News

What Is Tax-Exempt Status and Can the I.R.S. Revoke It From Harvard?
The university, like many colleges and charities, is exempt from federal income and property taxes, saving it billions of ...
Trump says he’ll revoke Harvard’s tax-exempt status
The announcement from Trump comes after Fox News reported last week that his administration asked the Internal Revenue ...
The next potential weapon in Trump’s battle with Harvard: raising the tax levied on its $53 billion endowment
A bill in Congress would increase the endowment tax for Harvard and other schools to 21%, the equivalent of the corporate tax ...
Bill Ackman to Harvard: When A University Becomes A "Political Advocacy Organization," It Doesn't Deserve Nonprofit Status
Hedge fund manager Bill Ackman advised Harvard to treat President Trump's demands with respect and said the president is fair ...
Billionaire Harvard alum agrees school may need to lose tax-exempt status, calls for a 'change in leadership'
Billionaire Bill Ackman criticized Harvard University for failing to clamp down on antisemitic protests and agreed it needed ...