Chicago IL – A group of 50 residents protested outside the Illinois State Board of Investment (ISBI) quarterly meeting in downtown Chicago, Friday March 27. The action was organized by the U.S. Palestinian Community Network (USPCN), Anti-War Committee Chicago (AWC), BDS Chicago, and the Illinois Divest from Genocide Network, a group of 60 organizations. Protesters demand that ISBI divest from all companies complicit in Israeli, U.S. wars, as well companies materially supporting ICE and other federal immigration enforcement here in the U.S.
The network hosted a rally outside of the quarterly meeting as they have been for the past year and a half.
“The aggression on Iran both by our government and the Zionist state happened because boards like ISBI and treasurers like Michael Frerichs refuse to divest from genocide and war. When we gift companies with government contracts, investments and tax incentives, they will continue doing the evil things that our so-called politicians stand against and oppose,” stated Husam Marajda of USPCN during the outside rally portion.
In addition to ISBI’s investments, Michael Frerichs, the Illinois state treasurer and vice chair of ISBI, has invested $100 million in Israel bonds. He renewed $15 million worth of bonds as recently as this February, despite growing demands for divestment.
After the outside rally, several people went through intense security checks and were even threatened with arrest to give public comment at the board meeting where they expressed their concern over ISBI and Frerichs’s inaction and demanded divestment. Several commenters discussed how money invested in companies like Palantir, L3Harris, and Boeing directly funds ICE kidnappings at home, and Israeli war crimes and genocide in West Asia.
Several directly invoked ISBI and Frerichs’s responsibility. As Dominic Robolino, a healthcare worker and commenter stated, “We can stop this. We can end the genocide. We can end the wars. All we have to do is turn off the tap. Pull the money out. No money for genocide. Set an example for others to follow.”
Speakers at public comment and the outside rally, including the Chicago Alliance Against Racist and Political Repression (CAARPR) spoke to how the Israeli state and complicit companies fund police violence on the streets of Chicago, ICE deportation blitzes around the country, and U.S. imperialist aggression around the world.
Gianna Escareño, another public commenter and a member of CAARPR, highlighted the ways that Boeing, L3Harris, and Palantir sell weapons and software for genocide in Palestine, and terrorizing immigrant communities in Chicago. Palantir, for example, “uses data to surveil our immigrant communities here at home and they are used in Palestine as well. They develop a kill list that is then used to brutally murder families in Palestine. How disgusting is that?”
At the end of the meeting, the network presented its research on the atrocities that Israel has committed using weapons from companies in the ISBI portfolio. They also presented signatures added to the organization’s divestment petition.
ISBI has still not released their 2025 annual report which should have been released by the end of 2025. The network had to get the data through FOIA, showing the importance of keeping pressure.
Illinois residents can sign onto the petition demanding ISBI and Frerichs divest from genocide, warmongering, and ICE raid and can keep up with any actions surrounding the campaign by following @antiwarchicago, @BDSchicago, and @USPCN on social media.
#ChicagoIL #IL #Palestine #AntiWarMovement #AntiWarChicago #BDSChicago #USPCN #BDS #Divestment
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