Billionaire megadonor suspends donations to Harvard

Billionaire Len Blavatnik is joining the list of frustrated Harvard donors closing their checkbooks to the university.

Billionaire Len Blavatnik is joining the list of frustrated Harvard donors closing their checkbooks to the university. Blavatnik’s family foundation has suspended donations to Harvard in the wake of President Claudine Gay’s disastrous testimony before Congress, a person familiar with the matter confirmed to CNN. Blavatnik is holding back donations to Harvard until the university addresses antisemitism on campus, the source said. The Harvard Business School graduate, whose fortune is estimated at $32 billion by Forbes, has a history of generous giving to the Ivy League school as well as to support Jewish causes. Blavatnik’s family foundation has donated at least $270 million to Harvard, the source said. Born in Ukraine and Raised in Russia, Blavatnik made his early fortune on investments in Russian oil companies, according to Forbes. News of Blavatnik’s decision to pause giving to Harvard was first reported by Bloomberg. Harvard did not comment on the news. Blavatnik’s foundation declined to comment. Harvard and other universities have faced a backlash from some donors following their response to the Oct. 7 Hamas attacks on Israel. Later that month, more than 1,600 Harvard alumni vowed to withhold donations until stronger action was taken to fight antisemitism on campus. That backlash grew in intensity after Gay and the presidents of the University of Pennsylvania and MIT struggled to answer questions from lawmakers at a hearing earlier this month about whether calls for the genocide of Jews violates university rules. Facing calls for her firing, Gay apologized for her testimony.