The backlash over recent congressional testimony from the presidents of Ivy League schools Harvard University and the University of Pennsylvania has spurned another revolt from donors that targets diversity initiatives on college campuses.

Several major donors have pulled funding from Harvard and Penn in the wake of the tumultuous testimony. Harvard alumnus Bill Ackman claimed he is aware of more than $1 billion in donations being pulled from Harvard after Harvard President Claudine Gay's testimony. Penn has reportedly lost at least $100 million from one of its alumnus, investor Ross Stevens, following its then-president's testimony, according to the New York Times.

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Some experts have claimed that diversity, equity, and inclusion policies at U.S. universities have not been inclusive of Jewish people in the past, saying it is a problem that needs to be addressed. However, others have gone as far as calling for an end to the offices.

"It's a reality that traditional DEI has not been inclusive enough of antisemitism, and it's urgent to address the gaps," Stacy Burdett, an antisemitism expert who previously served as a vice president of the Anti-Defamation League, told Axios. "The racial justice movement as we know it may not have imagined the need to support and protect a group of mostly white people who are targeted by hate crimes and identity-based harassment."

Here are some recent comments about antisemitism and DEI policies on college campuses:

Harvard

Ackman has hit his alma mater particularly hard when it comes to DEI policies, including alleging Gay, who is black, was hired because she met the university's DEI requirements.

"I learned from someone with first person knowledge of the [Harvard] president search, that the committee would not consider a candidate who did not meet the DEI office’s criteria," Ackman posted to X, formerly Twitter, last week.

"Shrinking the pool of candidates based on required race, gender, and/or sexual orientation criteria is not the right approach to identifying the best leaders for our most prestigious universities," he added. "And it is also not good for those awarded the office of president who find themselves in a role that they would likely not have obtained were it not for a fat finger on the scale."

Ackman also alleged the DEI efforts at Harvard have "led to preferences and favoritism for certain racial, gender, and LGBTQ+ groups at the expense of other groups, and made some members of the Harvard community feel included at the expense of others that are excluded."

University of Pennsylvania

Stevens reportedly was planning to give $100 million to Penn's Wharton School, but two sources told the New York Times that he had pulled the funding after then-President Liz Magill's testimony and over concerns that the school was prioritizing DEI over "enhancing the business school's academic excellence."

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Other major donors, including Marc Rowan and philanthropist Ronald S. Lauder, have stopped donating to the school because of its alleged antisemitic slant, particularly after the Oct. 7 Hamas attack in Israel.

“There has been a gathering storm around these issues,” Rowan said on CNBC in October. “You know, microaggressions are condemned with extreme moral outrage, and yet violence, particularly violence against Jews, antisemitism, seems to have found a place of tolerance on the campus, protected by free speech.”