can start by releasing the foreign student records of Obama.

[FlingWingFlyer]

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.

[nascarnation]

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

[Taxman]

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

[nicollo]

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

I know at least one. He escaped to Philadelphia.

[Jimmy Valentine]

$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.