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Virginia Commonwealth
University's Investments
Virginia Commonwealth University has a very complex system of investments.
In addition to the companies that VCU directly invests in, as listed
below, VCU invests heavily in US government bonds and other funds.
Seeing that the United States completly supports the state of Israel,
these government bonds can be considered investment in the state of
Israel, and in the future the VCU divestment campaign will decide whether
or not to add these US government bonds to our demands for
Divestment. In addition to direct investments VCU also has three
endowment funds the VCU fund, the MCV fund, and the School of Engineering
fund. These funds have roughly 20 million plus dollars invested in
various companies. Analysis of this element of the budget is complex
due to the private nature of the endowments. Also Virginia
Commonwealth University has a Starbucks coffee shop in the school
Library. Starbucks is a company that has been identified as a major
supporter of the state of Israel, and as such it will be a major part of
our divestment campaign to demand the removal of the Starbucks from school
property.
The following Companies
that VCU invests in do substantial Military dealings with Israel.
These military dealings directly help Israel Murder Palestinian Civilians
and destroy homes, schools and buisnesses. More information on the amount
of VCU investment in these companies, and the companies investments in the
Israeli military is located in the tables below.
Hewlett Packard
Ford
General Electric
Caterpiller
Total amount of VCU's
investments in the state of Israel: $8,231,122
(as located so far by Free Palestine Now!)
(located so far: Direct Investment and MCV fund investments)
VCU's Direct Investments
(info on the companies investments comes from US-IBEX-US Israel buisness
exchange, more info on their investments will be posted soon)
Grand Total for VCU's
direct investments in the state of Israel: $2,539,598
| Company |
Amount VCU has
invested |
Companies Investments
in Israel |
| Coca Cola |
$125,000 |
Has Franchise Operations
within Israel |
| General Electric |
$100,000 |
Invests in 10million Precise
offering. Produces propulsion systems for Israeli aircraft such as
the Apache attack helicopters. |
| Merrill Lynch |
$200,000 |
ownes 12.5% of Bezek, ownes
10% of Mashov Marketings Walla! |
| Pepsico |
$100,000 |
Has Franchise operations
within Israel (Clal Trading ltd, Elite ltd, Tempo Beer Industry
ltd.) ownes 50% of elite foods, a subsidiary of Elite ltd. |
| Chase Manhattan Corp Bank (NY) |
$330,000 |
Works through Tamir-Fishman Co |
| Caterpiller |
$205,000 |
Sells bulldozing equpment to
Israel, which is used to demolish Palestinian homes, schools,
buisnesses, and uproots olive trees belonging to
Palestinians. |
| General Motors |
$100,000 |
sizeable dealings with the
Israeli economy (more TBA) |
| Hewlett Packard |
$115,000 |
R&D center in
Israel. Owns Computations & Measurments Ltd. Owns part
of Technion Institute, which helps develop Israels High tech
weaponary |
| IBM |
$115,000 |
With Merrill Lynch purchased
10% of Mashov Marketings Walla!, owns Ubique, owns 100% of Softel,
owns 100% of IBM Israel |
| Nations Bank |
$103,000 |
Owns part of Mediagate |
| Citigroup |
$350,000 |
Offers full banking services
within Israel |
| Ford |
$326,598 |
Invests in developing
diagnostic systems at Ben-Gurion University for two-stroke engines
used on Israeli Military vehicles |
| Morgan Stanley/Dean Witter |
$100,000 |
Purchased 1.8% of Koor group,
Owns 5% of SuperSol |
| Lehman Brothers |
$100,000 |
Bought 2% of Bank Leumi for
$52m, Bought 1.45% of Bank Leumi completing a purchase of 4% of
the Bank, $34m for its stake. Purchased 4.5% of Leader
Investments for 2m. Purchased 8% of Nice Systems for $38.7m |
VCU
Health System Investments (Medical College of Virginia Fund)
Grand Total for MCV fund
investments in the state of Israel: $5,691,523
| Company |
Amount
MCV Fund has investments |
Companies
investments in Israel |
| Coca Cola |
$225,000 |
Has Franchise
operations within Israel |
| General Electric |
$400,000 |
Invests in 10million Precise
offering. Produces propulsion systems for Israeli aircraft such as
the Apache attack helicopters. |
| Merrill Lynch |
$400,000 |
ownes 12.5% of
Bezek, ownes
10% of Mashov Marketings Walla! |
| Pepsico |
$200,000 |
Has Franchise operations
within Israel (Clal Trading ltd, Elite ltd, Tempo Beer Industry
ltd.) ownes 50% of elite foods, a subsidiary of Elite ltd. |
| Chase Manhattan
Corp Bank (NY) |
$660,000 |
Works through
Tamir-Fishman Co |
| Caterpiller |
$570,000 |
Sells bulldozing equpment to
Israel, which is used to demolish Palestinian homes, schools,
buisnesses, and uproots olive trees belonging to
Palestinians. |
| General Motors |
$210,000 |
sizeable dealings with the
Israeli economy (more TBA) |
| Hewlett Packard |
$175,000 |
R&D center in
Israel. Owns Computations & Measurments Ltd. Owns part
of Technion Institute, which helps develop Israels High tech
weaponary |
| IBM |
$200,000 |
With Merrill Lynch purchased
10% of Mashov Marketings Walla!, owns Ubique, owns 100% of Softel,
owns 100% of IBM Israel |
| Citigroup |
$625,000 |
Offers full
banking services within Israel |
| Ford |
$1,716,523 |
Invests in
developing diagnostic systems at Ben-Gurion University for
two-stroke engines used on Israeli Military vehicles |
| Lehman Brothers |
$250,000 |
Bought 2% of Bank
Leumi for $52m, Bought 1.45% of Bank Leumi completing a purchase
of 4% of the Bank, $34m for its stake. Purchased 4.5% of
Leader Investments for 2m. Purchased 8% of Nice Systems for
$38.7m |
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