UPenn Loses $100 Million Over Administration’s Tolerance Of Antisemitism

UPenn President Liz Magill
  • The University of Pennsylvania lost a $100 million donation over controversial Congressional testimony from the school’s president.
  • Ross Stevens, former CEO of Stone Ridge Asset Management, told the school of his move in a letter from his lawyers, obtained by Axios. In it, they cited President Liz Magill’s testimony as the impetus for the rescinding of the gift, and they mentioned broader problems with the college’s handling of antisemitism.
  • Also on Thursday, UPenn’s board of trustees held an emergency meeting, a university spokesperson told CNN, following urging from Gov. Josh Shapiro (D-PA). The House announced an investigation into the school as well.