What's the purpose of Yale censoring certain websites? I find it hilarious that people spend so much money to go to Yale, and some of that money goes to inspecting what they're browsing.
Many University networks are intentionally pretty open on the inside. Last I was at Uni, for example, CIFS was not blocked. CIFS is a common vector for malware to spread across a network.
So, blocking access to known malware hotspots works as a form of preventative maintenance. With a student body of 5,000 you are virtually guaranteed to have a cohort of that archetype of user that acquires new malware on a daily basis.
Edit: Obviously that isn't a good reason to block THIS website, just responding to the general question of filtering in the first place.