The Trump administration responded quickly to Harvard University’s defiance on Monday, freezing more than $2.2 billion in multi-year grants and contracts after the university rejected demands that it change hiring, admissions and other policies.
The Trump administration responded quickly to Harvard University’s defiance on Monday, freezing more than $2.2 billion in multi-year grants and contracts after the university rejected demands that it change hiring, admissions and other policies.
Based on some basic searches (deep research, obviously), Harvard can run off of just its endowment for almost 10 years. Add in forthcoming donations and investment returns along with some mild cost-cutting, and it seems like an easy bet on Harvard to outlast Trump… hopefully they don’t cave.
They can’t. It’s not just cash in a savings account. It’s hundreds of investments that have legal restrictions on the usage of the interest from those investments that regulate how it can be used.
That’s what I was thinking: how can Trump mess with their endowment?
So long as it’s an official act the Supreme Court says he can do anything he likes.