At least one major university is finding out that allowing rampant antisemitism to flourish on campus is a costly mistake.
Venture capitalist David Magerman, who previously donated $5 million to the University of Pennsylvania, halted his financial support of the institution shortly after the outbreak of the war in Gaza. His decision was prompted by the school’s refusal to take action against the spread of antisemitism on campus and its failure to protect Jewish students from members of the pro-Hamas crowd, which held numerous demonstrations on the premises while threatening Jewish students.
Magerman recently announced that he plans to reallocate the funds he previously sent to UPenn to five Israeli colleges in $1 million increments. These include Tel Aviv University, Technion-Israel Institute of Technology, Bar-Ilan University, and Jerusalem College of Technology.
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