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The Trump administration's threats against Harvard University include freezing billions in federal funds, revoking its non-profit status, and barring foreign students. This impacts Harvard's $6.5 billion budget, which relies heavily on federal grants and student tuition. While Harvard possesses a $53.2 billion endowment, accessing these funds is complex due to restrictions and illiquid assets. The university faces potential layoffs and reduced research funding, highlighting the far-reaching consequences of these actions. Harvard has seen a surge in donations but it is unlikely to offset the potential loss in federal funding.

Prepared by Emily Rhodes and reviewed by editorial team.