Penn loses $100 million donation over antisemitism hearing [View all]
Source: axios.com
3 hours ago -
A University of Pennsylvania donor is withdrawing a gift worth around $100 million to protest the school's response to antisemitism on campus.
The big picture: The final straw for Ross Stevens, founder and CEO of Stone Ridge Asset Management, was Tuesday's widely criticized congressional testimony by Penn president Liz Magill.
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Stevens, in a letter from his lawyers to Penn, alleges that the school has violated the terms of the limited partnership agreement, including its anti-discrimination and anti-harassment policies.
Referring to Penn, Stevens writes: "Its permissive approach to hate speech caling for violence against Jews and laissez faire attitude toward harassment and discrimination against Jewish students would violate any policies of rules that prohibit harassment and discrimination based on religion, including those of Stone Ridge."....................................
Read more: https://www.axios.com/2023/12/07/upenn-antisemitism-magill-100-million-donation
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University of Pennsylvania President Liz Magill testifying in front of Congress. Photo by Jabin Botsford/The Washington Post via Getty Images.
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