These colleges have Billions in there endowment funds.
They could not get another penny in donations for the next 20 years and not suffer.
The only thing that is going to bother anyone is that college presidents are made and broken on the money they bring in.
It may have an effect on policy.
These schools get Middle Eastern money.. Lots of royal families send their kids here.for college. It wouldn’t do for academia to bite the hand that feeds them.