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BDS Could Cost Universities Billions of Dollars, New ADL Report Says
Signs cover the fence at a pro-Palestinian encampment at Northwestern University in Evanston, Ill. on April 28, 2024. Photo: Max Herman via Reuters Connect.
Colleges and universities will lose tens of billions of dollars collectively from their endowments if they capitulate to demands to divest from Israel and companies that do business with it, according to a new report released on Thursday by JLens, a Jewish investor network that is part of the Anti-Defamation League (ADL).
Titled “The Impact of Israel Divestment on Equity Portfolios: Forecasting BDS’s Financial Toll on University Endowments,” the report presents the potential financial impact of universities adopting the boycott, divestment, and sanctions (BDS) movement, which seeks to isolate Israel from the international community as a step toward its eventual elimination.
The ADL describes its report as “the first of its kind” to measure the havoc BDS would wreak on university endowments, the core of a higher education institution’s financial health, by quantifying the returns for investment portfolios purged of Israel-linked companies.
“Our research demonstrates that university endowments that divest from Israel could face significant financial consequences,” JLens managing director Ari Hoffnung said in a statement. “Lower investment returns could compromise a university’s ability to provide scholarships, fund research, and invest in campus facilities.”
The numbers are harrowing. Adopting BDS, according to the report, would incinerate $33.21 billion of future returns for the 100 largest university endowments over the next 10 years, with Harvard University losing $2.5 billion and the University of Texas losing $2.2 billion. Other schools would forfeit over $1 billion, including the University of Pennsylvania, Stanford University, and Princeton University. For others, such as the University of Michigan and Dartmouth College, the damages would total in the hundreds of millions.
“This groundbreaking report approached the morally problematic BDS movement from an entirely new direction — its negative impact on portfolio returns,” New York University adjunct professor Michael Lustig said in a statement extolling the report. “JLens has done a great job in quantifying the financial effects of implementing the suggestions of this pernicious movement, and importantly, they ‘show their work’ by providing full transparency into their methodology, and properly caveat the points where assumptions must necessarily be made. This report will prove to be an important tool in helping to fight noxious BDS advocacy.”
The report adds that BDS proponents are capricious, making them unreliable investment advisers. They will add a company to the BDS “target list” for appearing to do business with Israel or Israeli companies and then fail to remove it even after the business ends. For example, JLens notes that BDS continues to name Microsoft as a “target” four years after it sold its stake in the Israeli software company AllVision. BDS proponents also offer conflicting reasons for divestment, with some limiting their grievance to the sale of weapons to the Israeli military and others aiming to halt any and all economic activity with Israel. Despite these inconsistencies, BDS proponents claim to speak with a unified voice.
“Additionally, the landscape of companies doing business in Israel is vast and ever-changing, making it challenging to compile a definitive list of BDS targets and that does not become quickly outdated,” JLens explained. “The list of potential BDS targets can expand at any time due to evolving geopolitical events and misguided activists campaigns. This dynamic nature of BDS targeting was exemplified during the editting phase of this research report, when BDS proponents expanded their calls for boycotts and divestments to include major corporations like Coca-Cola … this recent addition underscores the fluid nature of BDS campaigns and the potential for rapid shifts in targeted companies.”
American universities are largely rejecting demands to divest from Israel and entities linked to the Jewish state, but some have embraced divestment or other policies approximating it, Inside Higher Ed reported earlier this month, noting that California State University-Sacramento has said it will not invest in companies which “profit from genocide, ethnic cleansing, and activities that violate fundamental human rights,” an ambiguous turn of phrase that does not specifically mention Israel. Additionally, the outlet added, Union Theological Seminary in the City of New York has committed to implementing “socially responsible investment screens” that prevent investments in companies “substantially and intractably benefiting from the war in Palestine.”
As The Algemeiner has previously reported, Brown University’s Corporation of trustees will soon vote on a divestment proposal based on the demands of a group which calls itself the Brown Divest Coalition (BDC). According to The Brown Daily Herald, Brown president Christina Paxson initially only promised the protesters a meeting with members of the Brown Corporation, but the students pushed for more concessions and ultimately coaxed her into making divestment a real possibility.
JLens says in its report that Brown would lose $309 million dollars if it chooses to accept the investment advice of its undergraduates. The mere possibility of it is already causing damage. Earlier this month, a trustee of the Brown Corporation, Joseph Edelman, resigned from his position, citing the upcoming vote.
