Columbia’s Cash Crunch: Billionaire Donors Halt Support Amid Campus Uproar

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Nassau County Executive Bruce A Blakeman speaks in front of the entrance of Columbia University which is occupied by pro-Palestian protesters in New York on April 22, 2024. 
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New England Patriots owner Robert Kraft listens to NFL Commissioner Roger Goodell speak to the media over various topics in the league leading up to Super Bowl LIII at the Georgia World Congress Center on January 30, 2019, in Atlanta, GA.
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Leon Cooperman
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Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.
Caitlin Ochs | Reuters

A Precarious Balancing Act for President Shafik

President Shafik faces immense pressure from various stakeholders, including the student body, donors, and government officials. Balancing these competing demands has proven to be a delicate task.

In April, President Shafik testified before a House committee on Columbia’s response to campus antisemitism. Following the hearing, she was met with calls for her resignation from Republican lawmakers.

Ripples from the Harvard and Penn Scandals

The current turmoil at Columbia echoes recent scandals at other Ivy League institutions. In December, Congresswoman Stefanik criticized the presidents of Harvard, the University of Pennsylvania, and the Massachusetts Institute of Technology for their stance on free speech protections related to anti-Jewish rhetoric.

These incidents sparked outrage among conservatives and wealthy donors, ultimately leading to the resignations of the presidents of Harvard and Penn.

It remains to be seen whether the escalating tensions at Columbia University will result in similar consequences.