ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Wexner Foundation says it's terminating Harvard University relationship

The Wexner Foundation is terminating its relationship with Harvard University, the non-profit revealed Monday in a letter to the Ivy League school.

The Wexner Foundation is ending its relationship with Harvard University.

The non-profit informed the Ivy League school and its board of overseers of its intentions to do so in a Monday letter. It is closely connected to billionaire L Brands founder Leslie Wexner and his wife Abigail Wexner, whose names appear on the letter as chairs of the foundation. L Brands once owned retail outlets such as The Limited, Victoria's Secret, PINK, Bath & Body Works, Henri Bendel and Lane Bryant.

The couple created the Wexner Foundation, which describes its focus as being on developing Jewish and Israeli leadership, decades ago. 

IMPACT OF ISRAEL-HAMAS WAR ON ECONOMY NOT YET KNOWN: JANET YELLEN

"While we intend to develop new strategies and initiatives to develop Israel’s civil service leaders, The Wexner Foundation is formally ending its financial and programmatic relationships with Harvard and the Harvard Kennedy School," the foundation wrote. "The current class of Wexner Israel Fellows, Class 34, will be the last to complete the MPA Program and we will no longer send Wexner Senior Leaders for the Executive Program."

FOX Business reached out to Harvard for comment.

In the letter that had four total signatories, the Wexner Foundation pointed to what it described as "tolerance for diverse perspectives [having] slowly but perceptibly narrowed over the years" at the school as one factor that prompted its decision. It also pointed to how Harvard commented in connection to the Hamas terrorist attacks on Israel.

"We are stunned and sickened at the dismal failure of Harvard’s leadership to take a clear and unequivocal stand against the barbaric murders of innocent Israeli civilians by terrorists last Saturday, the Sabbath and a festival day," the non-profit said.

CEO DEFENDS SHARING LIST OF HARVARD STUDENTS WHO SIGNED PRO-PALESTINE LETTER: THEY MUST ‘PAY THE PRICE’

How Harvard handled dozens of student groups trying to collectively put Israel at fault for the Hamas terrorist attacks on Oct. 7 was something the Wexner Foundation took issue with as well.

On Thursday, Harvard University President Claudine Gay said the school "rejects terrorism — that includes the barbaric atrocities perpetrated by Hamas." The college also rejects "hate of any group of people based on their faith, their national origin, or any aspect of their identity" and "rejects the harassment or intimidation of individuals based on their beliefs," according to her comments.

Gay also said last week that "while our students have the right to speak for themselves, no student group — not even 30 student groups — speaks for Harvard University or its leadership."

The war between Israel and Hamas has so far spanned over a week, having kicked off Oct. 7 with Hamas attacking the country. Israel has since launched its own strikes. 

Fox News Digital reported Monday that fatalities from the conflict totaled some 4,200 to date. That figure included 1,400 Israelis and 2,800 Palestinians. 

ROYAL CARIBBEAN HELPING AMERICANS EVACUTATE ISRAEL

Americans and individuals from other countries have also been killed amid the conflict, according to reports.

Molly Line contributed to this report.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.