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Rice University’s Student Newspaper — Since 1916

Sunday, September 26, 2021 — Houston, TX °

Sam Stoeltje


OPINION 1/26/21 10:25pm

If the GSA Sells Out, Third Ward Suffers

On Jan. 19, the Rice Graduate Student Association met to discuss a new “endowment proposal.” GSA normally operates with a rollover fund from the previous year, but due to the COVID-19 pandemic and the  cancellation of activities typically financed by the GSA, they’ve found themselves with too much money on hand. With over $50,000 in funds from the previous fiscal year when the pandemic began, as well as an anticipated $70,000 in the year that started in July, this endowment is projected to top six figures. Their proposal? Hand $100,000 of this money over to the Rice Management Company for investment. Not only would this be a disservice to graduate students who paid into the so-called “surplus,” it will make us complicit in politically and ethically troubling investments. The GSA should reverse the decision.