Divest Fund releases funds to Salem State!
Read the press release here.
Per our charter, the Fund closed out on December 31st, 2018*. Salem State University is the only school in the fund eligible to receive funds, so they will receive the entirety of the fund’s holdings — $57,000. Thank you Salem State for standing up for our future!
Over the summer of 2018, Salem State University (SSU) announced it was divesting from fossil fuel companies. After reviewing the university’s announcement and speaking directly with SSU divestment activists, the Divest Fund Advisory Council voted unanimously that SSU was eligible to receive donations from the Multi-School Fossil Free Divestment Fund.
According to Divest SSU organizer Noel Healy, the Fund was a key leverage point that helped nudge the university administrators in the right direction. We on the Fund’s Advisory Council are grateful for the tireless efforts of Divest SSU and couldn’t be more thrilled to be a part of this victory.
For more info on Salem State University’s announcement, click here.
Please contact email@example.com with any questions.
Can I still donate?
No, as of December 31, 2018 the Divest Fund is no longer accepting donations.
I marked my donation for a school other than Salem State University. What happened to it?
As per the Fund’s donor acknowledgement terms, only schools that met the divestment criteria can receive donations entered into the fund. Since SSU was the only school to meet those criteria, they will receive your donation. And that’s great, because you’re rewarding them for taking action on climate and rejecting fossil fuel investments! Thank you!
*The Fund was originally scheduled to close at the end of 2017, but as no school had met the criteria for funds release at that time, the advisory council approved a 1-year extension to the fund.