Exclusion of Investments in Securities of Corporations with Assets within the Republic of South Africa [microform]
- Bib ID:
- 5372473
- Format:
- Book and Microform
- Author:
- Stanford Univ., CA
- Description:
-
- [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1977
- 19 p.
- Summary:
-
The exclusion of Stanford University endowment investment in securities of corporations that have assets within the Republic of South Africa is examined, and a financial cost and benefit analysis of the situation is presented. The study indicates that if divestment were implemented Stanford would be required to sell approximately $125 million in endowment assets, including the securities of 59 corporations in 21 different industries. Divestment would mean eliminating those company's securities that the University's investment managers believe are the most lucrative. It is shown that the portion of annual dividends originating from assets within South Africa is estimated at $25,000 compared to a total dividend return in 1976 of $8,900,000. Over 99 percent of the earnings were found to be unrelated to the issue of South Africa but would be eliminated from Stanford's return by divestment. It is also suggested that excluding investments in companies on other than financial criteria would jeopardize philanthropic contributions from these companies. Appended are a list of the top 50 Standard and Poor's 500 stocks by market value, the market value of Stanford's investments in the securities of companies with assets in South Africa, a summary of the impact of exclusion by industry fields, and computation of transaction costs. (Author/SF)
- Notes:
-
- ERIC Note: Document prepared through the Office of the Director of Finance.
- May also be available online. Address as at 14/8/18: https://eric.ed.gov/
- Reproduction:
- Microfiche. [Washington D.C.]: ERIC Clearinghouse microfiches : positive.
- Subject:
-
- Administrative Policy
- Blacks
- Educational Economics
- Educational Finance
- Endowment Funds
- Expenditures
- Feasibility Studies
- Financial Support
- Foreign Countries
- Higher Education
- Investment
- Political Issues
- Politics
- Racial Discrimination
- School Business Relationship
- Divestiture Stanford University CA
- Donors South Africa
- Other authors/contributors:
- Stanford Univ., CA
- Available From:
- ERIC
- Copyright:
-
In Copyright
You may copy under some circumstances, for example you may copy a portion for research or study. Order a copy through Copies Direct to the extent allowed under fair dealing. Contact us for further information about copying.
- Reason for copyright status:
- Until 2047 [Created/Published Date + 70 Years]
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 1977
Copyright status may not be correct if data in the record is incomplete or inaccurate. Other access conditions may also apply. For more information please see: Copyright in library collections.
Request this item
Request this item to view in the Library’s reading room.
Feedback
Similar items
- The Study of Graduate Education at Stanford [microform]
- The Study and Its Purposes. The Study of Education at Stanford. Report to the University [microform]
- The Design and Testing of an Integrated Computer System for the Administrative Processes of the University. Progress Report [microform]
- University Residences and Campus Life. The Study of Education at Stanford. Report to the University [microform]
- Graduate Education. The Study of Education at Stanford. Report to the University [microform]