Penn could lose a $100 million donation after its president's bungled congressional hearing

Thu, 12/07/2023 - 17:04

The University of Pennsylvania could lose a $100 million donation following its president's congressional appearance.
The presidents of Penn, Harvard, and MIT were criticized for their testimony on antisemitism.
Asset manager Ross Stevens said he would withdraw his donation absent a change in leadership.

Asset manager Ross Stevens threatened to withdraw a donation to the University of Pennsylvania worth roughly $100 million.