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Steve Kerr wore a Harvard basketball shirt Tuesday, one day after President Trump announced a funding freeze for the school related to antisemitism on campus.
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Harvard has an endowment of over $50 billion. So why do federal cuts of a few billion matter? CNNTrump Threatens Harvard's Ability to Enroll International Students WSJTrump administration escalates pressure campaign on Harvard with review of foreign donations, sweeping records request The Boston GlobeResearch Funding Harvard UniversityPride and Dread in Harvard Yard as Trump Wars With the University The New York Times
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The university, like many colleges and charities, is exempt from federal income and property taxes, saving it billions of dollars. President Donald Trump has questioned whether it should enjoy that status.
The post What is tax-exempt status and can the IRS revoke it from Harvard? appeared first on Boston.com.
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