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University Donors Pulling Their Support

University Donors Are Pulling Their Support After Schools Failed To Condemn Hamas

Many billionaires, business moguls, and university alumni are withdrawing their support from Ivy League universities after school administrators and students failed to strongly condemn the Hamas terrorist attacks against Israel.

Harvard University and the University of Pennsylvania (UPenn) were heavily criticized for their response to the October 7 Hamas terrorist attacks, after which students and faculty blamed Israel for the conflict.

Jon Huntsman Jr., former U.S. ambassador to China and governor of Utah, said in a letter that the Huntsman Foundation would no longer be donating to UPenn after its “silence in the face of reprehensible and historic Hamas evil against the people of Israel” and called the situation “a new low” for the university.

David Magerman, who helped launch the trading hedge fund Renaissance Technologies and a “Torah-observant Jew,” said on October 17 that he would also be revoking his funding after UPenn President Liz Magill did not immediately label Hamas as a terrorist organization in her October 10 statement.

Further, after over 30 student groups at Harvard refused to condemn Hamas as a terrorist organization and blamed Israel for the attacks, the Wexner Foundation, founded by billionaire Leslie Wexner, announced in an October 16 letter that it would no longer be funding the university.

Ken Griffin, a Harvard alum and founder of Billionaire Citadel, and Bill Ackerman, billionaire and CEO of Pershing Square Capital Management, vowed earlier this month that their companies would not hire student leaders at Harvard who signed onto letters blaming Israel for Hamas’ attacks.

Lastly, Larry Hogan, former governor of Maryland, announced Monday, October 23, that he would no longer participate in fellowships with the Kennedy School and the Chan School of Public Health. He said that the university should have called out the students’ statements on Israel. (DC / VFI News)

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