Columbia Will Divest From Private Prison Companies

June 23, 2015

Columbia University's board voted Monday to divest its endowment from private prison companies, CNN reported. Columbia may be the first American college or university to adopt such a policy. Student and faculty groups have been urging the shift. Columbia has in the past invested in two such companies, although there have been reports that holdings in one company were sold prior to Monday's vote. A statement from the university to CNN said: “This action occurs within the larger, ongoing discussion of the issue of mass incarceration that concerns citizens from across the ideological spectrum. The decision follows… thoughtful analysis and deliberation by our faculty, students and alumni.”

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