UPenn donor redirects $5M to Israeli universities after reducing ties with alma mater

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UPenn donor redirects M to Israeli universities after reducing ties with alma mater

After halting donations to his alma mater final yr, a former College of Pennsylvania donor has redirected $5 million to Israeli universities as a substitute, citing the Ivy League establishment’s refusal to deal with antisemitism on campus.

David Magerman, a enterprise capitalist and philanthropist, has reallocated hundreds of thousands in donations to universities in Israel after witnessing the anti-Israel protests and antisemitism that has permeated U.S. school campuses within the months following the Oct. 7 assault on Israel by Hamas, he instructed Fox Information Digital.

Magerman mentioned he’ll give $1 million grants to 5 establishments of upper studying throughout Israel, together with Tel Aviv College, Technion-Israel Institute of Know-how, Bar-Ilan College and Jerusalem School of Know-how. 

He additionally revealed that he intends to donate to extra Israeli causes within the coming months.

His donations will assist packages for English-speaking college students to be taught tutorial Hebrew and combine into STEM diploma packages in Israel.

Magerman mentioned he hopes his contributions will give Jewish-American college students who’re contemplating transferring to Israel extra choices to review overseas after rising weary of campus life within the U.S.

“My plan is to redirect my philanthropic efforts going ahead largely to Israel,” he instructed Fox Information Digital.

“I don’t see a lot worth generated by giving to American universities. I believe that liberal schools in America are flawed establishments which can be doing a poor job of making ready college students for the actual world.”

Requested what his message is to different distinguished Jewish donors nonetheless contributing to Ivy League faculties, Magerman mentioned pointedly, “Cease.”

He mentioned it’s naive to consider that elite U.S. universities are “reformable.”


Magerman, a enterprise capitalist and philanthropist, cited that his alma mater’s refusal to handle antisemitism on campus is why he gave hundreds of thousands of {dollars} to Israeli establishments as a substitute. LinkedIn

“They’re fulfilling the mission they need to fulfill. Their purpose, it appears, is to indoctrinate their college students to query the validity of Western civilization, to query the worth of the Founding Fathers and to criticize Western society. I don’t suppose that’s what these philanthropists consider and I don’t suppose that they need to be donating cash to assist propagating that ideology,” mentioned Magerman.

Nonetheless, Magerman mentioned Jewish college students which can be both at the moment enrolled at an Ivy League college or have dreamed of making use of mustn’t let dangerous actors forestall them from pursuing a level.

“If their greatest end result is by going to Columbia, or Penn, or Harvard, they shouldn’t let antisemites cease them,” he mentioned.

However, he added, “I believe they need to re-evaluate whether or not that’s one of the best place for them to be taught… whether or not I’d be properly served going to an establishment the place clearly the administration, largely the college and largely the coed physique, don’t need me there. Is that basically the atmosphere you need to go to be taught material you can be taught on-line or overseas or at completely different schools throughout the U.S.?”

“Why topic your self to this atmosphere simply so you will get that identify in your diploma?” he continued.

Magerman mentioned employers and firm executives largely agree with the sentiment, including that they now place much less of an emphasis on hiring Ivy League graduates than previously.


Pro-Palestinian students and faculty of Drexel University, Temple University and the University of Pennsylvania demonstrate as they spend night where they erected an encampment at the University of Pennsylvania campus in Philadelphia on April 25, 2024.
Magerman additionally mentioned that he would give 5 $1 million grants to 5 universities in Israel, which embody Tel Aviv College, Technion-Israel Institute of Know-how, Bar-Ilan College, and Jerusalem School of Know-how.  AFP through Getty Pictures

“I believe their eyes have been opened to the mentality of a number of the graduates of those faculties and what they’ve been studying,” he mentioned.

A UPenn pupil instructed FOX 29 in December that his fellow fraternity members “don’t even really feel comfy strolling exterior our home carrying their kippahs simply because they don’t know in the event that they’re going to be harassed.”

A separate pupil mentioned her pals have collectively determined to not apply to the elite college over fears of going through hostility over their Jewish identification.

Days after the Oct. 7 bloodbath, Magerman despatched a letter to UPenn saying that he was reducing ties along with his alma mater for not taking a bolder stance towards antisemitism within the wake of the terrorist assaults carried out towards Israel.

After donating roughly $10 million through the years, Magerman mentioned he was “ashamed” to be related to the college. 

“You might have proven me who you might be. My solely remaining hope is that each one self-respecting Jews, and all ethical residents of the world, dissociate themselves from Penn,” the Oct. 15-dated letter mentioned

As anti-Israel protests and encampments emerged at main universities throughout the nation, different distinguished donors adopted swimsuit.

Apollo CEO Marc Rowan, who donated $50 million to UPenn in 2018, referred to as on different donors on the time to ship $1 checks with the hopes of forcing a change in management on the college.

He urged all Jewish donors to “shut their checkbooks.”

Ross Stevens, founder and CEO of Stone Ridge Asset Administration, pulled his donation estimated at roughly $100 million shortly thereafter, writing in a letter that the college’s “permissive strategy to hate speech calling for violence towards Jews and laissez-faire perspective towards harassment and discrimination towards Jewish college students would violate any insurance policies or guidelines that prohibit harassment and discrimination primarily based on faith,” Axios reported.

The outrage started after the college hosted a Palestinian literary competition on campus which included audio system with a historical past of antisemitic feedback, together with requires “dying to Israel.”

Many donors reached their boiling level when the college didn’t, of their view, instantly condemn Hamas’ barbaric assault and later didn’t take enough motion to guard Jewish college students and deal with anti-Israel protests on campus, which many say blurred the strains between free speech and outright antisemitism. 

The outrage and halt in donations finally led to the resignation of UPenn President Liz Magill.

Magill additionally took warmth for her extensively panned testimony earlier than the Home Training and Workforce Committee final yr during which she refused to outright say that antisemitic chants and requires the genocide of Jewish folks violate the college’s code of conduct.

In a press launch from Tel Aviv College launched this week, Magerman mentioned he hopes that redirecting donations to Israeli establishments “can be a catalyst for others to do the identical.”

The College of Pennsylvania didn’t reply to a request for remark.


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