(GoRealNewsNow.com) – In a seemingly well-deserved and perfectly justified punishment, a massive donor to the University of Pennsylvania has pulled back a $100 million donation in protest of the school’s tolerance for the rampant anti-Semitism and pro-Islamist terrorism sentiments and demonstrations on its campus.
A significant benefactor of the University of Pennsylvania, Ross Stevens, founder and CEO of Stone Ridge Asset Management, has decided to retract a considerable donation, estimated to be worth approximately $100 million, in response to what he perceives as the university’s inadequate handling of anti-Semitic outbursts.
According to a report by leftist news site Axios, the catalyst for Stevens’ decision was the recent testimony given by Penn president Liz Magill in Congress, which garnered widespread criticism. This testimony was described as the ‘final straw’ for Stevens.
His decision also comes after a recent mass rally on the UPenn campus that saw staggering outbursts of anti-Semitic vandalism in the wake of the October 7 terrorist attack, in which radical Palestinian Arab Islamists from Hamas massacred over 1,400 people in Israel.
The donation, made initially by Stevens, a Penn undergraduate alumnus, in December 2017, was intended to support the creation of a center dedicated to finance innovation.
The donation was made in the form of limited partnership units in Stone Ridge, now valued at roughly $100 million.
In a letter penned by his legal representatives to the University of Pennsylvania, Stevens accuses the university of failing to adhere to the terms of the limited partnership agreement.
This includes violations of anti-discrimination and anti-harassment policies.
“Its permissive approach to hate speech calling for violence against Jews and laissez faire attitude toward harassment and discrimination against Jewish students would violate any policies of rules that prohibit harassment and discrimination based on religion, including those of Stone Ridge,” Stevens states.
This incident is not the first instance of Stevens leveraging his financial contributions to express dissatisfaction with the university’s policies.
Previously, he redirected another $100 million donation from Penn’s business school to the University of Chicago.
The New York Times reported that Stevens made this change because he believed the school was prioritizing Diversity, Equity, and Inclusion (DEI) initiatives over the enhancement of the business school’s academic standards.
The letter concludes with an offer to discuss the issue further. Still, sources close to the matter, as reported by Axios, suggest that Stevens currently plans to withdraw the donation entirely.