Who Is Ross Stevens, Stone Ridge CEO Pulling USD 100 Million Donation From Pennsylvania University?

Ross Stevens, founder and CEO of Stone Ridge Asset Management, is withdrawing his donation - worth around $100 million - from the University of Pennsylvania (UPenn) to protest the school's response to antisemitism on campus. The gift from the businessman, who is a Penn undergrad alum, was given in December 2017 to help establish a center for innovation in finance.
Ross Stevens, Stone Ridge CEO

Ross Stevens, Stone Ridge CEO

Photo : Twitter
Ross Stevens, founder and CEO of Stone Ridge Asset Management, is withdrawing his donation - worth around $100 million - from the University of Pennsylvania (UPenn) to protest the school's response to antisemitism on campus. The gift from the businessman, who is a Penn undergrad alum, was given in December 2017 to help establish a center for innovation in finance.
Stevens' decision comes after the presidents of schools - Harvard, Penn and MIT - appeared before Congress to testify about antisemitism on campus. The three institutions were slammed for evading questions on whether calling for the genocide of Jews would violate their codes of conduct.
Ross Stevens, in a letter from his lawyers to UPenn, said that the school violated the terms of their limited partnership agreement, mainly due to its anti-discrimination and anti-harassment policies. "Its permissive approach to hate speech calling for violence against Jews and laissez faire attitude toward harassment and discrimination against Jewish students would violate any policies of rules that prohibit harassment and discrimination based on religion, including those of Stone Ridge," his letter read.
Stevens founded Stone Ridge Asset Management and runs the company. He is a 1991 Wharton graduate. His donation to UPenn is currently worth around $100 million. The withdrawal of the donation comes as universities are facing increased backlash since the Israel-Hamas conflict began on October 7.
This is not the first time that Ross Stevens has disagreed with Penn's policies. He had redirected a different $100 million gift from the business school to the University of Chicago.
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