ETFOptimize | High-performance ETF-based Investment Strategies

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


ETFOptimize | HOME
Close Window

Harvard admissions applications fall sharply amid antisemitism controversy

Harvard saw the number of students submitting early applications decline by 17% from a year ago as the college remains mired in controversy over its handling of antisemitism.

Harvard reported a 17% decline in its early admissions applications compared to a year ago as the Ivy League college remains embroiled in controversy over its handling of antisemitism on campus.

Harvard College announced Thursday that it accepted 692 students to the class of 2028 out of the 7,921 applicants who applied under Harvard’s Early Action Program, which required applications to be submitted by Nov. 1. 

That amounts to a 17% drop compared to last year’s early application window when 9,553 submitted applications, and is the smallest number of early applicants since the pandemic began – though this year’s group is larger than the annual early applications received in the 2017-2019 period.

Two of Harvard’s fellow Ivy League institutions saw increases in the number of early applications received. 

ANTISEMITISM HAS BILLIONAIRES BAILING ON IVY LEAGUE DONATIONS

Yale University received 7,856 early applications this year, an increase of 1.4% from a year ago and the second-highest number in its history, the school announced in a release Friday. The University of Pennsylvania – which saw President Liz Magill resign last week amid a controversy over the handling of antisemitism on campus – also saw 500 more applications than last year, according to a report by Bloomberg.

Harvard’s leadership has faced calls for their resignation in the wake of Hamas’ terror attack on Israel, which sparked a wave of protests on campus. Some of those protests have focused on criticism of Israel to the exclusion of Hamas’ terrorism while others featured calls for a free Palestine "from the river to the sea" – a statement that critics call antisemitic and genocidal because it implies the elimination of the state of Israel and its Jewish majority.

The controversy over antisemitism on campus and the response by Harvard’s leaders sparked a backlash from the elite university’s base of alumni and donors which intensified after President Claudine Gay’s congressional testimony on the subject. 

HARVARD PRESIDENT’S HANDLING OF ANTISEMITISM HAS COST SCHOOL MORE THAN $1 BILLION: ACKMAN

Bill Ackman, the billionaire co-founder and CEO of Pershing Square Capital Management who earned his bachelor’s degree and an MBA from Harvard, has repeatedly called for Gay to resign. 

In a letter sent last week to the Harvard Corporation, the school’s governing board, Ackman wrote, "President Gay’s failures have led to billions of dollars of cancelled, paused, and withdrawn donations to the university. I am personally aware of more than a billion dollars of terminated donations from a small group of Harvard’s most generous Jewish and non-Jewish alumni."

The Wexner Foundation, named for billionaire and former Victoria’s Secret CEO Les Wexner, informed Harvard this fall that it is "no longer compatible partners" with the prestigious university it has worked with for over three decades. The Foundation explained that it is terminating the relationship due to what it called "the dismal failure of Harvard’s leadership to take a clear and unequivocal stand against the barbaric murders of innocent Israeli citizens by terrorists."

Billionaire Citadel CEO Ken Griffin, who has donated $500 million to Harvard including $300 million in the current academic year, urged Harvard administrators to take a stance condemning Hamas’ terrorism after a letter from the school’s Palestine Solidarity Committee penned a letter placing the sole blame for the attack on Israel.

HARVARD BOARD STANDS BY EMBATTLED PRESIDENT CLAUDINE GAY, ADMITS ‘INADEQUATE CITATION’ IN SOME WRITINGS

The board of the Harvard Corporation gave President Gay a vote of confidence despite the calls for her resignation over the antisemitism controversy as well as allegations of plagiarism.

"As members of the Harvard Corporation, we today reaffirm our support for President Gay’s continued leadership of Harvard University. Our extensive deliberations affirm our confidence that President Gay is the right leader to help our community heal and to address the very serious societal issues we are facing," the Harvard Corporation wrote Tuesday.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"So many people have suffered tremendous damage and pain because of Hamas’s brutal terrorist attack, and the University’s initial statement should have been an immediate, direct, and unequivocal condemnation," the statement continued. "Calls for genocide are despicable and contrary to fundamental human values. President Gay has apologized for how she handled her congressional testimony and has committed to redoubling the University’s fight against antisemitism."

FOX Business’s Pilar Arias and Breck Dumas 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.