(Daily Caller)—A donor to the University of Pennsylvania (UPenn) is withdrawing a donation of roughly $100 million in response to its president’s congressional testimony Tuesday, according to Axios.
Several elite university presidents spoke before Congress Tuesday, including UPenn President Liz Magill, Harvard University President Claudine Gay and Massachusetts Insitute of Technology President Sally Kornbluth, and they refused to answer whether calling for genocide against Jews on campus was a violation of their codes of conduct. Ross Stevens, founder and CEO of Stone Ridge Asset Management, decided to pull his donation Thursday, alleging that the school violated the terms of the donation by violating anti-discrimination and anti-harassment policies, according to Axios.
“Its permissive approach to hate speech calling 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,” Stevens wrote in a letter to the university.
Large donors have been withdrawing from elite universities following their responses to antisemitism on campus.
Jon Huntsman Jr., a UPenn alumnus with an estimated net worth of $1 billion condemned the university’s “silence” regarding Hamas’ attack against Israel and halted donations to UPenn. Magill did not refer to Hamas as a terrorist organization until after prominent donor Huntsman said his family would stop donating to the university.
The Wexner Foundation, founded by billionaire Leslie Wexner, stopped donating to Harvard University following the university’s response.
Both Magill and Gay backtracked on their statements on that hearing and clarified that calling for the genocide of Jews is not acceptable on campus following backlash, including from the White House.
A “small number” of antisemitic threats on campus to university staff resulted in Penn contacting the FBI to investigate the matter.
Over 30 student organizations at Harvard University signed a letter blaming Israel for the Hamas terrorist attacks on Oct. 7, causing uproar. Gay released a statement later in October saying that the students did not speak for the university but that the organizations had a right to free speech.
UPenn did not immediately respond to the Daily Caller News Foundation’s request for comment.
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Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
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Thank you and God Bless,
JD Rucker
It is the faculty that is running this show. They have always been there with roots going back decades. They are getting emboldened and they have the support of many in the government they just can’t take the publicity, yet. I never thought we would be reliving Germany of the thirties, but there it is.
Why are they still getting tax payer funding when they have huge endowments that are just sitting in investment accounts. Fire these Marxist administrators and professors who are pushing the indoctrination of hate, division and intolerance upon our children. Many of whom are not safe from the radical mobs that are harassing them on these campuses. Defund them now!