• njm1314@lemmy.world
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    7 months ago

    He’s pulling support from the school that’s cracking down so heavily and violently on the protests? What’s he for I’m having trouble understanding the logic here.

    • goferking0@lemmy.sdf.org
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      7 months ago

      Nah he is sad they aren’t going harder on them

      Kraft echoed the sentiment in a statement issued through an organization he founded called the Foundation to Combat Antisemitism. “I am deeply saddened at the virulent hate that continues to grow on campus and throughout our country,” he wrote. “I am no longer confident that Columbia can protect its students and staff and I am not comfortable supporting the university until corrective action is taken.”

    • jeffw@lemmy.worldOPM
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      7 months ago

      Well, it’s not an investor, just a donor. Almost all universities and colleges are non-profits, so they do not have investors.

      • UnderpantsWeevil@lemmy.world
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        7 months ago

        Almost all universities and colleges are non-profits

        That’s more a tax-dodge gambit than a reflection of their business policies.

    • UnderpantsWeevil@lemmy.world
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      7 months ago

      Columbia has a $13.6B endowment, which has consistently grown at 8-10% annually.

      Kraft has historically donated in the $5M range annually. So, less than 1% of what the university earns on a portfolio whose principle never gets touched.