(Charlotte Hazard – Just the News) The University of Pennsylvania lost a $100 million donation following school President Liz Magill’s congressional testimony Tuesday about how antisemitism and hate speech are handled on campus.
Attorneys for Ross Stevens, founder and CEO of Stone Ridge Asset Management, wrote a letter to Penn’s Senior Vice President, saying he would be withdrawing his donation.
“Mr. Stevens and Stone Ridge are appalled by the University’s stance on antisemitism on campus,” the letter reads.
“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 or rules that prohibit harassment and discrimination based on religion, including those of Stone Ridge.”