Jane Fonda withdrew her multi-million dollar grant to Harvard University, because the value of her divorce settlement has collapsed. Fonda reneged on her promise to provide the Ivy League university with $12.5 million last week and expects to be handed back approximately half of her original donation. The veteran actress divorced billionaire Ted Turner two years ago and was presented with a healthy divorce settlement. However her money was linked to the stock market which has been on a downward spiral ever since and her lucrative windfall is now considerably slimmer.