...In sum, what KLD found was that of the fund's 455 holdings, well over 200 raised significant concerns relative to Hampshire College's socially responsible investment policy and were in violation of values of socially responsible investing. It was on this basis that the investment committee voted as it did to exit from the fund when an alternative fund has been identified. The decision was entirely unrelated to Israel or the Israeli-Palestinian conflict. In fact, two of the six companies originally cited by students as problematic were given a clean bill of health on Hampshire's policy by the KLD screeners (and a third, it turned out, was not even listed as a constituent of the fund).

At the risk of repetition, let us emphasize again that this review did not include Israel, its interaction with the Palestinians, nor its presence on the West Bank as tests for the stocks in this fund. Moreover, Hampshire currently holds investments in funds that include many hundreds of companies that do business in Israel and in at least three actual Israeli companies: Amdocs, Teva Pharmaceuticals and Check Point Software...

...Sadly, though, there have been students and some members of our faculty who have mischaracterized what happened here, claiming that the board did something that it did not do. None is a member of the investment committee. We have great respect for our students and encourage their endeavors - academic, social, political. We very much want our campus to be a place for learning and for healthy debate from all points of view. But we are also clear, and urge you to understand us clearly, when we say that students do not speak for the college and may not willfully misrepresent the school. It will be, and must be, the college's task to undertake any disciplinary action, according to its established rules and procedures. Discipline is an internal process that is not shared with the public...