Billionaire donors are withholding gifts to Ivy League colleges like Harvard, Columbia and UPenn over antisemitism on campus in the wake of Hamas' terror attack on Israel.
Billionaires are pulling back on donations to leading Ivy League colleges amid allegations of antisemitism and anti-Israel sentiment that have become more visible in the wake of Hamas’ terror attack on Israel. Hamas’ Oct. 7 terror attack that killed at least 1,400 Israeli civilians and soldiers and at least 35 Americans sparked a response on elite campuses in the U.S.
Harvard University had the largest endowment of all U.S. universities in fiscal year 2022 with a market value of $49.4 billion in funding according to the National Association of College and University Business Officers and TIAA. Harvard has been a focal point for campus clashes over the conflict in the Middle East and has sparked donor unrest.
Bill Ackman, the billionaire founder and CEO of Pershing Square Capital Management, was one of several executives to call for the names of student signatories to be revealed publicly so that those business leaders could avoid hiring them in the future. Ackman said such students should either resign from the groups that signed the letter or work to revise it to avoid negative consequences due to their association with the controversial letter that was taken down amid the controversy.
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