Harvard’s endowment holds $7 million per student, still receives $550M from govt annually: report
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FoxNewscorrespondentAlexisMcAdamshasthelatestonquestionsoverfederalfundingon‘AmericaReports.’
FIRSTONFOX:AmidHarvard’sbattlewiththeTrumpadministration,whichhasalreadypulledbillionsinfederalfundingfromtheuniversityandfloatedtakingevenmore,fiscalwatchdogOpenTheBooksdecidedtotakeapeekathowmuchmoneythetop-tierIvyLeagueschoolactuallystandstolose.
Harvardhasreceivedatleast$4.4billioninfederalfundingthroughgrants,contracts,sub-grantsandsubcontractssincethefirstTrumpadministrationin2017,thewatchdogfoundthroughopen-sourceanalysisofgovernmentspendingrecordsandotherpubliclyavailabledata.Meanwhile,basedonthesenumbers,Harvardcollectedmoreinfederalgrantsandcontractsthantheystoodtogainthroughtuition,roomandboardinanygivenyear.
OpenTheBooksalsounearthedthatHarvard’s$53.2billionendowmenthasgrownby$14billion,or$2billionannually,since2018.Intotal,thetop-tierIvyLeagueschoolhasmorethan