It’s fascinating how this story claims Harvard is ‘under attack’ from the Trump administration. Enforcing civil rights laws is an attack now?
MassLive reports:
Harvard University reports $113 million operating loss, its largest in 14 yearsHarvard University reported a $113 million operating loss — the institution’s first operating loss since the pandemic and largest loss in the past 14 years — in its financial report released Thursday.The loss comes despite over $600 million in gifts that can be spent immediately — the highest in Harvard’s history — and an 11.9% return on its endowment, according to the report, which looked at data up to June 30, 2025. The institution’s endowment increased to $56.9 billion from $53.2 billion.Harvard has been under attack from the Trump administration since April over a crackdown on its international students, research funding and a myriad of other issues. As part of two of the university’s lawsuits against the federal government, a judge ordered the Trump administration to reinstate the university’s nearly $3 billion in federal funding cuts. Since then, most of the university’s funding has been restored.“Even by the standards of our centuries-long history, fiscal year 2025 was extraordinarily challenging,” said Harvard’s President Alan Garber.“Our mission and our values will continue to guide us as we chart a course through what will no doubt be among the most difficult and demanding periods in the history of the University. Our work together will ensure that Harvard will not only endure but thrive,” he said.In comparison to this year’s $113 million operating loss, Harvard ended last year, fiscal year 2024, with an operating surplus of $45 million, a report showed.The university noted that the reason for losses was multilayered, in large part coming from federal government pressures, according to a statement from Ritu Kalra, vice president for finance and chief financial officer at the university, and Timothy R. Barakett, the treasurer.While the university came into the year with concerns about expenses outpacing revenues and inflation, the two said the fiscal year closed with the termination of Harvard’s federal funding, pressures and constraints from international students and an increase in endowment tax.
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