The famous gift of Harvard will help tolerate a point against Trump. ‘$ 3 billion is not a bank account’

As President moves to Donald Trump It exceeded $ 2.2 billion in Federal Financing From the University of Harvard reject In accordance with a non-constitution, some of them say some of them should just hit Harvard $ 53 billion gift to make a deficiency. But the higher education is not as simple as a few back to a few financial specialists.

The posture between Trump and Harvard, the White House, the higher education, including schools, and wanted to dictate what they hired schools. Last week, experience for international student admission, experience, capital and access to experimental, capital and entry programs, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, Employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, employees, changed the inspection programs.

“Regardless of the government, which sides may adopt private universities and can hire and what education and survey areas,” Harvard President Alan Garber, wrote in response.

Almost immediately, the White House, several federal financing, the university used to investigate the work and other actions To cancel the tax freedom of the enterprise and $ 7 billion worth $ 7 billion from associated hospitals.

When the famous gift of the famous gift of Harvard is used, Sandy Baum, a non-resident head in the city institute, which specializes in the financing of higher education, Sandy Baum says.

“When you hear the size of Harvard’s sensitivity, it sounds like this, what can they do?” says Baum. “This is not true. It is not a $ 50 billion bank account.”

But there are some options for school, he says.

“The goal of the target is to allow Harvard to succeed as an educational institution. Since this success is threatened to make all decisions, Harvard needs to protect himself,” he says. “It doesn’t have better use for the giving funds.”

What a White House, what Harvard replied Fortunedesire to comment on the issue.

What is Harvard’s sensitivity?

A gift is a permanent investment fund consisting of other investments in other investments set to fund for shares, or other investments in shares, bonds or other investments, eternity (in Harvard’s work, teaching and research work). However, most of the funds in a hindrement come from donations with special strings that money can be used; It’s just a giant money, but different goals do not consider many different individuals for different purposes. Harvard says Its sensitivity consists of more than 14,000 funds.

Helps finance things like interest, professority, financial aid programs and scientific research. For the financial year ended in June 2024, Harvard’s sensitivity for $ 2.4 billion or more than a third of the organization’s general operating income, according to school. Harvard’s financing comes from federal and non-federal research grants, student education and fees and other donations. 11% of the income comes from the federal government, conducts research on things such as AIDS and cancer.

The majority of the funds that make up Harvard’s sensitivity should be spent in accordance with the conditions provided by the donor for the majority, special programs, departments or purposes. The payment from these funds may only support the designated purpose of the Fund.

The last 20% of Harvard is unlimited, ie the university has more expansion to how these funds can use. The vast majority depends on special programs, departments or purposes; 80% of Harvard’s 12 school (health, law, medicine, education, education, etc.) are related to one. Saying all this, Baum said that Harvard was more leeway than this split.

“There is money for emergencies and this is something urgent,” he says. “The meaning of Harvard is really clear, we can use some sources to protect ourselves proud of ourselves as an educational institution we are proud of.”

It says something urgent, because Harvard agrees to the list of requirements of the Trump Administration, it will not be available as the same enterprise. To protect the school independence, it may be possible to spend some other funds that will never want to spend another.

He said that difficult choices should still be done. $ 2.2 billion, funded for research laboratories and work, should be reduced. School, several other measures taken, including recruiting freezing and He wanted to collect $ 1.2 billion in the bond market. Baum says that you have the ability to take money and sell other assets.

Again, these are the short-term play, Baum says. All the federal dollars of the university are unlikely to replace a long time. With a legal battle with a federal government, it is likely to take into account these expenses in the horizon. Although Harvard is a great gift, many different parts are a large body of hospitals, research laboratories and more graduate students than more than the peers.

“I do not want a research that they do not want to lose laboratories, but can lose several research labs and can continue to be a Harvard University,” he said. “However, if they had to do everything in the list of these requirements, they would not really be the same.”

This story was first displayed Fortune.com

Source link