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.
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.
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 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.
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.
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.
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.
PBHA Launches Emergency Fund After Federal Funding Freeze
The Phillip Brooks House Association, Harvard’s largest organization dedicated to public service, announced the establishment of an emergency fund two days after Trump froze $2.2 billion in funding to the University.
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.
IRS Making Plans To Revoke Harvard’s Tax-Exempt Status, CNN Reports
The Internal Revenue Service is preparing to revoke Harvard’s tax-exempt status after the University rejected federal demands on Monday, CNN reported Wednesday afternoon.
Trump Threatens To Revoke Harvard’s Tax-Exempt Status One Day After Garber Rejects Demands
United States President Donald Trump threatened to revoke Harvard’s tax-exempt status less than one day after Harvard President Alan M. Garber ’76 rebuffed the White House’s demands, marking yet another escalation in the Trump administration’s campaign against the University.
Harvard AAUP Changes Litigation Strategy in Response to Funding Cuts
After a $2.2 billion cut was announced on Monday, Harvard’s chapter of the AAUP withdrew its request for a judge to block funding freezes from the Trump administration, instead asking for a preliminary injunction.
Harvard Says Legal Challenges With Trump Admin Could Have ‘Adverse Effect’ in Bond Sale Disclosure
Harvard University warned investors that mounting legal challenges with the White House over its $2.2 billion federal funding freeze could materially harm the institution’s financial standing, reputation, and operations, according to a disclosure filed on Tuesday in connection with a successful bond sale.
At Grim Town Hall, Harvard Medical School Leaders Tell Staff to Expect Layoffs and Far-Reaching Cuts
Harvard Medical School leadership told employees at a town hall Wednesday morning that the school was preparing to make staffing reductions and cut programs as a result of the Trump administration’s actions against Harvard — including a $2.2 billion freeze.
Trump’s Funding Cut Sets the Stage for a Historic Legal Battle With Harvard
By revoking more than $2 billion in federal grants and contracts, the Trump administration has forced Harvard President Alan M. Garber ’76 to make a final choice — sue or stand down.
Harvard’s Researchers Take Center Stage in Funding Showdown With Trump
David R. Walt, a professor at Harvard Medical School and Boston’s Brigham and Women’s Hospital, lost hundreds of thousands in research funding from the Trump administration last week — just two months after receiving the nation’s highest honor for technological achievement.
HKS Human Rights Hub Renamed Carr-Ryan Center After $10 Million Donation
The Harvard Kennedy School’s hub for human rights research was renamed the Carr-Ryan Center on Friday in recognition of a $10 million donation from venture capitalist Vincent Ryan.
Trump Administration Freezes More Than $2 Billion in Federal Funding to Harvard
The Trump administration paused $2.2 billion in multi-year grants and $60 million in multi-year contracts to Harvard over its decision earlier today to reject the White House’s demands — a dramatic escalation in its crusade against the University.