“It’s no coincidence that leading pro-boycott groups have ties to terrorist organizations that seek the annihilation of the Jewish people,” he wrote in an op-ed, published by the Wall Street Journal, announcing his resignation. “In the end, that is the goal of the BDS movement, and I can’t accept the treatment of a hate movement as legitimate and deserving of a hearing. Brown’s policy of appeasement won’t work. It’s a capitulation to the very hatred that led to the Holocaust and the unspeakable horrors of Oct. 7.”
Follow Dion J. Pierre @DionJ.Pierre.
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US Says That Israel Accepts Gaza Ceasefire Plan; Hamas Cool to It
A picture released by the Israeli Army says to show Israeli soldiers conducting operations in a location given as Tel Al-Sultan area, Rafah Governorate, Gaza, in this handout image released April 2, 2025. Photo: Israeli Army/Handout via REUTERS
Israel has agreed to a US ceasefire proposal for Gaza, the White House said on Thursday, and Hamas said it was reviewing the plan although its terms did not meet the Palestinian terrorist group’s demands.
As a US-backed system for distributing food aid in the war-torn enclave expanded, Israeli media reported that Prime Minister Benjamin Netanyahu told the families of hostages held in Gaza that Israel had accepted a deal presented by US President Donald Trump’s Middle East envoy Steve Witkoff.
Netanyahu’s office did not confirm the reports, but White House spokeswoman Karoline Leavitt told reporters in Washington that Israel had signed off on the proposal.
She did not detail its contents. But the New York Times quoted an Israeli official familiar with the proposal as saying the initial phase would include a 60-day ceasefire and humanitarian aid flowing through UN-run operations.
Hamas said it was studying the proposal, and senior Hamas official Sami Abu Zuhri told Reuters the group was still discussing it.
But Abu Zuhri said its terms echoed Israel‘s position and do not contain commitments to end the war, withdraw Israeli troops, or admit aid as Hamas has demanded.
Deep differences between Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March after only two months.
Israel has insisted that Hamas disarm completely and be dismantled as a military and governing force and that all 58 hostages still held in Gaza must be returned before it will agree to end the war.
Hamas has rejected the demand to give up its weapons and says Israel must pull its troops out of Gaza and commit to ending the war.
Witkoff told reporters on Wednesday that Washington was close to “sending out a new term sheet” about a ceasefire to the two sides in the conflict that has raged since October 2023.
“I have some very good feelings about getting to a long-term resolution, temporary ceasefire and a long-term resolution, a peaceful resolution, of that conflict,” Witkoff said then.
Israel has come under increasing international pressure, with many European countries that have normally been reluctant to criticize it openly demanding an end to the war and a major relief effort.
Israel launched its campaign in Gaza in response to the devastating Hamas attack in southern Israel on Oct. 7, 2023, that killed some 1,200 people and saw 251 taken hostage into Gaza.
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‘A Slap in the Face’: Chicago Venue Cancels Plans to Screen Documentary About Antisemitism for Second Time
Israeli-American rapper Kosha Dillz performs his new song “Bring the family home,” his response to Hamas’s attacks, in front of a Jewish bakery in lower Manhattan, US, Oct. 11, 2023. Photo: REUTERS/Aleksandra Michalska
A Chicago theater that canceled the screening of a documentary about campus antisemitism and then agreed to reschedule a showing has now made the final decision not to screen the film at its venue after facing harassment, it announced on Tuesday.
The Facets Film Forum, which operates the Facets arts theater in Chicago’s Lincoln Park neighborhood, claimed in a statement that Israeli-American Jewish filmmaker and rapper Kosha Dillz and the Chicago Jewish Alliance (CJA) – which helped organize the original screening that was canceled — have allegedly engaged in harassment against the venue, making it “impossible” for the Facets to move forward with a showing of “Bring the Family Home.” The documentary covers the rise of antisemitism on US college campuses after the Hamas terrorist attack in southern Israel on Oct. 7, 2023. This is the first film directed by Kosha Dillz, whose real name is Rami Even-Esh, and it focuses largely on anti-Israel encampments and sentiments at DePaul University and Northwestern University. Facets is located down the street from DePaul.
A rough cut of “Bring the Family Home” was set to premiere at Facets on May 13, but mere hours before the screening, the venue canceled the event, citing safety and security concerns for its patrons and staff. After facing an abundance of criticism from Kosha Dillz, CJA, and their supporters, Facets agreed to work with the filmmaker to reschedule the screening for later this summer.
