endowment tax increase

Stanford to cut $140 million from 2025-26 budget, lay off staff amid federal funding drop – Times of India

alishpagda08@gmail.com2 months ago06 mins

Stanford to cut $140 million from 2025-26 budget Stanford University announced on Thursday that it will reduce its 2025–26 academic year budget by $140 million, citing a sharp decline in federal research funding and the looming threat of an increased endowment tax. The financial adjustment marks a significant response to mounting external pressures, including grant…

Harvard Kennedy School lays off staff amid $53 billion endowment tax threat and federal funding cuts – Times of India

alishpagda08@gmail.com2 months ago06 mins

Harvard layoffs: Harvard Kennedy School (HKS) has announced staff layoffs and significant budget cuts as it grapples with financial pressures stemming from federal funding reductions and a looming tax increase on Harvard’s $53.2 billion endowment. The school’s dean, Jeremy M. Weinstein, conveyed the difficult news in an email to faculty and staff, describing the challenges…