The University of Southern California “will not proceed” with Harvey Weinstein’s pledge to fund a $5 million endowment for female filmmakers amid allegations of sexual misconduct.
“The USC School of Cinematic Arts will not proceed with Mr. Weinstein’s pledge to fund a $5M endowment for women filmmakers,” the USC School of Cinematic Arts said in a statement to TheWrap on Tuesday.
Following the New York Times’ report of his history of sexual misconduct, Weinstein released a statement in which he mentioned his plans to create the endowment fund. USC confirmed to TheWrap on Thursday that the money had been pledged by Weinstein, but that no further plans had been made to establish the endowment fund.