UPenn loses $100 mn donation amid controversy over university presidents' testimony
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The University of Pennsylvania or UPenn lost a $100 million grant after the university's president Elizabeth Magill's testimony before the US Congress regarding antisemitism on campus sparked controversy. The donation was made and withdrawn by Ross Stevens, the founder and CEO of Stone Ridge Asset Management. He said he was "appalled" by Magill avoiding questions on punishment for students in a hypothetical situation where they call for the genocide of Jews.