Harvard Faces 15% Donation Decline Amid Antisemitism Controversy

Alumni backlash following the university's handling of antisemitic incidents has led to a significant drop in philanthropic support.

Harvard University's donations fell by nearly $150 million in fiscal year 2024, marking the largest decline in nine years.
Major donors, including billionaires Ken Griffin and Len Blavatnik, halted contributions over concerns about the university's response to antisemitism.
Despite the donation drop, Harvard's endowment grew to $53.2 billion due to a 9.6% return on investments.
Former Harvard President Claudine Gay resigned amid controversies, including her handling of antisemitic incidents and a plagiarism scandal.
Harvard's financial report highlighted increased current-use gifts but warned about the sustainability of current fundraising levels.