Billionaire hedge fund manager John Paulson threatened to stop donating to Manhattan elite all-girls Spence School because of “anti-white indoctrination” in the curriculum given to his two daughters.
Paulson, who became a celebrity in the banking industry after making billions from his bet against the U.S. housing market prior to the 2008 financial crisis and serving as economic advisor to President Donald Trump, made the claims in a letter to the school in 2017 that this week has been excavated by Page six.
At the time, both daughters of Paulson, Giselle and Danielle, attend the Upper East Side school, which charges nearly $ 50,000 a year in tuition and has many famous alumni, including Gwenyth Paltrow, Anna Wintour’s daughter Bee Shaffer and Michael Bloomberg’s daughter Georgina Bloomberg.
In the letter, signed by Paulson and his wife Jenny, the couple describes several examples of reading material their daughters received with malicious images of whites.
They argued that the curriculum is “designed” to promote anti-white ideologies by teaching students, less than a quarter of whom are minorities, that whites are successful because of their race.
Billionaire hedge fund manager John Paulson and wife Jenny (pictured in 2017) accused Manhattan’s elite all-girls Spence School of ‘anti-white indoctrination’ three years ago
One of New York City’s most elite private schools, Spence School charges nearly $ 50,000 a year in tuition. The Upper East Side campus is shown above
John and Jenny Paulson alleged in a 2017 letter that their daughters Giselle and Danielle had received several class assignments portraying white people maliciously. The family arrives at the US Open in 2014
“In recent years, we’ve contacted several times to discuss a troubling trend in an area of the curriculum that we think is negatively impacting our daughters’ education,” the Paulsons wrote in the letter, which was addressed to Spence’s Head of School Eleanor “Bodie” Brizendine and sent to various members of the board of directors.
“As we noted earlier, there seems to be an anti-white indoctrination that permeates many parts of the Spence curriculum.”
John Paulson became a celebrity in the banking industry after making billions from his bet against the US housing market prior to the 2008 financial crisis
The Paulsons cited several examples of “very disturbing” subject matter materials they had discussed with Spence in recent years.
“Last year we marked sections from assigned passages in 8th grade English. These include: In “Indian Education,” the white teacher is a mean, ugly red-haired monster, and a white father rapes his daughter, “the letter says.
We also expressed our deep disappointment during the school game last September when two white girls pushed a black girl for not being in South of East Hampton in the summer.
In recent years we have also contacted you about the story of ‘When Richer Weds Poorer’ … where the main character said it was great that rich people could be nice.
“We got the impression that it was possible to promote diversity in a way that was neither inciting nor discriminating against whites.”
Michael Bloomberg’s daughter Georgina Bloomberg (left together in 2019) and Anna Wintour’s daughter Bee Shaffer (together together in 2018) also attended Spence
The couple then described the reason for their current letter – an assignment their seventh-grade daughter recently received.
“Now we find ourselves writing to you again to give another example of what has become an alarming pattern … the subject of” Encourage Conversational Conversation Compass “given to the seventh grade class,” the letter says.
“The student notebooks provided are, in our opinion, designed to promote anti-white indoctrination.”
The Paulsons did not elaborate on what the offending assignment entailed, according to page six, but wrote, “We believe these materials send students the wrong message about the values they must adopt to live a prosperous life.
“The benefits that most people with a middle or higher income background enjoy today are the result of a stable family background, a high level of education, hard work and personal responsibility.
“Attributing them to their race means blindness to the values we rightly cultivate with our children. Our daughters are successful in school because they are disciplined and hard-working.
“We think it is wrong to suggest that they are successful because they are white. We also think that it is harmful to indoctrinate guilt in whites and feelings of resentment and right against whites in blacks.
“For children of all races, we strongly believe that schools should value and define success in terms of hard work, earned performance, earnings, commitment to academic rigor and personal integrity.”
The letter ends with a direct threat to stop supporting the school financially if their concerns are not resolved.
“As you know, we were among Spence’s biggest financial supporters,” the couple wrote.
“However, we will not continue to donate to Spence while Spence continues on this path.”
John and Jenny Paulson have donated hundreds of millions to philanthropic goals in the years since the financier’s unprecedented bet against the housing market took him to a net worth of $ 4.7 billion. They are depicted in the White House in 2018
Spence made a statement in the Page Six report on Paulsons’ letter, saying, “Spence has long been committed to the curriculum that promotes different perspectives and faces difficult truths. We never doubted this commitment, which is even more important in this national reckoning on race and social justice. ‘
John and Jenny Paulson have donated hundreds of millions to philanthropic goals in the years since the 64-year-old financier’s unprecedented bet against the housing market took him to a net worth of $ 4.7 billion.
Many of their contributions went to educational goals, including $ 400 million from Harvard University School of Engineering and Applied Sciences and $ 10 million from Success Academy Charter Schools, which sought to improve the quality of education in poor areas of New York City.
After his letter came to light – amid nationwide anti-racism protests – some social media critics noted that John Paulson, who is white, made his fortune in a white-dominated financial industry.
The hedge fund manager addressed the three-year-old letter in a statement to page six, saying, “ Our family has long supported organizations that work to achieve social justice by equipping children from minority groups and low-income people with world-class education that will lead to success in life.
“We believe that respect, inclusion and tolerance for different views should guide current discussions about race and equality.”
Spence also commented on the outlet, saying, “Spence has a longstanding commitment to the curriculum that promotes different perspectives and faces difficult truths.
“We never doubted this commitment, which is even more important in this national reckoning on race and social justice.”