Bipoc News

Donor backlash devastates Ivy League as Harvard, Columbia seek bailouts

Ivy League universities, particularly Harvard and Columbia, have faced a crisis since October 2023, when both institutions revealed themselves as places where blatant anti-Semitism openly flourishes. Amid the anti-Semitic uprisings on campus, the presidents of both schools also faced academic plagiarism charges. Alumni and donors, who expected more from the schools’ leaders and did not share the apparent tolerance for Jew-hatred, have stopped contributing financially.

As reputational and financial damage mounted, Harvard President Claudine Gay resigned in disgrace last January, and Columbia President Minouche Shafik followed in August.

Despite an endowment exceeding $50 billion, Harvard had to expedite bond offerings earlier this year to quickly raise $1.6 billion in cash.

But with those poison Ivies still trying to find a way to balance a hollow commitment to “tolerance” with appeasement of the widespread anti-Semitism demanded…

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