This is completely self-inflicted. Harvard is allowing this to happen. It’s pathetic.
The New York Post reports:
Harvard donations plunge 15% as alumni cut ties over weak response to campus antisemitism
Harvard University warned that donations to its endowment have nosedived as outraged alumni cut ties with the school over its feeble response to on-campus antisemitism.
Cash gifts to the Ivy League school fell about 15% to less than $1.2 billion during the fiscal year ended June 30, according to a Harvard financial report released Thursday.
Harvard was mired in controversy after Hamas’ Oct. 7 terrorist attacks on Israel. Like other elite colleges across the US, pro-Palestinian students protested and set up encampments on Harvard’s campus.
Tensions boiled over when Harvard’s then-president Claudine Gay refused to condemn student groups that held Israel “entirely responsible” for the Oct. 7 attacks.
Soon after, deep-pocketed donors – including billionaire investor Len Blavatnik and hedge fund titan Ken Griffin – suspended giving to the university. Less-wealthy alumni also abandoned their contributions.
Harvard Sees Drastic Drop in Donations After Alumni Cut Ties Over School’s Response to Antisemitism
Delusions of Adequacy 