San Francisco State University's endowment foundation voted to approve a new investment policy, a move celebrated by anti-Israel protesters. The SF State Foundation approved the policy on December 12th following months of negotiation with anti-Israel protesters, according to [Source Name]. The foundation manages a portfolio of over $160 million.
While the new policy doesn't specifically mention Israel, it does restrict investments in weapons manufacturers and companies that 'facilitate or enable severe violations of international law and human rights.' Anti-Israel protesters at the school hailed the decision as a victory, writing on Instagram, 'Following our encampment protesting SF State's complicity in Israel's genocide of the Palestinian people, SF State divested from four human rights abusers.' President of the SF State Foundation, Jeff Jackanicz, told the outlet in an interview that the university wasn't going to consider BDS. 'They would come to us with certain demands,' Jackanicz said. 'We would push back and say we're not willing to entertain BDS as a possibility, nor are we willing to do anything that would essentially be a proxy for BDS.