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scroll_responsibly ,
@scroll_responsibly@lemmy.sdf.org avatar

https://lemmy.sdf.org/pictrs/image/47cdff4c-8fdd-4a85-b10e-b230d3513330.png

mycathas9lives ,

So he will stop donating. Funding is not what he is doing. The school is funded without this schmuck.

UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

Columbia has a $13.6B endowment, which has consistently grown at 8-10% annually.

Kraft has historically donated in the $5M range annually. So, less than 1% of what the university earns on a portfolio whose principle never gets touched.

goferking0 ,

Kraft echoed the sentiment in a statement issued through an organization he founded called the Foundation to Combat Antisemitism. “I am deeply saddened at the virulent hate that continues to grow on campus and throughout our country,” he wrote. “I am no longer confident that Columbia can protect its students and staff and I am not comfortable supporting the university until corrective action is taken.”

So beat down the protests harder or you don’t get money? That’s his argument?

Linkerbaan , (edited )
@Linkerbaan@lemmy.world avatar

I’m pulling my funding from Kraft goods

njm1314 ,

He’s pulling support from the school that’s cracking down so heavily and violently on the protests? What’s he for I’m having trouble understanding the logic here.

taanegl ,

It’s easy. He wants more pressure, more punishment, also it’s a good excuse to get out now since colleges are doomed in the US due to reasons.

Bonskreeskreeskree ,

What reasons

taanegl ,

Oh, the massive loan fraud situation, corporate poatching of talent and patents, the fact that most collages are run by a bunch of greedy, nepotistic fucks, whose concern for acedemia begins and ends with football teams.

The slow moving enshitification has been going on for years, and soon people who want to be taken seriously in the market place will either avoid US collages altogether or go to foreign collages.

Uni’s will be fine, but collages? Without management reform, we’ll be seeing a downward curve regarding their legitimacy - from an academic point of view, of course.

tearsintherain ,
@tearsintherain@leminal.space avatar

Privatize everything free market capitalists have been chipping away at K-12 for some time now. Charter factories Schools are primo examples of divide and conquer public education.

goferking0 ,

Nah he is sad they aren’t going harder on them

Kraft echoed the sentiment in a statement issued through an organization he founded called the Foundation to Combat Antisemitism. “I am deeply saddened at the virulent hate that continues to grow on campus and throughout our country,” he wrote. “I am no longer confident that Columbia can protect its students and staff and I am not comfortable supporting the university until corrective action is taken.”

UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

There’s something inherently creepy about a guy who isn’t Jewish starting up a foundation called “Combat Antisemitism” and then lean really, really hard on the “Combat” part without seeming to give much of a shit about the Antisemitism part.

I get strong “Can’t wait for Israel to be obliterated by war and bring on the Second Coming!” vibes from this.

Incidentally: columbiaspectator.com/…/gaza-solidarity-encampmen…

https://lemmy.world/pictrs/image/901bec26-f5ab-4b07-91b1-3353f4efe705.jpeg

cosmicrookie ,
@cosmicrookie@lemmy.world avatar

It should be prohibited for schools, hospitals and politics to depend on investors

jeffw OP ,

Well, it’s not an investor, just a donor. Almost all universities and colleges are non-profits, so they do not have investors.

cosmicrookie ,
@cosmicrookie@lemmy.world avatar

I dont really care what they are called. They donate not as charity but to get something in return. It can be promotion, goodwill, influence, access to top picks etc. That is IMO investing

jeffw OP ,

Sure, I get what you mean. But how do you stop that in any non-profit? It could be a local community organization that buys books for kids, then some rich guy donates a shit ton of specific books. You can’t stop people from donating, yknow?

(edit: for the record, I was the upvote on that last comment, not the downvote. not trying to make this a fight)

cosmicrookie ,
@cosmicrookie@lemmy.world avatar

I am not arguing against donations. My point is them being depended on them. Some places it is free to go to university, college etc. medical care. Other places it costs a fee. There is no reason for them to become dependent on donations especially politicians

Also who cares about up/down votes!?

jeffw OP ,

Not saying I care about the votes. Just saying I don’t downvote people in a discussion (unless they are engaging in bad faith/trolling), since I noticed someone had downvoted your comment almost immediately.

That being said, even in some countries with excellent health care standards, organizations depend on outside donations. I imagine a similar thing happens in education but I can’t say for sure, since it isn’t my field.

Although, just for the sake of playing devil’s advocate, any system dependent on govt funding could be corrupted by the govt’s agenda, just like a donor could shape a nonprofit.

cosmicrookie ,
@cosmicrookie@lemmy.world avatar

I agree, that they are, but argue that they shouldn’t

FuglyDuck ,
@FuglyDuck@lemmy.world avatar

Actually, you can tell people “no thank you”… to go with your example, if the books donated were Mein Kampf or something like that.

UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

Almost all universities and colleges are non-profits

That’s more a tax-dodge gambit than a reflection of their business policies.

unreasonabro ,

We need to just, like, cancel money. Fuck these twats and their useless ignorant influence. How dare you put education on the line to defend genocide

garbage human

conquer4 ,

So he’s pulling support from the school, effectively he supports the protesters and staff who walked and not the school who is trying to make them go away. I don’t care about his mouth words, his actions matter more.

LEDZeppelin ,

This is why we need to strengthen department of education. Otherwise these asshole billionaires will run education system like theirs own fiefdoms.

Of course repubes want to get rid of department of education. Perfectly on brand.

tearsintherain ,
@tearsintherain@leminal.space avatar

Billionaires certainly despise unions, profiting by exploiting working people is fundamental to their business models. So Republicans of course loathe unions and thus degradation and control of public education, public school teachers has been a running long term goal.

Charter factories Schools are the foot in the door for free marketeers. Why respect teachers, hire more staff and better fund schools, create communities, when you can cut costs, treat kids and education itself as products, and send those savings into the pockets of just a few people.

randon31415 ,

… Palestinians? I thought they were protesting Gustavo Petro’s reforms.

Karyoplasma ,

I was very confused about that headline until I realized they meant Columbia University, not Columbia the country in South America.

phoneymouse ,

That’s spelled Colombia. But, yes it is confusing because Colombia also has joined the ICC case against Israel with South Africa.

Argonne ,

It’s interesting you bring up the ICC because they ruled Israel is not commiting a Genocide

tearsintherain ,
@tearsintherain@leminal.space avatar

Less billionaires, corporations and hedge funds involved in higher education would actually be a turn for the better.

ghostdoggtv ,

Uncomfortable billionaire is at least a step in the right direction

NeptuneOrbit ,

Schools are taking people’s free speech! Wait, I’m not donating to schools until they do it more! But to those I dislike!

Chocrates ,

No idea who he is but good for him. If more of the aristocracy announce themselves we will know who to not give a fuck about.

jeffw OP ,

No idea how he got rich, but he owns the NE Patriots (US) football team

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