Skip to main content
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

UPenn Donor WITHDRAWS $100M Donation Over President’s Anti-Semitic Remarks


The University of Pennsylvania has just lost a staggering $100 MILLION dollar donation due to the antisemitic remarks made by President Liz Magill during her testimony before Congress.

On Tuesday, Pres. Magill joined the presidents of MIT and Harvard to testify in front of Congress. When asked by Rep. Elise Stefanik if calling for the genocide of Jews violates campus policy, the educators replied that it was NOT explicitly against their bullying and harassment policies.

Magill went further to clarify that calling for the genocide of Jews is not a violation of campus conduct, unless it leads to the actual murder of Jews.

Watch her, frankly shocking, antisemitic reply for yourself here:

In response, Ross Stevens, the CEO of Stone Ridge Asset Management took a bold stance.

On Thursday, he sent a letter to the University of Pennsylvania informing them of his decision to withdraw his MASSIVE $100 million gift to the school.

Take a look:

This is not only a significant financial loss for the University of Pennsylvania, but a strong statement in support of the Jewish community.

Money talks.

As a result, UPenn is now expected to ask President Magill to resign!

Our friends over at The Gateway Pundit have more details:

On Tuesday, the House Education Committee invited the leaders of MIT, Harvard, and Penn to testify in front of Congress.

During their testimony, Rep. Elise Stefanik asked the educators if calling for the genocide of Jews violates the code of conduct on their campuses. Not one of the campus leaders could answer the question.

Presidents of the University of Pennsylvania, Harvard, and MIT smilingly say that calling for the genocide of Jews isn’t necessarily against their code against harassment and bullying on campus. Penn president Liz Magill suggested it was not a violation unless it led to actual genocide.

On Thursday, Ross Stevens, CEO of Stone Ridge Asset Management, sent a letter to the University of Pennsylvania, announcing the withdrawal of a substantial $100 million donation. This move comes in response to President Liz Magill’s recent anti-Semitic comments before Congress.

BBC also commented:

A major University of Pennsylvania donor has withdrawn a $100m (£79.3m) grant after a controversial appearance in Congress by the school’s president.

In an email seen by the BBC, Ross Stevens said he was “appalled” Elizabeth Magill avoided questions about how students calling for the genocide of Jews would be punished.

Ms Magill was grilled by politicians on Tuesday about antisemitism on campus.

She has since apologised for her remarks, but is facing calls to resign.

US media are reporting the advisory board at Wharton – the university’s business school – has written a letter to Ms Magill calling for her to step down “with immediate effect”.

American college campuses have seen angry protests and rising incidents of antisemitism since the war between Israel and Hamas erupted two months ago.

Ms Magill appeared in the House of Representatives alongside the presidents of Harvard and MIT, Claudine Gay and Sally Kornbluth.

They were asked by Republican New York Congresswoman Elise Stefanik: “Does calling for the genocide of Jews violate [your university’s] code of conduct or rules regarding bullying and harassment? Yes or no?”

Ms Magill and her MIT and Harvard counterparts did not reply yes or no but said – in varying ways – that it depended on the “context”.

There has been a widespread backlash since, with the White House condemning the remarks.

“The lack of moral clarity is unacceptable,” Second Gentleman Doug Emhoff, the highest-ranking Jewish member of the administration, said on Thursday at a ceremony to mark the lighting of the national menorah.

In his message about the withdrawal of the donation, Mr Stevens said: “I have clear grounds to rescind Penn’s $100 million of Stone Ridge shares due to the conduct of President Magill.”

What do you think?

Are you proud of Ross Stevens’ bold move?

Should Liz Magill be forced to resign?



 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Leave a comment
Thanks for sharing!