[ April 17, 2026 ]
Every donor should follow suit. Stop funding the destruction of the American mind.
Penn loses $100 million donation over antisemitism hearing
By: Axios, December 8, 2023:
A University of Pennsylvania donor is withdrawing a gift worth around $100 million to protest the school’s response to antisemitism on campus.
ADVERTISEMENTThe final straw for Ross Stevens, founder and CEO of Stone Ridge Asset Management, was Tuesday’s widely criticized congressional testimony by Penn president Liz Magill.
The gift from Stevens, a Penn undergrad alum, was given in December 2017 to help establish a center for innovation in finance.
- It was in the form of limited partnership units in Stone Ridge, with the current value estimated at around $100 million.
- Stevens, in a letter from his lawyers to Penn, alleges that the school has violated the terms of the limited partnership agreement, including its anti-discrimination and anti-harassment policies.
- Referring to Penn, Stevens writes: “Its permissive approach to hate speech caling 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.”
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