The University of Pennsylvania has lost $100 million in funding after the school’s president testified about antisemitism on college campuses during a Congressional hearing on Tuesday.
In a letter, shared online by Axios, Ross Stevens, CEO of a financial services firm, said he was “appalled” by university president Liz Magill’s comments in Congress.
But in order to hold onto that, the university has to abide by Stone Ridge’s own anti-discrimination and harassment practices.
Stevens’ attorneys signaled that he was willing to discuss the issue further and give the university a chance to change its stance if, and when, there is a new university president.
On Tuesday, two University of Pennsylvania students filed a lawsuit against the school, claiming it became “an incubation lab for virulent anti-Jewish hatred, harassment, and discrimination."

University of Pennsylvania Loses $100 Million in Funding