Billionaire hedge fund manager Ken Griffin, a prominent donor who has contributed over $500 million to Harvard University, has decided to suspend further financial support for his alma mater, expressing dissatisfaction with the current state of American universities. Griffin, among the wealthiest individuals globally, voiced his frustration during a conference in Miami, citing concerns about the direction of elite schools.
In particular, Griffin criticized the testimonies given before Congress by the presidents of Harvard, MIT, and UPenn, describing them as disastrous. He highlighted his desire for Harvard to refocus on its role in educating young Americans to be leaders and problem solvers, tackling complex issues. Until this shift occurs, Griffin stated that he is not interested in supporting the institution financially.
Harvard, which had received a $300 million gift from Griffin in April, has not yet responded to the recent decision. Over four decades, Griffin’s contributions to Harvard have totaled more than $500 million, with notable gifts such as a $150 million donation for financial aid in 2014.
Griffin, whose estimated fortune is $37 billion, expressed significant concerns about elite schools’ direction and their emphasis on diversity, equity, and inclusion (DEI) policies. He questioned whether these institutions would return to their roots of educating future leaders or remain entangled in what he referred to as the “wilderness of microaggressions and a DEI agenda.”
DEI policies have become contentious in various settings, and Griffin argued that elite school students are overly focused on the oppressor-oppressed rhetoric, branding them as “whiny snowflakes.” Additionally, Griffin reaffirmed his stance on not hiring students who signed an anti-Israel statement issued by Harvard organizations in October, emphasizing the need to avoid generalizing all students associated with those groups.
The decision by Griffin to halt contributions to Harvard aligns with a broader trend, as other major donors, including Leslie Wexner and Len Blavatnik, have also suspended their donations, raising questions about the influence of wealthy individuals on educational institutions.
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