Major Donor Threatens to Rescind $100M Gift to Penn Over President's Response to Antisemitism
-
Ross Stevens, CEO of Stone Ridge Asset Management, has threatened to withdraw a $100 million gift to the University of Pennsylvania if its president, Elizabeth Magill, does not resign.
-
Stevens was upset by Magill's recent testimony to Congress, where she avoided questions about antisemitism and whether calling for Jewish genocide violated Penn's code of conduct.
-
Magill later released a video statement condemning antisemitism, but Stevens still wants her to resign over her handling of recent incidents.
-
As a Penn alum and donor, Stevens says Magill has "enabled and encouraged antisemitism and a climate of fear and harassment at Penn."
-
If Magill does not resign soon, Stevens plans to rescind Penn's $100 million shares in Stone Ridge Holdings Group.