Over the summer, 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 is eligible to receive donations from the Multi-School Fossil Free Divestment Fund. This makes SSU the first school in the Fund to meet this criteria.
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.
Per the our charter, the Fund will close out on December 31st, 2018*. Since Salem State is currently the only school in the fund eligible to receive donations, they are poised to receive the entirety of the fund’s holdings — $57,000 — at the end of the year.
For more info on Salem State University’s announcement, click here.
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Can I still donate?
Yes, you can still donate until the Fund closes on December 31, 2018. However, keep in mind that whatever school you donate for will not receive that money unless they meet the Fund’s divestment criteria before the closing date.
I marked my donation for a school other than Salem State University. What will happen to it?
As per the Fund’s donor acknowledgement terms, only schools that meet the divestment criteria will receive donations entered into the fund. When the fund closes, all donations will be split among the schools that have divested. Currently, that is only Salem State University.
So in short, SSU 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.