Trump administration pulls $60M in Harvard grants
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The Trump administration's cuts to medical research grants have disrupted awards once backed by former President Joe Biden's "Cancer Moonshot" initiative.
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 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.
Harvard President Alan Garber has decided to take a 25 percent pay cut as the university faces multiple financial hits in its battle with the Trump administration. A spokesperson confirmed
One day after the Trump administration announced more federal grant cuts, Harvard's president is taking a pay cut.
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.