University Finances
DOGE Instructions and a White House Deadline: How the Government Canceled Harvard’s Grants
More than 2,000 pages of court documents present a new window into the government’s process for terminating research grants to Harvard — and show that the Department of Government Efficiency helped facilitate the operation.
Harvard Officials Say Federal Actions Could Cost the University $1 Billion Annually
Harvard President Alan M. Garber ’76 warned Monday that the combined financial impact of sweeping federal policy changes — including research funding cuts and a sharp increase in the tax on endowment income — could cost the University up to $1 billion annually.
Trump Signs Spending Package Into Law, Imposing 8% Tax on Harvard’s Endowment Income
President Donald Trump signed into law a sweeping tax and spending package that significantly raises the federal excise tax on Harvard’s endowment income on Friday — a move that could cost the University more than $200 million a year.
Harvard Kennedy School To Lay Off Staff Amid Federal Funding Cuts, Endowment Tax Threats
The Harvard Kennedy School is laying off employees and implementing a slew of cost-cutting measures in response to “significant financial challenges” inflicted by the Trump administration, the school’s dean announced in an email to faculty and staff on Wednesday.
Stefanik Calls On SEC to Investigate Harvard’s $750 Million Bond Disclosure
Representative Elise M. Stefanik ’06 (R-N.Y.) alleged that Harvard should have told bondholders in an April 9 notice to expect financial fallout from defying the Trump administration’s demands. It is not clear that Harvard had already decided to reject the demands at the time of the bond offering.
Senate Finance Committee Proposal for 8% Endowment Tax Could Cost Harvard $200 Million Per Year
The Senate Finance Committee released proposed changes to the House’s tax and spending bill that would introduce an 8 percent tax on large endowments. Down from the 21 percent rate passed by the House, the proposal would still be a sixfold hike from the 1.4 percent Harvard currently pays.
Harvard Research Cuts Halt More Than 570 Subawards to Other Institutions, Including MGB Hospitals
Harvard will cease funding more than 570 subawards for research at affiliated institutions across 32 states after cuts to federal support, according to a University spokesperson.
Seeking Revenue and Reach, SEAS Sets Its Sights on Expanded Professional Education Programs
The School of Engineering and Applied Sciences aims to expand its professional education programs and increase the programs’ revenue by at least one million dollars by 2030.
After a Semester of Catastrophic Federal Cuts, Researchers at Harvard Are in a ‘Survival State’
Across Harvard’s schools, researchers described a wave of destruction following sweeping terminations of federally funded grants. More than $2.7 billion in cuts have come as part of the Trump administration’s targeted pressure campaign against Harvard.
A Reluctant Fight: Inside Harvard’s War With Washington
At a campus now used to crisis, Garber’s words found their mark, not for what he said, but for what he seemed to represent: control, clarity, and a kind of reluctant bravery. After trying backchannel conversations with White House officials, a letter — apparently sent by mistake — with unprecedented demands forced Garber’s hand.
Strings Attached: How Harvard’s Wealthiest Alumni Are Reshaping University Giving
Led by Samuel W. Lessin ’05 and the 1636 Forum, Harvard donors are ditching unrestricted giving for targeted donations to shape the University’s future.
Trump Took Aim at Harvard. His Facts Sometimes Missed the Mark.
Donald Trump has spent the past two days using his presidential bully pulpit to light into Harvard.
Trump Administration Threatens To Pull Last of Harvard’s Federal Contracts
The Trump administration is prepared to direct federal agencies to cancel an estimated $100 million in remaining federal contracts with Harvard and seek alternative vendors, The New York Times reported Tuesday morning.
House Narrowly Passes GOP Tax Bill Targeting Harvard’s Endowment with 21 Percent Tax
The U.S. House of Representatives passed a sweeping Republican-backed tax and spending bill Thursday that would impose a 21 percent tax on Harvard’s endowment returns — the latest in a series of federal measures inflicting harsh financial penalties on the University.
Garber Establishes Presidential Priorities Fund, Calls on Alumni to Back Harvard in Fight with Trump
Harvard President Alan M. Garber ’76 unveiled a new Presidential Priorities Fund in a Monday email and called on alumni and donors to throw their financial and political support behind the University.
