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UPenn Donor Cancels $100 Million Gift
over Antisemitism Hearing

Original Article

Posted By: Dreadnought, 12/7/2023 8:43:06 PM

A University of Pennsylvania donor pulled a $100 million gift from the university on Thursday over President Liz Magill’s comments at a recent House committee hearing on campus antisemitism. Attorneys for Ross Stevens, the founder and CEO of Stone Ridge Asset Management, wrote a letter to the university on Thursday explaining that Stevens would withdraw his donation of limited-partnership units in Stone Ridge that were intended to fund the Stevens Center for Innovation in Finance. Stevens made the donation, which is currently valued at around $100 million, in December 2017. Attorneys Neil Barr and Dana M. Seshens argued that the university violated the terms

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Reply 1 - Posted by: DVC 12/7/2023 9:08:19 PM (No. 1612770)
I call this a good start.
19 people like this.

Reply 2 - Posted by: Lake Dweller 12/7/2023 9:13:20 PM (No. 1612774)
Stop ALL donations. Shut them down. Then tax the endowments!
11 people like this.

Reply 3 - Posted by: scottj 12/7/2023 9:23:01 PM (No. 1612780)
Liberals are eating their own.
8 people like this.

Reply 4 - Posted by: Encore 12/7/2023 9:37:35 PM (No. 1612791)
Ouch!
4 people like this.

Reply 5 - Posted by: mifla 12/8/2023 5:11:10 AM (No. 1612920)
Hopefully, Liz will have to pay it out of her own salary.
0 people like this.

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