Harvard posts $113 million deficit for first time since 2020 despite booming endowment: Here’s why it’s not a win
Harvard reported a $113 million deficit for fiscal year 2025, its first since 2020, despite an 11.9% growth in its $56.9 billion endowment. The shortfall stemmed mainly from federal research grant suspensions under the Trump administration, rising expenses, and new endowment taxes. Although investment returns remain strong, these challenges highlight deeper financial risks and uncertainties for the university’s future funding stability.
Harvard reported a $113 million deficit for fiscal year 2025, its first since 2020, despite an 11.9% growth in its $56.9 billion endowment. The shortfall stemmed mainly from federal research grant suspensions under the Trump administration, rising expenses, and new endowment taxes. Although investment returns remain strong, these challenges highlight deeper financial risks and uncertainties for the university’s future funding stability.
