In any case, penalties would apply to the perpetrators themselves, as individuals. I've never heard of a case where the institution itself would suffer from a significant funding cut, to say nothing of a very sudden funding collapse.
> but free speech is much more sacred in the United States than in Germany.
In the abstract. In actual practice, it's not clear, and you could even build quite a strong case for the opposite view. "Cancellation" over mere words has been commonplace for over ten years, and is much more common to the US than to Europe. And as for laws... What just happened to Tao and UCLA has, to the best of my knowledge, never taken place in Europe in recent decades.