Particle.news
Download on the App Store
6 ARTICLES
·
1h ago

Harvard’s Endowment Climbs to $56.9 Billion as University Reports $113 Million Deficit

University leaders warn of tighter finances due to federal funding uncertainty.

Image
A pedestrian casts a shadow on a Harvard University sign after U.S. President Donald Trump said that his administration was close to a deal with Harvard University, in Cambridge, Massachusetts, U.S., September 30, 2025. REUTERS/Brian Snyder
Image
Image

Overview

  • Harvard Management Company reported an 11.9% return for fiscal 2025, lifting the endowment’s value to roughly $56.9 billion.
  • Current-use gifts hit a record $629 million, even as donations directly to the endowment edged down to $364 million.
  • The annual report showed a $113 million operating shortfall tied to higher costs, legal fees, and months of disrupted federal research funding.
  • To shore up liquidity, Harvard added about $1.2 billion in debt, including a $750 million bond in April, while most endowment funds remain restricted and distributions typically run near 5% annually.
  • The dispute with the Trump administration has curtailed research support and pressured international enrollment, with some grants restored as schools plan reductions including a projected 20% cut at the Medical School and potential losses at the Public Health School, and the university expects higher endowment taxes next year.