Trump Threatens Harvard's Funding, Forces Capitulation
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Harvard University is facing a financial crisis after President Trump froze $2.2 billion in federal aid and threatened its tax-exempt status due to the university's perceived 'woke' policies and handling of antisemitic incidents. Trump's actions, supported by the GOP Congress targeting endowments, leave Harvard with limited options. Harvard's substantial endowment, heavily invested in illiquid assets, cannot easily replace the lost funding. Facing potential further tax increases on endowment returns, Harvard is reportedly selling a portion of its private equity holdings, signifying a capitulation to Trump's pressure.
Harvard University is facing a financial crisis after President Trump froze $2.2 billion in federal aid and threatened its tax-exempt status due to the university's perceived 'woke' policies and handling of antisemitic incidents. Trump's actions, supported by the GOP Congress targeting endowments, leave Harvard with limited options. Harvard's substantial endowment, heavily invested in illiquid assets, cannot easily replace the lost funding. Facing potential further tax increases on endowment returns, Harvard is reportedly selling a portion of its private equity holdings, signifying a capitulation to Trump's pressure.
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