“Facets Film Forum respects the First Amendment, its protections of free speech and the right to express views through film,” Facets said in a statement on May 16. “We regret any unintended offense our decision to cancel a privately organized, public film screening caused the filmmaker, those seeking to attend the event, and members of our community who have experienced or witnessed oppression or discrimination in any form.”
However, this week the theater has backtracked on its decision to reschedule the screening, before it even announced a new date for the event.
“Rather than acknowledging the legitimacy of our concerns and decisions, CJA and the filmmaker, and individuals that appear to be their supporters, have engaged in harassing Facets,” the venue claimed. It alleged that supporters of the film were “vilifying” Facets in an email campaign targeting donors, arts groups, and others, and even shared “vicious” posts on social media “attacking Facets.” The posts allegedly included offers for a “bounty to anyone willing to burn down Facets’ building,” which Facets reported to authorities. The venue also claimed that supporters of “Bring the Family Home” recording a conversation with a Facets staff members without consent and then posted it online, sharing personal contact details.
CJA launched an email campaign earlier this month that urged its supporters to reach out to Facets about the cancellation on May 13. CJA claimed the venue called off the event “because of discomfort with Jewish visibility” and called the move “shameful” and “a disgrace.” Facets said on Tuesday that more than 2,500 emails were sent.
“Given these acts, we are ceasing any further discussions with CJA and Mr. Dillz. Facets will not tolerate harassment of its staff from any organization,” the theater said in the statement this week. “Facets will continue to remain committed to our mission and the safety of our staff and guests.”
Facets said that for five decades, it has “provided a safe space for the community to experience a vast variety of film perspectives.” The venue noted that it hosted an event as part of the Chicago Festival of Israeli Cinema’s 20th Anniversary Celebration in March. Earlier this month, the theater also screened “No Other Land,” the Oscar-winning documentary that heavily criticizes Israel’s demolition of a village in the West Bank. “Bring the Family Home” was originally meant to be mentioned on the marquee outside of Facets along with “No Other Land,” said Kosha Dillz.
In its statement, Facets also listed three Jewish or Israel-themed movies that it has screened in the past, including “Come Closer,” “In Between,” and “Zone of Interest.” None of those films depict pro-Israel sentiments or a condemnation of antisemitism like “Bring the Family Home.”
Kosha Dillz told The Algemeiner on Thursday he cannot believe that he has been canceled twice by the same venue, which has not screened his film even once. “I was quite shocked,” he said. “It’s exhausting to deal with this for the second time. How can they cancel a film twice that hasn’t been shown once. To me, that’s just representative of what the Jewish community has to deal with.”
He also denied taking part in the alleged harassment that Facets claimed it faced, including the email campaign and calls online to burn down the venue.
“The 2,500 emails — those are people that aren’t related to me. I don’t know them. Obviously, they know me,” he noted. “They made it seem as if I was the one who rallied people to email them and take away their funding. That’s obviously not true.”
Even now, after Facets made the final decision not to screen “Bring the Family Home,” Kosha Dillz does not support efforts to attack the venue for the move.
“I don’t think bullying people who have gotten bullied makes sense. I don’t think that’s a win-win situation,” he explained. “I don’t believe in people ganging up on them. I just think they were bullied by other bullies.”
Kosha Dillz had multiple Zoom meetings and sent several emails back and forth with leaders at Facet to reschedule a screening of “Bring the Family Home,” hoping to find a new date for the event. Following the decision by Facets this week to call off all efforts for a screening, Kosha Dillz told The Algemeiner that he is upset but will now focus his time and energy on finding a new venue to screen the documentary.
“It’s called selective Jewishness,” he said of the move by Facets. “They are picking which voices they get to hear and they’re letting other people define it for them. I was the one who offered for them to make it good [after the initial cancellation] and they took me up on it and then, you know … it’s kind of a slap in the face. But the first time, shame on them. The second time, shame on me.”
On Wednesday, CJA released a statement on social media in response to Facets decision this week and also the allegations against the Jewish group.
“We objected, respectfully and publicly, to the theater’s sudden about-face. We sent emails. We asked questions. We defended a Jewish voice that refused to conform to the approved script. For that, they accused us of harassment,” CJA said. “If Facets believes in free speech, it must apply to Jews who are visible, assertive, and yes, Zionist. Anything less is not inclusion. It’s performance. We remain proud partners of ‘Bring the Family Home’ and of every Jewish artist who refuses to stay quiet just to stay included.”
CJA also accused Facets of “cultural exclusion” and “soft censorship,” making “endless excuses” and “shifting standards for what qualifies as ‘appropriate’ Jewish expression.”
