After Princeton Theological Seminary pledged last week to use $27.6 million of its endowment to pay reparations for slavery reparations the Black student association said it’s “a great start, but not enough.”
The Black student association would like at least $120 million more.
In 2015, a black student group at Princeton occupied the university president’s office this month and demanded the Ivy League college change the name of its renowned Woodrow Wilson School of Public and International Affairs because of the former US president’s stance on segregation.
NJ.com reports Princeton Theological Seminary pledged last week to use $27.6 million of its endowment to pay reparations for the school’s historic ties to slavery, believed to be the largest amount ever paid by a school to atone for benefiting from the slave trade.
The school’s black student association says it’s “a great start, but not enough.”
The Association of Black Seminarians at Princeton Theological Seminary — a student group that helped raise the slavery reparations issue at the school — plans to call for at least $120 million more in slavery reparations along with money for current African-American students and other changes, the association’s president said.
“We are going to announce our official response next week and then submit our discrepancies to president’s office,” said the Rev. Nicholas Young, a master’s student and president of the Association of Black Seminarians at Princeton Theological Seminary.
The group argues Princeton Theological’s own research concluded about 15% of the school’s current endowment is tied to profits made from investments and donors tied to slavery.
“True repentance would require the institution to give back at least what has been unjustly acquired. Fifteen percent of the endowment is $147 million,” the student group said.
The group called on Princeton Theological to provide restitution to African-American alumni and current students and invest in impoverished communities. The group also wants the seminary to come up with a plan change the names of buildings honoring slave owners or people who supported white supremacy.
This article was written by the staff of TheConservativeOpinion.com