Trump administration pulls $60M in Harvard grants
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As the Trump administration halts about $2.7 billion in Harvard University funding, the school’s president is absorbing some of the financial impacts by taking a 25 % pay cut, according to a university spokesperson.
Harvard University’s president will have a smaller paycheck soon, due to his decision to take a 25 percent pay cut.
Harvard University is putting up $250 million of its own money to continue campus research amid a federal funding freeze imposed by the Trump administration, but the school’s president warns of sacrifices ahead.
The Trump administration's cuts to medical research grants have disrupted awards once backed by former President Joe Biden's "Cancer Moonshot" initiative.
Larry Bacow, who was president of Harvard University before Claudine Gay and current president Alan Garber, was the top earner at the institution with a total income of close to $3.1 million, according to the most recent tax filings sent to MassLive.
The Trump administration is following through on threats to terminate $2.7 billion dollars in federal grants and other funding at Harvard University, punishment for alleged antisemitism on campus. One professor called it "the academic equivalent of nuclear war.
One day after the Trump administration announced more federal grant cuts, Harvard's president is taking a pay cut.