CJA said “Bring the Family Home” will be shown in Chicago on June 22, but a venue has yet to be secured.
The post ‘A Slap in the Face’: Chicago Venue Cancels Plans to Screen Documentary About Antisemitism for Second Time first appeared on Algemeiner.com.
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‘Part of Our Commitment to the Palestinian People’: Anti-Israel Group Vandalizes Jewish-Owned Business in London
Vandals targeted a Jewish-owned real estate business in London on May 28-29, 2025. Photo: Screenshot
A Jewish-owned real estate business in London was vandalized by a radical anti-Israel group overnight on Wednesday into Thursday in an attack that local Jewish leaders called a “traumatic antisemitic targeting.”
Video shows two masked people dressed in all black smashing the windows of the business — which is located in Stamford Hill, a heavily Orthodox Jewish neighborhood — and spraying it with red paint. Pictures in the aftermath of the vandalism show shattered glass and red paint all over the office, and other reports say computers and furniture were also wrecked.
Last night in London’s Stamford Hill: A Jewish business completely destroyed by vandals who spray-painted “Drop Elbit”—targeting a company with NO ties to Israel whatsoever. Jewish businesses. Jewish people. Targeted for being Jewish. pic.twitter.com/JruV4Si4J9
— Combat Antisemitism Movement (@CombatASemitism) May 29, 2025
“This should be treated as [an] antisemitic incident without any doubt,” Rabbi Herschel Gluck, president of Jewish security service Shomrim’s branch in Stamford Hill, told the Jewish Chronicle. “[The owners] are visibly Jewish; the people who run the business and this business itself have nothing to do with Israel.”
According to the Chronicle, the authorities were “called as soon as the damage was discovered on Thursday morning and the Metropolitan Police were notified shortly afterwards.”
The Metropolitan Police said in a statement that the investigation is ongoing and that no arrests have been made so far. “This incident is being treated as racially aggravated criminal damage,” the statement continued.
“We understand the concern this may cause members of the Jewish community,” the police noted. “Officers are working with community leaders and patrols have increased across the local area.”
Palestine Action, the group behind the vandalism, took responsibility for it on social media.
BREAKING: Palestine Action target the London-based landlords of Kent’s Elbit weapons factory, Instro Precision.
Instro Precision continues to export targeting gear to Israel, making both the Israeli weapons maker and its landlord, perpetrators of genocide. pic.twitter.com/TDN2yrEump
— Palestine Action (@Pal_action) May 29, 2025
“Palestine Action target[s] the London-based landlords of Kent’s Elbit weapons factory, Instro Precision,” the group posted on X. “Instro Precision continues to export targeting gear to Israel, making both the Israeli weapons maker and its landlord, perpetrators of genocide.”
Along with vandalism of the business itself, “Drop Elbit” was also spray-painted on the pavement outside it, referring to Elbit Systems, an Israeli defense firm that is an industry leader.
A spokesperson for the group said the attack was a “part of our commitment to the Palestinian people” because “we will not allow companies on our doorstep to profit from mass murder.” The real estate group, it claimed, is “the [landlord] of a Kent-based Israeli weapons factory which is exporting targeting gear for the Israeli military.”
However, according to Gluck, the attack “is pure antisemitism” because “the people have no connection to Israel at all. They [the vandals] are accusing this company of having a connection to an Israeli arms manufacturer, which is not true.”
The Campaign Against Antisemitism (CAA) responded to the vandalism on X, asking, “Why is Palestine Action still not banned?”
“Palestine Action is a criminal enterprise operating freely in the UK and terrorizing the Jewish community,” it wrote. “It must be banned and its organizers and activists prosecuted.”
This latest vandalism is part of a general spike in antisemitism in the UK.
The UK experienced its second-worst year for antisemitism in 2024, despite recording an 18 percent drop in antisemitic incidents from the previous year’s all-time high, according to a report released in February.
The Community Security Trust (CST), a nonprofit charity that advises Britain’s Jewish community on security matters, released data showing it recorded 3,528 antisemitic incidents for 2024, a drop of 18 percent from the 4,296 in 2023. These numbers compare to 1,662 antisemitic incidents in 2022, 2,261 in 2021, and 1,684 in 2020.
Last year’s total “is a reflection of the sustained levels of antisemitism that have been recorded across the UK since the Hamas terror attack in Israel on Oct. 7, 2023,” CST said of its findings. “CST’s Antisemitic Incidents Report 2023 charted the immediacy and scope of the rise in anti-Jewish hate following that attack, before Israel had set in motion any extensive military response in Gaza.”
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