by Emma James, Daily Mail:
Harvard and UPenn face losing hundreds of millions in future endowments
- Up to $487million could be lost amid rising tensions between Israel and Palestine
- Billionaires Ken Griffin has requested Harvard take a robust stance in defense of Israel
- Former US Ambassador Jon Huntsman Jr has stripped his support for the University of Pennsylvania
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Ivy League schools face a multi-million dollar dip in funding after being blasted for failing to condemn Hamas‘ terrorist attacks against Israel.
Harvard and the University of Pennsylvania have been hit hardest by the backlash – with a host of alumni calling on the colleges to do better as some revoke their funding entirely.
Billionaires Ken Griffin has called for Harvard to take a robust stance in defense of Israel, and criticized students defending the Hamas attack.
Former US Ambassador Jon Huntsman Jr has stripped support for UPenn after slamming their stance on the conflict between Israel and Palestine.
The schools could lose a huge $487million in funding over their stance, based on current and prior donations by those speaking out against the colleges.
Griffin pledged $300million to Harvard this year alone, but contacted the head of the University board to complain about the lack of response of President Claudine Gay.
Ken Griffin ((pictured) pledged $300million to Harvard but has complained about the lack of response from President Claudine Gay
The Wexner Foundation pulled their support from the school entirely, after donating at least $56million over the course of 30 years
The latest blow to Harvard has seen the Wexner Foundation pull their support from the school entirely, after donating at least $56million over the course of 30 years.
In a statement the foundation said they feel ‘stunned and sickened’ at Harvard’s failure to take a ‘clear and unequivocal stand against the barbaric murders of innocent Israeli civilians’.
Israeli billionaire Idan Ofer and his wife Batia have stepped down from an executive board at Harvard after previously donating $20million to the school.
Forbes valued their worth at $20billion, among the world’s 100 most wealthy people.
Unfortunately, our faith in the University’s leadership has been broken and we cannot in good faith continue to support Harvard and its committees,’ the couple said in a statement.
‘We denounce those who seek to place blame on the people of Israel for the atrocities committed by the terrorist organization, Hamas.’
The backlash came after 34 Harvard student groups signed up to a letter that blamed Israel for Hamas’ massacre of Jewish people.
It said: ‘We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence.’
