Penn Donor Pulls $100 Million Gift Over Antisemitism Furor (1)

Ross Stevens withdrew a donation valued at about $100 million that he’d given his alma mater, the University of Pennsylvania, blaming the school’s stance on combating antisemitism.

Stevens, co-founder of Stone Ridge Asset Management, had pledged a stake in the investment firm to the Ivy League university to fund the Stevens Center for Innovation in Finance.

WATCH: Harvard’s Claudine Gay and Penn’s Liz Magill are asked if “calling for the genocide of Jews” is against school policy.

Source: Bloomberg

Lawyers representing the firm said the school had violated anti-discrimination and anti-harassment policies it had accepted in order to become an investor, according to a letter to university officials dated Thursday.

“Its permissive approach to hate speech calling for violence against Jews and ...