Harvard and UPenn donors are furious over Israel statements. It may have a financial domino effect

Influential donors to Harvard University and the University of Pennsylvania say they will cut their ties to the schools in protest of college administrators’ response to alleged anti-Israel speech and antisemitism on campuses in the wake of Hamas’ terror attacks.

Major donors pulling out won’t inflict significant financial damage on wealthy Ivy League institutions with huge endowments like Harvard and UPenn in the short term, but it could hurt these schools over the long run.

Smaller private and state flagship schools could be more exposed to financial repercussions if donor backlash spreads from Ivy League universities to smaller schools.

Read more from CBS News.


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