Yale's Major Benefactor Schwarzman in Spotlight Over Trump Ties and Harvard Negotiations
Stephen Schwarzman, Yale University's major benefactor, has been in the spotlight due to his connections with former President Donald Trump and his role in negotiations between Harvard University and the Trump administration. Meanwhile, Yale has managed to avoid federal funding cuts unlike many other Ivy League institutions.
In 2015, Schwarzman donated a record $150 million to Yale, the second-largest donation in the University's history, to establish the Schwarzman Center. Since then, details about his additional financial donations to other universities have been scarce.
Schwarzman's ties with Trump have sparked discussions at Yale. He endorsed Trump in 2020 and 2024, and the two have spoken about Harvard University's negotiations with the government. Trump even hinted at a $500 million deal with Harvard University, with Schwarzman's assistance.
Yale has increased its lobbying efforts in Washington during the second Trump administration, possibly contributing to its avoidance of federal funding cuts. Unlike Harvard University and most other Ivy League institutions, Yale has been spared from targeted funding cuts. However, the Trump administration has attacked various aspects of universities, including increasing endowment taxation and investigating civil rights violations.
Schwarzman's involvement with Harvard University's negotiations comes amidst his administration's crackdown on universities. Despite this, Schwarzman has made significant donations to other universities like MIT and Oxford since his $150 million gift to Yale.
Schwarzman's role in Harvard University's negotiations with the Trump administration has raised eyebrows, given his past donations to Yale and his endorsement of Trump. While Yale has benefited from Schwarzman's generosity and avoided federal funding cuts, the future of university funding under potential new regulations remains uncertain.
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