UPenn in crisis: $100 mn donor withdraws over 'genocide of Jews' calls

Friday, 8 December 2023
The University of Pennsylvania faces a severe crisis as major donor Ross Stevens withdraws a $100 million grant of limited partnership units in Stone Ridge Asset Management. Stevens criticizes President Magill for the university's permissive approach to calls for violence against Jewish people. The withdrawal of the donation raises concerns about the university's financial stability and planned initiatives. The controversial congressional hearing on calls for genocide of Jews sparks outrage and a formal investigation by the House Committee on Education & the Workforce. The crisis deepens as another major donor, Marc Rowan of Apollo Global Management, demands Magill's replacement.

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