IRS move to revoke tax-exempt status would be 'unlawful', says Harvard

Quick Summary:

Why is Trump targeting Harvard and other universities and what's at stake?

An administration official, who asked not to be identified, said the White House views the university’s actions as a violation of its tax exempt status.

With a $53 billion endowment, Harvard has emerged as the highest-profile university to contest Trump’s attempts to force sweeping changes on higher education.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Antisemitism task force Higher education Endowment Harvard University Tax-exempt status Trump Financial aid IRS Student visas Research grants Federal funding University independence

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 11:08:53 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27960147

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