by James A. Bacon
I didn’t see this one coming, but I’m delighted to hear of it: Secretary of Education Aimee Guidera and Secretary of Finance Stephen Cummings have written the presidents of Virginia’s public universities asking them to verify that their endowment investments are not influenced by political considerations.

The state wants to ensure higher education institutions โinvest in a manner that prioritizes risk-adjusted investment returns independent of social, political or ideological interests,โ wrote Guidera and Cummings, according to Cardinal News, which obtained a copy of the letter.
The query follows a conversation between Gov. Glenn Youngkin and the state Council of Presidents in March that was prompted by calls of pro-Palestinian groups on college campuses to divest university assets tied to Israel, according to the letter.

I’ve followed this issue closely for the Jefferson Council as it has played out at the University of Virginia, and I refer Guidera, Cummings and Bacon’s Rebellion readers to this article: “Board Shows No Interest in Israel Divestment.”
President Jim Ryan and the Board of Visitors have ignored a resolution passed by the student body to divest companies doing business in Israel from UVA’s endowment.
However, UVA’s investment arm, UVIMCO, does have an ESG (environmental, social, governance) policy, and it maintains an Advisory Committee on Investor Responsibility. UVIMCO’s primary ESG focus has been mitigating systemic risks of climate change.
Does that count?
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