It was but the latest in a mutiny of university megadonors now commanding the attention of higher education leaders. Billionaire donors Marc Rowan and Bill Ackman helped topple the presidents of the University of Pennsylvania and Harvard in recent months, following the leaders’ disastrous congressional testimony on antisemitism and, in Harvard president Claudine Gay’s case, plagiarism allegations. Hedge fund billionaire Kenneth Griffin, who has given so much money to Harvard that his name graces its largest graduate school, derided elite universities last week for coddling “whiny snowflakes” and said he will no longer donate to Harvard unless it gets back...