A donor for the University of Pennsylvania is withdrawing almost $100 million after students have expressed an increase of antisemitism on campus following the October 7 attack on Israel.
Lawyers for Stone Ridge Asset Management CEO Ross Stevens sent a letter to the university, explaining that the school violated the company’s limited partnership agreement.
According to the letter, UPenn failed to follow its anti-discrimination policies.
The letter stated that the university’s “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,” Fox News reported.
Stevens’ letter noted that he and Stone Ridge would consider donating to the university if the school’s president was replaced.
American Faith reported that other universities have lost funding following a surge in antisemitism.
Jewish billionaire and philanthropist Henry Sweica resigned from the Board of Columbia Business School due to antisemitism.
He said the Ivy League school displayed “moral cowardice.”
“To my deep regret, the reputation and integrity of Columbia University, and by extension Columbia Business School, have been significantly compromised by a moral cowardice that appears beyond repair,” he wrote in a letter.
“This is abhorrent,” Sweica added. “Any other minority group on campus would never have to face anything close to this level of intimidation and hatred of Jewish and pro-Israel students experience.”
“With blatantly anti-Jewish student groups and professors allowed to operate with complete impunity, it sends a clear and distressing message that Jews are not just unwelcome, but also unsafe on campus,” he noted.