University Finances
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.
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.
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.
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.
White House Backs Down From Funding Freeze
President Donald Trump rescinded an order that sought to temporarily freeze the distribution of federal funds to local governments, universities, and nonprofits on Wednesday afternoon.
Garber Says Some Harvard Research May Halt After Trump Orders Freeze on Federal Grants
Harvard President Alan M. Garber ’76 wrote that some federally funded research initiatives at Harvard could be be forced to stop work to comply with Donald Trump’s federal funding freeze in an email to affiliates Tuesday afternoon, shortly before the freeze was blocked by a federal judge.
Harvard Endowment Reinvests $150M in Company Tied to Israeli Settlements in Palestine
The Harvard Management Company reinvested $150 million in Booking Holdings Inc., a company under fire for its operation in Israeli settlements in the West Bank, according to its 2024 third quarter filings.
