Harvard University warned that donations to its endowment have nosedived as outraged alumni cut ties with the school over its feeble response to on-campus antisemitism. Cash gifts to the Ivy League school fell about 15% to less than $1.2 billion during the fiscal year ended June 30, according to a Harvard financial report released Thursday.

Harvard saw a dip in donations in the months after protests over the Israel-Hamas war. Many billionaire donors suspended their support in that time.