Overview

• Harvard University is issuing $750 million in taxable bonds, managed by Goldman Sachs, to safeguard its financial stability amidst federal funding uncertainty.
• The Trump administration has imposed compliance conditions, including restrictions on campus protests, as part of its crackdown on alleged antisemitism at universities.
• Harvard risks losing up to $9 billion in federal research grants and contracts if it fails to meet the government's demands outlined in a formal letter last week.
• This bond issuance is part of Harvard's broader financial strategy to maintain liquidity, alongside its $53 billion endowment and other borrowing mechanisms.
• The federal government has already frozen or canceled funding for other universities, such as Columbia and Princeton, as part of a nationwide review of campus policies and practices.