U. of Pennsylvania Rejects $10 Million in Chinese Virus Bailout Funds
The University of Pennsylvania announced on Thursday that they will reject nearly $10 million in federal coronavirus relief funds after a wave of public pressure on wealthy institutions to reject public assistance. The University of Pennsylvania currently boasts an endowment of $14.7 billion. UPenn joins Princeton, Yale, and Harvard in rejecting the federal funds, although Harvard first tried to keep the federal money.