Donor Withdraws $100M Donation from UPenn Over President's Antisemitism Testimony

A major donor to the University of Pennsylvania, Ross Stevens, is withdrawing a $100 million donation in protest against the college's handling of antisemitism on campus and the controversial testimony by UPenn's president, Liz Magill, on the subject. Stevens and his firm, Stone Ridge Asset Management, claim that the university violated their limited partnership agreement by failing to adhere to anti-discrimination and anti-harassment rules. They expressed concern over Penn's permissive approach to hate speech and harassment against Jewish students. Magill's testimony, which suggested that the prohibition of antisemitic chants and calls for genocide is "context-dependent," further fueled the backlash. Stevens indicated that he would reconsider the withdrawal of his donation only if Magill is replaced as president.