They have not done it as a school sanctioned event since the year it collapsed in 1999 and killed some kids.
As for COVID, the school has been very proactive with random mandatory testing, limited in person class requirements, and other safety protocols. Other than labs, my son only has one in person class, and it is small. They have a ceremony every year to honor students, faculty, and alumni who have died. Last spring they took it virtual which was a bummer since my FIL was one honored that year. We were really looking forward to that. We have been comfortable with everything they have done to keep the students safe.