UPenn Donor Revolt Escalates as Funding Withdrawals Continue

Major donors, including venture capitalist David Magerman and hedge fund billionaire Cliff Asness, have halted their financial support to the University of Pennsylvania (UPenn) and called on other Jews to do the same. The donors criticize UPenn's handling of the Palestine Writes Literature Festival, which included speakers with a history of making antisemitic remarks. They argue that UPenn did not go far enough to condemn the festival and its initial response to the Hamas terror attacks on Israel. The donors express their deep shame and refuse to donate further, calling for a complete rebuilding of UPenn's moral foundation. Other high-profile donors have also vowed to close their checkbooks in protest, while UPenn emphasizes its commitment to combatting antisemitism and educating the community against hate in all forms.