NU Regents to consider i
resolution for divestment
By Jennifer O’Cilka
Senior Reporter
A resolution asking the NU Foun
dation to comply with state law con
cerning investment in South Africa
will come before the NU Board of
Regents on Friday.
“The resolution would ask the
foundation to adhere to the spirit and
intent of state law addressing divest
ment of state agencies,” said UNL
“4 4
This entire episode has
really given the univer
sity a black eye.
Gosch
ASUN president
-11
Student Regent Phil Gosch, the reso
lution's sponsor. “Itisasking them to
voluntarily comply as the university
does, as the Nebraska State Historical
Society does, as all state agencies
do.”
State law, as declared by the Ne
braska Legislature in Revised Stat
utes 72-1270 and 72-1276, requires
state agencies to divest, Gosch said.
The foundation is a private agency
and, by law, is not required to divest.
The divestment debate has been at
the forefront for more than four months,
Gosch said, and UNL students and
faculty are “almost unanimously in
support of divestment.”
‘ ‘Campus opinion, as well as pub
lic opinion,overwhelmingly supports
this,” Gosch said. “Yet the founda
tion consistently resists change.”
Although the NU Board of Re
gents has no legal jurisdiction over
the foundation, Gosch said, it may be
the only group in the state able to get
the changes through.
Regents policy No. 666 states that
the foundation exists solely for the
benefit of the university, Gosch said.
The assets of the foundation, exceed
ing $210 million, are invested or
administered for the benefit of the
university.
“This entire episode has really
given the university a black eye,”
Gosch said. “The board has the op
portunity to at least clear the univer
sity.”
Gosch said that he hoped the rcac- j
tion of the other regents would be
positive.
“I think they realize this issue
isn’t going to go away,” he said.
If the issue isn’t resolved now,
Gosch said that he thought the Legis
lature would take action in its next
session.
“If this isn’t resolved before the
legislative session, the ramifications
could be serious,” Gosch said. “If
the foundation doesn’t resolve their |
questionable investments, the Lcgis- jj
laturc will resolve it for them.”
Beginning midnight Saturday,
Sept. 1
12:57 p.m. -- Obscene phone
call, Pound Residence Hall.
5:48 p.m. — Two-car accident,
Harpcr-Schramm-Smith lot, S75.
7:49 p.m. -- Driving while in
toxicated, 14th and U streets.
8:06 p.m. -- Party taken to de
toxification, Memorial Stadium.
Beginning midnight Sunday,
Sept. 2
8:45 a.m. - Burglary, the for
mer Whittier Junior High School,
2255 W St., $55.
3:40 p.m. -- Follow-up to Whit
tier Junior High School burglary,
2255 W St.
10:57 p.m. -- Obscene phone
calls, Pound Residence Hall.
Beginning midnight Monday,
Sept. 3
5:47 p.m. — Theft of radar de
tector from car, south side of
Bob Devancy Sports Center,
SI 65.
8:19 p.m. — Asthma attack,
Devancy Sports Center, party
taken to Lincoln General Hos
pital.
9:39 p.m. -- Pulled muscle,
Memorial Stadium.
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Regents
Continued from Page 1
he said. “Bui let’s not pick South
Africa because it’s the thing to do.
The underprivileged (in South Af
rica) already know they don’t want
what they’ve got over there.”
Wilson said he hoped South Afri
can program financing would not take
money from existing scholarships or
reduce the number of other students’
scholarships but would come from
additional, externally raised funds.
“I don’t think any Nebraskans
would be deprived of funding,” he
said. “The University of Nebraska
and the foundation would work to
gether to establish the program by
bringing in additional external fund
ing. But I think the f oundation should
be a major player” in financing the
South African scholarships.
He said the program would not
necessarily cost NU since the struc
ture for administering scholarships is
in place and the new program would
not require much extra effort.
“I'm just suggesting that it would
be a worthwhile project for the foun
dation to fund,” Wilson said. “It
would be a positive commitment on
the part of the foundation to construc
tive change in South Africa. The
foundation is absolutely not support
ing the pro-apartheid government.”
Wilson said about 2(X) American
colleges and universities participate
in the program, operated by the Insti
tute of International Education. NU
and Oklahoma Stale University arc
the only two universities in the Big
Eight that are not participants.
The scholarship program and other
educational alternatives relating to
South Africa and apartheid arc under
consideration by UNL. Chancellor and
NU Interim President Martin Mas- -
sengalc’s special committee on South
Africa, according to J.B. Millikcn,
corporation secretary for the N U Board
of Regents.
If Massengale agrees with the
committee’s rccommendauons, he may
request scholarship program financ
ing from the foundation but still may
present the issue to the board for
information or approval if required,
Millikcn said.
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