Harvard posts $113 million deficit despite 12% endowment growth. (AP Photo)
Federal grant suspensions hit Harvard’s finances
Cost-cutting measures amid rising expenses
Endowment growth and future challenges
Here’s why the deficit is not a win
Harvard University has reported a $113 million operating deficit for the fiscal year 2025, marking its first budget shortfall since 2020. This comes despite a strong 11.9 percent growth in the institution’s endowment, which reached $56.9 billion. The report reveals a complex financial situation, driven largely by federal funding disruptions rather than a decline in investment returns.The deficit represent
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