Contributions to Harvard University’s endowment dropped by $151 million – 14% – in fiscal year 2024 following ongoing anti-Israel protests that have turned off several billionaire donors.
The Harvard Crimson reported that total contributions to the endowment fund actually dropped by $193 million – the greatest year-over-year drop in the past decade, but a $42 million increase in current-use gifts propped up the final net total decrease.
The massive loss to fundraising comes after several billionaires said they would stop donating to the Ivy League university because of how it handled anti-Semitism on campus. Hedge fund manager Kenneth C. Griffin, who graduated from Harvard in 1989, announced in January that he would pause donations. A year earlier, he donated $300 million to the school’s Faculty of Arts and Sciences. Griffin blamed the school’s handling of anti-Semitism for…
