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lol UPenn literally does not need anyone's help.
Go ahead you dipshit.
Their endowment could nearly cover tuition for all students in interest alone. (Cost would be 1.9B, interest on their endowment is over 1.1B. not that 800M is chump change but like... They're doing pretty damn fine)
This headline seems to further scare us. UPenn barely feels this. This is theater.
Researchers at these Universities do indeed need the money
False. They need grants, which are totally separate from this.
Source: academia.
UPenn is not going to feel this.
At all.
People said the same thing about Columbia. Took them days before they bent the knee.
UPenn’s endowment is larger (22.3 billion vs Columbia’s 14.8) but I agree with you, UPenn will bend
As someone who just lost a coworker to Upenn, their endowment is pretty massive. If it only takes 175m to change their policy on a deeply held belief, then it will be a massive stain followed by mass protests.
Again, people thought the same about Columbia. $400 million vs. an endowment of just shy of $15 billion. Shouldn't have been enough to change their policy on deeply held beliefs either but Columbia couldn't bend the knee and start rescinding protestors' diplomas and kowtowing to Trump fast enough.
I think there's a good argument that Colombia wasn't changing a deeply held belief. They were looking for reasons to punch the hippies who were angering their donors right from the start.
You may be correct. I hope you're not.
Again, Columbia has had ties to Israel since forever.
No they didn't. Columbia has had ties to Israel since forever.
And UPenn has way more scratch.
Nah, it will, when administration fires a bunch of workers and then gives themselves a raise for accepting the ultimatum.
They're going to cave instantly and bend the knee. They may not need it, but they're definitely going to do everything not to lose it, including kowtowing to fascists.
Time will tell. I can't predict the future but I doubt this, big time.
We can be doomers all we want but... Columbia and UPenn aren't the same thing here.
Trump has already said he would tax endowments. First cut funding, then continually raise taxes on the endowments. He has the tools to destroy universities and no one is going to stop him.
Yes. Very good luck trying to tax endowments without having every billionaire want him dead.
Not gonna happen.
What are they going to do about it?
Edit: let me be clear, would they be angry and want to get revenge, or will they too put pressure on the school to stop woke programs? You can see the easy path here....
If Russia and our current trajectory is any indication literally, defenestration.