David Magerman will redirect his past funding for the University of Pennsylvania to Israeli universities after cutting ties with his alma mater for failing to address antisemitism.
After halting donations to his alma mater last year, a former University of Pennsylvania donor has redirected $5 million to Israeli universities instead, citing the Ivy League institution's refusal to address antisemitism on campus. David Magerman, a venture capitalist and philanthropist, has reallocated millions in donations to universities in Israel after witnessing the anti-Israel protests and antisemitism that has permeated U.S.
Magerman said he hopes his contributions will give Jewish-American students who are considering moving to Israel more options to study abroad after growing weary of campus life in the U.S. 'My plan is to redirect my philanthropic efforts going forward largely to Israel,' he told Fox News Digital. 'I don't see much value generated by giving to American universities.
The outrage began after the school hosted a Palestinian literary festival on campus which included speakers with a history of antisemitic comments, including calls for 'death to Israel.
In a press release from Tel Aviv University released this week, Magerman said he hopes that redirecting donations to Israeli institutions 'will be a catalyst for others to do the same.' The University of Pennsylvania did not respond to a request for comment. Fox News' Chris Pandolfo and Adam Sabes contributed to this report.
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