Billionaire captains of industry who've donated hundreds of millions of dollars to their Ivy League alma maters are halting or reconsidering their donations amid the Israel-Hamas chaos on college campuses, the New York Post reports.
Billionaire captains of industry who’ve donated hundreds of millions of dollars to their Ivy League alma maters are halting or reconsidering their donations amid the Israel-Hamas chaos on college campuses, the New York Post reports.
This new generation of hedge fund managers, business leaders and self-made entrepreneurs — unlike earlier philanthropists who quietly gave money upon their death — have erected buildings with their names proudly put on them, and they have no intention of staying quietly on the sidelines as schools embrace academic or social causes they find distasteful, says Yale School of Management Professor Jeffrey Sonnenfeld.
Griffin gave $300 million to Harvard last year alone, and Rowan contributed $50 million to Penn’s Wharton business school. “Trustees will no longer be bashful — they’re going to step up a lot more,” says Vahan Gureghian, a former UPenn trustee who resigned last month over the Palestinian festival.
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