Home » Harvard’s endowment holds $7 million per student, still receives $550M from govt annually: report

Harvard’s endowment holds $7 million per student, still receives $550M from govt annually: report

Harvard’s endowment holds $7 million per student, still receives $550M from govt annually: report

 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