{"id":115836,"date":"2024-10-19T05:48:47","date_gmt":"2024-10-18T22:48:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115836"},"modified":"2024-10-19T05:48:47","modified_gmt":"2024-10-18T22:48:47","slug":"harvard-fundraising-slumps-after-antisemitism-controversy","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115836","title":{"rendered":"Harvard fundraising slumps after antisemitism controversy"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>New York Post political reporter Jon Levine reacts to antisemitic stickers being placed around Harvard University\u2019s campus during an appearance on \u2018Varney &amp; Co.\u2019<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Donations to Harvard University and its endowment declined by a little more than $150 million in the Ivy League institution&#8217;s 2024 fiscal year amid backlash toward the administration&#8217;s\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/antisemitism?page=1\" target=\"_blank\" rel=\"noopener\"><u>handling of antisemitism<\/u><\/a> on campus.<\/p>\n<p>Total donations were down by $151 million, or 14%, in fiscal 2024 from the prior year. Within that total, donations to Harvard&#8217;s endowment fell by nearly $193 million from a year ago, while donations for current use gifts increased by $42 million in that time frame.\u00a0<\/p>\n<p>The decline followed calls for the resignation of campus leaders who were criticized for allowing antisemitic protests to persist on campus after Hamas&#8217; attack on Israel.<\/p>\n<p><a href=\"https:\/\/www.thecrimson.com\/article\/2024\/10\/18\/harvard-fundraising-crisis-price-tag\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>The Harvard Crimson<\/u><\/a> noted that it represents &#8220;one of the most significant year-over-year drops in donations in the past decade.&#8221; The outlet interviewed Harvard President Alan Garber, who had warned alumni earlier this year about lackluster fundraising figures.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/harvard-hires-former-upenn-president-who-resigned-after-controversial-antisemitism-testimony\" target=\"_blank\" rel=\"noopener\"><strong><u>HARVARD HIRES FORMER UPENN PRESIDENT WHO RESIGNED AFTER CONTROVERSIAL ANTISEMTISM TESTIMONY<\/u><\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/343\/192\/Harvard_1.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/686\/384\/Harvard_1.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/672\/378\/Harvard_1.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/1344\/756\/Harvard_1.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/931\/523\/Harvard_1.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/1862\/1046\/Harvard_1.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/720\/405\/Harvard_1.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/1440\/810\/Harvard_1.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/09\/931\/523\/Harvard_1.jpg?ve=1&amp;tl=1\" alt=\"Harvard Campus\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Harvard saw a notable decline in donations in its past fiscal year.<\/span><span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>&#8220;Some of the new commitments have been disappointing compared to past years,&#8221; Garber told the newspaper. &#8220;There are also some indications that we will see improvements in the future.&#8221;<\/p>\n<p>Garber told the outlet\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/college\" target=\"_blank\" rel=\"noopener\"><u>Harvard&#8217;s alumni and donor base<\/u><\/a> is &#8220;reassured by the direction that the university is taking&#8221; and they are &#8220;relieved, at least that, so far, this academic year has been somewhat quieter.&#8221;<\/p>\n<p>Harvard&#8217;s annual financial report warned that its current fundraising levels may not be sustainable over the long term.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/amid-antisemitisim-rise-other-colleges-could-upend-columbia-harvard\" target=\"_blank\" rel=\"noopener\"><strong><u>AMID ANTISEMTISM RISE, OTHER COLLEGES COULD UPEND COLUMBIA, HARVARD<\/u><\/strong><\/a><\/p>\n<p>&#8220;About 8% of fiscal year 2024 operating revenue came from gifts for current use, primarily payments on prior pledges,&#8221; Harvard Vice President for Finance Ritu Kalra and Treasurer Timothy Barakett wrote in the university&#8217;s financial report.\u00a0<\/p>\n<p>&#8220;At over $525 million, current use giving reached the second highest level in Harvard\u2019s history. While still surpassing $1 billion of fundraising, such levels may not be sustainable looking forward. We are grateful to those who have continued to direct their philanthropy to the University as a reflection of their commitment to Harvard\u2019s academic mission.&#8221;<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/343\/192\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/686\/384\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/672\/378\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/1344\/756\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/931\/523\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/1862\/1046\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/720\/405\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/1440\/810\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/12\/931\/523\/Claudine-Gay-president-of-Harvard-University.jpg?ve=1&amp;tl=1\" alt=\"Claudine Gay, president of Harvard University, speaking\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Former Harvard President Claudine Gay resigned about six months after assuming the role amid the dual controversies.<\/span><span> (Haiyun Jiang\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Last year&#8217;s fundraising haul pushed the size of Harvard&#8217;s endowment to $53.2 billion, and distributions from the endowment amounted to $2.4 billion, or 37% of Harvard&#8217;s total revenue for the year.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/harvard-president-claudine-gay-resigns-read-her-full-letter\" target=\"_blank\" rel=\"noopener\"><u>Former Harvard President Claudine Gay<\/u><\/a> resigned in January after her controversial testimony before Congress in which she said it would depend on the &#8220;context&#8221; of calls for the genocide of Jews to determine whether it violates university policy. Gay was also embroiled in a plagiarism controversy.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/harvard-presidents-handling-antisemitism-cost-school-1-billion-ackman\" target=\"_blank\" rel=\"noopener\"><u>Bill Ackman<\/u><\/a>, a billionaire Harvard alum, said in December that Gay&#8217;s &#8220;failures have led to billions of dollars of canceled, paused and withdrawn donations to the university.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/media\/ex-harvard-president-says-school-going-through-worst-stretch-in-history-still-not-confronting-antisemitism\" target=\"_blank\" rel=\"noopener\"><strong><u>EX-HARVARD PRESIDENT SAYS SCHOOL GOING THROUGH &#8216;WORST STRETCH&#8217; IN HISTORY, STILL NOT CONFRONTING ANTISEMITISM<\/u><\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/343\/192\/ackman.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/686\/384\/ackman.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/672\/378\/ackman.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/1344\/756\/ackman.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/931\/523\/ackman.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/1862\/1046\/ackman.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/720\/405\/ackman.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/1440\/810\/ackman.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/931\/523\/ackman.jpg?ve=1&amp;tl=1\" alt=\"Bill Ackman\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Billionaire Bill Ackman was among the Harvard alumni who publicly criticized the university&#8217;s leadership over its handling of antisemitism on campus.<\/span><span> (Chris Ratcliffe\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>&#8220;I am personally aware of more than a billion dollars of\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/philanthropy\" target=\"_blank\" rel=\"noopener\"><u>terminated donations<\/u><\/a> from a small group of Harvard&#8217;s most generous Jewish and non-Jewish alumni,&#8221; Ackman said.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>Harvard&#8217;s early application program also saw a 17%\u00a0<a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/harvard-admissions-applications-fall-sharply-amid-antisemitism-controversy\" target=\"_blank\" rel=\"noopener\"><u>decline in applications<\/u><\/a> received through mid-December 2023 compared to the prior year.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.foxbusiness.com\/economy\/harvard-fundraising-slumps-after-antisemitism-controversy\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post political reporter Jon Levine reacts to antisemitic stickers being placed around Harvard University\u2019s campus during an appearance on \u2018Varney &amp; Co.\u2019 Donations to Harvard University and its &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115836\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-115836","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115836"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115836\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}