An endowment tax hitting Harvard University and MIT spares four wealthy small liberal arts schools. An unlikely ally was ...

U.S. President Donald Trump said on Friday his administration will revoke Harvard University's tax-exempt status, returning to a threat he issued against the Massachusetts school last month as part of ...

Neal Katyal, The Law Bars Trump From Threatening Harvard’s Tax Exemption. It begins: When Congress created the federal income tax in 1913, it excluded universities, recognizing that these ...

The tax exemption means that more of every dollar can go toward scholarships for students, lifesaving and life-enhancing medical research, and technological advancements that drive economic growth.

While 11 schools, including Princeton, MIT, Yale and Harvard. were hit with a higher tax on their endowments, Congress ...

The exemption also allows people to make tax-deductible donations to such organizations, a valuable source of income for colleges with wealthy alumni. Since a 2017 law, Harvard and other universities ...

Harvard tax exemption in peril May 8, 2025 by Richard A. Williams Special to the Democrat-Gazette If the Internal Revenue Service revokes Harvard's tax ...

Harvard University is in federal court in its ongoing battle with the Trump administration over more than $2 billon in ...

President Donald Trump has called for Harvard University to lose a valuable tax break, hours after his administration announced it is freezing more than $2bn (£1.5bn) in federal funds for the ...

Harvard is the oldest and richest U.S. university, with a $53 billion endowment and the school’s tax-exemption status is important for it to maintain a higher endowment. It allows the school to save ...