"It has been my privilege to serve as President of this remarkable institution."
Magill will stay on as president until the university finds her replacement.
The announcement came in the means of a statement from UPenn Board of Trustees chairman Scott Bok that was sent to "Members of the Penn community." Bok also resigned within minutes of announcing Magill's departure, according to The Daily Pennsylvanian.
"I write to share that President Liz Magill has voluntarily tendered her resignation as President of the University of Pennsylvania. She will remain a tenured faculty member at Penn Carey Law," the statement reads.
"On behalf of the entire Penn community, I want to thank President Magill for her service to the University as President and wish her well. We will be in touch in the coming days to share plans for interim leadership of Penn. President Magill has agreed to stay on until an interim president is appointed," it continues.
"President Magill shared the following statement, which I include here: "It has been my privilege to serve as President of this remarkable institution. It has been an honor to work with our faculty, students, staff, alumni, and community members to advance Penn's vital missions," the statement concludes.
Magill's resignation follows a brutal grilling from Republican Rep. Elise Stefanik (NY) during a congressional hearing that was centered around Ivy League Universities allowing students to outwardly hate Jews in the wake of Israel's war against Hamas terrorists.
Magill was among three Ivy League presidents who would not label students' calls for the genocide of Jews as misconduct. The other two included in the hearing were MIT President Sally Kornbluth and Harvard President Claudine Gay.
Rep. Stefanik asked each of them the simple question: "Does calling for the genocide of Jews violate the code of conduct or rules regarding bullying or harassment?"
Each university president replied with the same answer, in which they said "It depends on the context."
Rep. Stefanik asked for a "yes" or "no" answer to her question, but the Ivy League presidents stuck to their scripts, which people suspected they planned together ahead of the hearing.
Their comments immediately backfired and resulted in mega-donors pulling support for their universities.
This is a breaking story and will be updated.
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