• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsColleges and Universities

Harvard says it will put $250 million into funding ‘critical research’ as Trump administration grants slash reaches $2.6 billion

By
AFP
AFP
Down Arrow Button Icon
By
AFP
AFP
Down Arrow Button Icon
May 15, 2025, 5:26 AM ET
Tour groups walk past the statue of John Harvard in Harvard Yard on May 2, 2025.
Tour groups walk past the statue of John Harvard in Harvard Yard on May 2, 2025.John Tlumacki—The Boston Globe via Getty Images

Harvard University says it will plough $250 million into funding “critical research” after the US government announced fresh budget cuts to the elite school.

Recommended Video

Federal agencies are slashing $2.6 billion in grants to Harvard, citing discrimination at one of the world’s top universities.

Harvard has taken the Trump administration to court over what it calls an unlawful attempt to control aspects of the university’s operations.

“Although we cannot absorb the entire cost of the suspended or canceled federal funds, we will mobilize financial resources to support critical research activity for a transitional period ,” said Harvard President Alan Garber and Provost John Manning in a joint statement on Wednesday.

They said the university would “continue to work with our researchers to identify alternative funding sources.”

The statement slammed the “unlawful freeze and termination” of grants which were “stopping lifesaving research and, in some cases, losing years of important work.”

Harvard is the wealthiest US university with an endowment valued at $53.2 billion in 2024.

The Ivy League institution has drawn Trump’s ire by refusing to comply with his demands that it accept government oversight of its admissions, hiring practices and political slant.

That prompted the Trump administration last month to freeze $2.2 billion in federal funding, with a further $450 million in cuts announced on Tuesday.

The White House is cracking down on US universities on several fronts, justified as a reaction to what the administration says is uncontrolled anti-Semitism and a need to reverse diversity programs aimed at addressing historical oppression of minorities.

It has also moved to revoke visas and deport foreign students involved in protests against the war in Gaza, accusing them of supporting Palestinian militant group Hamas.

Trump’s claims about diversity tap into long-standing conservative complaints that US university campuses are too liberal, shutting out right-wing voices and favoring minorities.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By AFP
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

cornhole
LawCrime
Quadruple amputee cornhole champion charged with murder, American Cornhole League declines to comment
By Audrey McAvoy and The Associated PressMarch 25, 2026
2 hours ago
judge
LawSocial Media
Yes, Mark Zuckerberg’s social media products are harmful for children, New Mexico jury finds
By Barbara Ortutay, Kaitlyn Huamani and The Associated PressMarch 25, 2026
2 hours ago
Larry Fink, chief executive officer of BlackRock Inc., during BlackRock's 2026 Infrastructure Summit in Washington, DC, US, on Wednesday, March 11, 2026.
EconomyIran
Larry Fink says the Iran war ends in one of two extremes: Abundance, growth, and oil at $40 a barrel—or global recession and years of oil at $150
By Eleanor PringleMarch 25, 2026
3 hours ago
EnergyMarkets
On Iran, Trump is open to a deal but he also has ‘a fist, waiting to punch you in the [expletive] face,’ White House insider says
By Jim EdwardsMarch 25, 2026
3 hours ago
C-Suitegeopolitics
‘We’ve become like Europe’: Jamie Dimon warns China is beating the U.S. as he says Iran war means a ‘better chance’ of permanent Middle East peace
By Marco Quiroz-GutierrezMarch 25, 2026
7 hours ago
Man with glasses wearing a black collared shirt
LawDonald Trump
‘Attempted corporate murder’: Judge calls on Anthropic and Department of War to explain dispute over supply chain risk 
By Amanda GerutMarch 24, 2026
13 hours ago

Most Popular

Magazine
The youngest-ever female CEO of a Fortune 500 company is fighting Trump's cuts to keep Medicaid strong
By Fortune EditorsMarch 24, 2026
1 day ago
Commentary
The Treasury just declared the U.S. insolvent. The media missed it
By Fortune EditorsMarch 23, 2026
2 days ago
Success
Palantir’s billionaire CEO says only two kinds of people will succeed in the AI era: trade workers — ‘or you’re neurodivergent’
By Fortune EditorsMarch 24, 2026
23 hours ago
Energy
Nobel laureate Paul Krugman calls it 'treason': $580 million in suspicious oil futures traded minutes before Trump's Iran reversal
By Fortune EditorsMarch 24, 2026
20 hours ago
Economy
It took 200 years for national debt to hit $1 trillion. Annual interest alone now exceeds that—a 'crushing legacy we must reverse,' says budget chair
By Fortune EditorsMarch 23, 2026
2 days ago
Personal Finance
Current price of oil as of March 24, 2026
By Fortune EditorsMarch 24, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.