University Finances
Trump Doubles Down on Threat to End Harvard’s Tax-Exempt Status
United States President Donald Trump wrote on Friday that he would pull Harvard’s tax-exempt status — his second social media vow to weaponize the Internal Revenue Service in the White House’s standoff with the University.
House Republicans Threaten To Subpoena Harvard in Antitrust Probe, Despite Extended Document Submission Deadline
The House Judiciary Committee is prepared to subpoena Harvard for allegedly failing to submit documents requested as part of an antitrust tuition collusion investigation launched earlier this month, according to a House staffer familiar with the plans.
HMC Plans $1 Billion Sale of Private Equity Stakes
Harvard Management Company is planning to sell nearly $1 billion of private equity fund stakes, liquidating nearly 5 percent of its private equity portfolio amid mounting threats to the University’s finances by its critics in Washington.
Harvard Will Create Process To Centralize Protest Discipline Cases Under University President
Harvard will create a process for University President Alan M. Garber ’76 to call a faculty panel to investigate and impose penalties in cross-school disciplinary cases, Garber announced in a Thursday evening email to Harvard affiliates.
Harvard Asks Judge to Expedite Lawsuit Against Trump Admin, Declines to Request Emergency Injunction
Harvard asked a federal judge to fast-track its legal challenge against the Trump administration’s decision to freeze more than $2 billion in grants and contracts, calling for quick action to mitigate harm to research and academic projects.
Harvard Spends Record Amount on Lobbying in First Quarter of 2025 As It Fends Off Federal Threats
Harvard spent $230,000 on federal lobbying in the first quarter of 2025 — its highest quarterly total since George W. Bush’s presidency — as the University tries to fortify itself against attacks from Congress and the White House.
HSPH Asks Labs To Describe Funding Streams As It Braces for Financial Troubles
The Harvard School of Public Health is asking all research labs to describe their funding streams to determine how to allocate “scarce internal resources” in the wake of the Trump administration’s multibillion dollar cut to federal grants and contracts.
Trump To Cut Another $1 Billion From Harvard Health Research Funding, Wall Street Journal Reports
The Trump administration plans to slash another $1 billion in federal grants and contracts for health research to Harvard, on top of an existing $2.2 billion cut, the Wall Street Journal reported on Sunday.
NIH Pauses Awards to Harvard, Other Schools With Frozen Funding
The National Institutes of Health has been instructed not to make grant payments to Harvard and other universities whose funds have been frozen, according to an internal email reported by several news outlets.
Education Department Demands Records on Foreign Funding to Harvard
The Department of Education asked Harvard to turn over records on donations from foreign sources on Friday, alleging that the University inaccurately disclosed foreign gifts.
Harvard’s Clash With Trump Raises Stakes — And Closes Doors
As Harvard’s multibillion dollar standoff with the Trump administration escalates, the University’s roads to retreat or reconciliation are narrowing.
Late Night Comedians Celebrate Harvard’s Rejection of Trump’s Demands
Several late-night comedy shows ran segments on Harvard’s Monday decision to reject the Trump administration’s demands, praising the University while criticizing the White House.
Hour by Hour: How Harvard’s Donations Surged After Garber Challenged Trump
Contributions to Harvard spiked after the University refused demands from the White House on Monday. Read an hour-by-hour breakdown, according to a giving update produced by Harvard’s fundraising office and obtained by the Crimson.
As Garber Stands Against Trump, Money From Harvard Donors Pours In
After Harvard publicly rejected the Trump administration’s demands, a wave of support — and money — has come rushing in.
Can Harvard Use Its Endowment To Make Up For Federal Cuts? It’s Possible, but Not That Simple.
Harvard’s endowment is not a $53.2 billion pile of cash. But as the University sits on the precipice of historic financial losses, it has increasingly faced calls to draw from endowment funds to make up the difference.
