Elite American universities receiving billions in federal funds see rise in antisemitism: 'Gamed the tax code'

Former Maryland Gov. Larry Hogan joins ‘Your World’ to discuss the anti-Israel protests across America and his decision to withdraw from two Harvard fellowships over student groups on its campus praising Hamas terrorists.

Two elite universities that have made headlines in recent weeks for their lackluster response to antisemitism on their campuses have raked in billions in taxpayer-backed federal funds in recent years, according to an analysis conducted by OpenTheBooks and provided to Fox News Digital.

Harvard University and the University of Pennsylvania have found themselves embroiled in controversy over their handling of antisemitic incidents on campus following Hamas' bloody attacks on Israelis and Israel's response. 

The issues have boiled over in recent weeks, leading to outside pressure from donors and top law firms to do more to protect Jewish students. Some politicians have even questioned whether universities that don't do enough to restrain antisemitic actions on campuses should have their tax-exempt statuses revoked.

Harvard and UPenn, which have been among the colleges at the center of the storm, have received billions in federal payments over the past five years and billions more in federal tax breaks on their endowments.

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Harvard and UPenn have faced criticism over their response to antisemitism on their campuses.  (Getty Images)

"Are these wealthy universities operating in the public interest or their own special interest? Since these schools are educational charities under IRS code 501(c)3, Congress should hold hearings," OpenTheBooks founder Adam Andrzejewski told Fox News Digital. 

"For example,