Several ultra-wealthy benefactors, including notable figures like New York Patriots owner Robert Kraft and billionaire industrialist Len Blavatnik, have made headlines for their decisions regarding financial support to their alma mater amidst anti-Israel protests on campus.
Kraft, with a net worth exceeding $11 billion, announced his withdrawal of financial backing and initiated the Foundation to Combat Antisemitism (FCAS) in response to the unfolding events. On the other hand, Blavatnik, whose net worth surpasses $31 billion, emphasized the need for the school's leadership to safeguard Jewish students from threats and intimidation.
While Blavatnik did not confirm suspending his donations, sources suggest he may consider reducing his contributions. The school has witnessed a decline in donor support following the outbreak of conflict in early October, triggered by a surprise attack by Hamas terrorists in Gaza resulting in casualties and abductions.
Billionaire investor and Omega Advisors CEO Leon Cooperman, a Columbia University graduate, expressed his dismay during an interview, criticizing the situation at the school and announcing a suspension of his giving. Cooperman, who has previously donated around $50 million to Columbia, indicated a shift in his philanthropic focus to other organizations.
Cooperman later mentioned feeling 'uncomfortable' with the ongoing events at the university in a CNBC interview, hinting at a reconsideration of future donations. However, he expressed willingness to support Columbia's business school when approached for contributions.
