The United States President Donald Trump, has vowed to revoke Harvard University’s tax-exempt status, accusing it of promoting hate.
Trump made the declaration Friday, May 2, 2025, on his Truth Social platform, insisting Harvard deserves the punishment.
“We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Trump posted.
The announcement follows his administration’s freeze of $2.2 billion in grants to top Ivy League universities.
Trump earlier accused elite institutions of ignoring antisemitism and spreading political ideologies.
He warned that schools like Harvard must stop indoctrinating students with what he called ideological “sicknesses.”
The president emphasized that universities pushing hate and would face severe consequences, including loss of financial privileges.
Harvard has not responded publicly to Trump’s latest warning or the federal funding freeze.
Trump’s government claims Harvard failed to address antisemitism during recent campus protests and faculty controversies.
Tax exemption has helped Harvard build the largest university endowment in America.
The elite university’s endowment now stands at roughly $53 billion.
From that amount, Harvard reportedly earned $2.4 billion in the 2024 fiscal year.
The tax-exempt status allows universities to receive large donations from wealthy benefactors.
These donors often use charitable contributions to reduce their tax obligations.
Critics say Trump’s move politicizes education and threatens academic independence.
Supporters claim it will force universities to stay neutral and accountable.
Educational analysts say targeting tax exemptions could drastically impact Harvard’s finances and donor confidence.
Trump’s remarks have reignited debates about politics in education and elite institutional accountability.
Observers believe more elite schools may come under scrutiny in coming months.
A White House official confirmed that policy reviews on tax exemptions are already underway.
The Justice Department and IRS may be involved in evaluating compliance among major universities.
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