[GSC-Diversity-All] MIT Sudan Divestment (Finally!)

[Elizabeth Margarette Clay]

MIT today made the following announcement about its investment policies:

May 14, 2007

MIT shares the concern of many in our community for the extraordinary
human tragedy taking place in the Darfur region of Sudan. The
situation is sufficiently grave that MIT in this case is making an
exception to its long-standing policy of not speaking with a single
institutional voice on matters of public debate not directly
affecting MIT's core mission of education, research, and service.

MIT invests for the purpose of preserving the capital of MIT's
endowment and earning a return on capital that is consistent with
MIT's long-term investment horizon. At the same time, MIT will not
invest in a company whose actions or expressed attitudes are
abhorrent to MIT.

In the case of Sudan, the U.S. government, the United Nations and
various international organizations have declared that certain
actions there amount to genocide. The risk of MIT being associated
with truly abhorrent acts is real. MIT is reviewing the securities
portfolios over which it may exercise direct investment discretion
and will divest as appropriate for those portfolios to exclude
securities that would violate MIT's investment principles.

MIT's Advisory Committee on Shareholder Responsibility served an
important role in the considerations leading to this action. The
Executive Committee thanks the members and staff of that committee
for their dedication to the Institute and their thoughtful work.