Overview

• Stanford leaders cited uncertainty over NSF and NIH funding and a House-passed proposal for a 21% endowment tax as drivers of the budget decision.
• The $140 million reduction applies to the general operating budget and does not include the School of Medicine, which will develop its own cuts.
• Staff layoffs are expected to achieve part of the savings, building on a hiring freeze implemented in February.
• An increased endowment payout aims to provide departments with immediate financial support amid federal policy shifts.
• Unit heads must finalize detailed budget plans under new principles that protect core research, education missions and need-based student aid.