Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Trending Now

Bear Market? Prepare Now With These 5 Best Stocks

December 11, 2025

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025

Shinhan Financial: Watch Out For Positive Surprises (NYSE:SHG)

December 9, 2025

Asante Gold: Growth In Medium-Sized Gold Production, But With Relevant Risk

December 8, 2025

The power crunch threatening America’s AI ambitions

December 8, 2025
Facebook Twitter Instagram
  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact
Facebook Twitter Instagram
Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Sign Up for News & Alerts
Make a Living ClubMake a Living Club
Home » More than 1,600 Jewish Harvard alumni threaten to withdraw donations over antisemitism concerns
Business

More than 1,600 Jewish Harvard alumni threaten to withdraw donations over antisemitism concerns

Press RoomBy Press RoomNovember 11, 2023
Facebook Twitter Pinterest LinkedIn WhatsApp Email

More than 1,600 alumni of Harvard University say that they will withhold donations to the school until Harvard takes urgent action to address antisemitism on campus, part of a wave of challenges to colleges across the county in addressing hate speech sparked by the Israel-Hamas war.

High-profile billionaire alumni like Pershing Square founder Bill Ackman and former Victoria’s Secret CEO Leslie Wexner have already said that if Harvard doesn’t take steps to fix the problem they could face a donor exodus, but now the largest group yet of alumni — most of whom do not have billionaire status — are threatening to withdraw their donations.

“We never thought that, at Harvard College, we would have to argue the point that terrorism against civilians demands immediate and unequivocal condemnation,” wrote members of the Harvard College Jewish Alumni Association (HCJAA) in an open letter to President Claudine Gay and Dean of Harvard College Rakesh Khurana. “We never thought we would have to argue for recognition of our own humanity.”

The HCJAA was formed last month in the wake of the school’s response to the October 7 attacks on Israel. Organizers say it is the first Jewish alumni association in the history of the university.

The group is asking for Harvard to recognize their alumni association as a formal special interest group, share concrete plans to ensure the protection of Jewish students on campus and to officially adopt the International Holocaust Remembrance Alliance definition of antisemitism.

“We now have a movement of over 1,600 alumni who are calling for meaningful reforms on campus to ensure that every student is safe.” Rebecca Claire Brooks, a co-founder of the HCJAA, told CNN.

“This is a broad and growing intergenerational movement of alumni from many different sectors and industries. Yes, some of them are very influential donors and some of them are sort of more normal-sized donors. But we’re speaking in one unified voice in response to this moment,” she said.

Harvard President Gay wrote a letter to members of the larger Harvard community addressing the tensions on Thursday. “Harvard rejects all forms of hate, and we are committed to addressing them,” she wrote. “Let me reiterate what I and other Harvard leaders have said previously: Antisemitism has no place at Harvard.”

The school, she said, has “started the process of examining how antisemitism manifests within our community” and will “implement a robust program of education and training for students, faculty, and staff on antisemitism broadly and at Harvard specifically.” The school is also “seeking to identify external partnerships that will allow Harvard to learn from and work with others on our strategy,” she said.

Harvard officials referred CNN back to Gay’s letter when asked for comment.

Philanthropy is the single largest contributor to revenue at Harvard, accounting for 45% of the university’s $5.8 billion in income last year. Philanthropic gifts accounted for 9% of the university’s operating budget last year and 36% of its $51 billion endowment amassed over decades.

While a large chunk of university donations come from big gifts, small donations from alumni are becoming an increasingly important source of funding for higher education, according to the Council for Advancement and Support of Education (CASE). About 95% of donations received by universities in 2022 were smaller than $5,000.

Universities like to tout the high number of donations they receive to show that they have an engaged alumni base, said CASE. And while large donations are often restricted to specific purposes, such as a new building or facility, universities have more discretion with how they use smaller donations.

“I wanted to make it possible for people, regardless of their income, to express their disappointment, their dissatisfaction or heartbreak with university,” said Brooks. “This is an egalitarian grassroots movement where any donor, no matter their religion or age, no matter how much they would otherwise normally contribute, can participate in the pledge in sending a clear signal that this type of toxic campus culture is detrimental to everyone.”

Brooks told CNN that a number of similar groups from other universities have contacted her to start similar campaigns on their own campuses.

More than 300 Cooper Union alumni also recently threatened to end donations over the New York school’s response to anti-Israel protests. In a letter sent to the school earlier this month, they accused the administration of being “more concerned with avoiding a scandal than protecting its Jewish students.”

Cooper Union did not immediately respond to requests for comment.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Trump’s immigration data dragnet

Business December 10, 2025

The power crunch threatening America’s AI ambitions

Business December 8, 2025

Fed expected to cut rates despite deep divisions over US economic outlook

Business December 7, 2025

The housing crisis is pushing Gen Z into crypto and economic nihilism

Business November 28, 2025

‘Infinite money glitch’; meet arithmetic

Business November 26, 2025

US probes firms that borrowed $400mn from private credit giant HPS

Business November 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Latest News

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025

Shinhan Financial: Watch Out For Positive Surprises (NYSE:SHG)

December 9, 2025

Asante Gold: Growth In Medium-Sized Gold Production, But With Relevant Risk

December 8, 2025

The power crunch threatening America’s AI ambitions

December 8, 2025
Trending Now

Macquarie Value Fund Q3 2025 Sales And Purchases

December 7, 2025

Fed expected to cut rates despite deep divisions over US economic outlook

December 7, 2025

Box Q3: Limited Alpha Ahead (NYSE:BOX)

December 5, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Make a Living is your one-stop news website for the latest personal finance, investing and markets news and updates, follow us now to get the news that matters to you.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Topics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
Quick Links
  • Cookie Policy
  • Advertise with us
  • Get in touch
  • Submit News
  • Newsletter

Subscribe to Updates

Get the latest finance, markets, and business news and updates directly to your inbox.

2025 © Make a Living Club. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.