UCLA Loses Massive Charitable Gift Over Handling of Campus Anti-Israel Protests
“We as donors have amended our Living Trust by removing UCLA as a financial recipient.”
This is one of the fastest and most effective ways to get schools to change. Hit them right in the funding.
From KTLA News via Yahoo News:
UCLA loses multi-million-dollar gift over handling of campus protests
Months after pro-Palestinian protests and counter-protests erupted into chaos on the UCLA campus, new insights have emerged into the decision-making process and pressures that unfolded behind the scenes.
KTLA filed a public records request with UCLA on April 30 as the encampment was growing, seeking any emails from former Chancellor Gene Block‘s office or his support staff related to the protests. KTLA wanted to know what was happening behind the scenes during those critical days in late April and early May, believing that understanding the internal conversations might be key to that process.
This initiated a back-and-forth that lasted more than six months…
On April 29, a UCLA alumnus and donor emailed the university regarding its handling of the protests.
“We as donors have amended our Living Trust by removing UCLA as a financial recipient. UCLA has now lost our multi-million dollar bequest,” the donor told the university.
KTLA contacted that donor, who confirmed they had indeed amended their family trust.
A letter from Judea Pearl on May 2, a notable UCLA educator, stated, “Dear Gene… I am not really sure whether you are under pressure to make concessions to the encampment movement but, regardless, I would like you to know that you have the backing of over 400 UCLA professors supporting your refusal to yield to their demands.”
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Comments
I bet there are a lot of the faculty at Oberlin who now wish that the Gibsons thing had gone away quietly. It wasn’t just the settlement and legal costs, but each year they are probably another $3M lighter in the income that settlement amount provided, and I deeply suspect that donations took a huge hit as well. FAFO works on all levels.
I’m not a banker, I’m not an economist, I’m not a hedge fund manager, I’m not a mathematician, but it seems to me that while this is a nice commonsense gesture, in reality this money is easily replaced with funds laundered from CAIR, from Pharma, from latin american drug cartels.
UCLA and other places have surely done this arithmetic already — eg, Columbia, Harvard, Cornell, Michigan, Stanford, Democrat National Committee.
The Enlightened JewishAmerican Donor — like this Pearl family — is the very textbook definition of the utterly clueless “dead man walking.”
Sad.
But , then again , nature never ever rewards clueless. Nor blindness. Nor (sorry) hubris.
Harvard’s endowment is at $52.3 billion. They could go on forever, living on tuition, fees, government grants, and income from the endowment, even if no one ever donated another farthing.
True. But I suspect there’s going to be a big push in the next Congress to slap a hefty tax on college endowments.
I hope you’re correct
Unfortunately, it’s probably a drop in the bucket compared to funding from Qatar
Indeed. I bet negotiations are now under way to hide millions thru dark money foundations and “trusts”….nothing but a registered company in Nevada, owned by another in Panama…with a big bank account.
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