University Finances
Senate Committee Targets $3 Million in Harvard NSF Research Grants for ‘Far-Left Ideology’
A Senate Commerce Committee report released last week labeled more than $3 million in federal grants to Harvard researchers as advancing DEI initiatives or “neo-Marxist class warfare propaganda."
Harvard Management Company Bets on Big Tech at End of 2024
The Harvard Management Company increased its exposure to Big Tech in its directly held stock portfolio during the final months of 2024, adding new positions in Apple, Amazon, Tesla, and Microsoft while reinforcing its already substantial investment in Meta.
Advocates Raise Concerns As Boston PILOT Report Remains Unreleased
While property taxes comprise nearly three quarters of Boston’s revenue, nonprofits are exempt from paying this tax. Instead, the PILOT program asks large non-profits to voluntarily pay a portion of what they would have otherwise paid in property taxes. The 2024 report on contributions has yet to be released.
Republicans Are Floating Plans To Raise the Endowment Tax. Here’s What You Need To Know.
Rep. Mike V. Lawler (R-N.Y.), an ally of President Donald Trump, became the latest Republican lawmaker to introduce an endowment tax on Friday, proposing an 8.6 percent tax hike for Harvard and other wealthy colleges and universities.
Federal Judge Says Trump Violated Order To Unfreeze Federal Funds
A federal judge ruled that the Trump administration violated an order that halted a sweeping freeze on federal funding and ordered the White House to “take every step necessary” to release federally appropriated funds.
Garber Blasts Trump’s Limits on NIH Support for Indirect Costs
Harvard President Alan M. Garber ’76 slammed the Trump administration’s Friday decision to limit National Institutes of Health funding for overhead costs associated with research projects in a Sunday afternoon email.
Harvard’s Lobbying Spending Rose by 17% in 2024, the Most in More Than a Decade
Harvard spent $620,000 on lobbying the federal government in 2024 — the most it’s spent since 2010 — as the University attempts to dissuade lawmakers from imposing a larger endowment tax and other financial penalties on the heels of a 2023 leadership crisis.
Harvard’s Federal Funding Is Under Fire. Here’s What’s at Risk.
President Donald Trump’s wave of executive orders targeting funding for education sent shockwaves through Harvard this week, jeopardizing thousands of research jobs and more than 10 percent of the University’s operating revenue.
With Republicans in Control, Alan Garber Faces a Fight For Harvard’s Funding
Harvard President Alan M. Garber ’76 has spent the last year investing in relationships with politicians in Washington, avoiding direct confrontation with the threats he has long acknowledged. Now faced with a barrage of funding cuts, Garber may have been pushed into the fight.