President Donald Trump announced that his administration will move to revoke Harvard’s tax-exempt status after the Ivy League institution refused to comply with a series of federal directives and instead sued the government.
“We are going to be taking away Harvard’s Tax Exempt Status,” Trump wrote in a Truth Social post. “It’s what they deserve!”
The move comes after a months-long standoff between the Trump administration and Harvard, which has increasingly come under fire for its far-left ideological practices, skyrocketing DEI (Diversity, Equity, and Inclusion) bureaucracy, and perceived tolerance of antisemitism on campus.
Harvard, long a bastion of liberal academia, holds the largest university endowment in the nation—an astonishing $53 billion, bolstered by $2.4 billion in gains during the 2024 fiscal year alone. These funds have been built in large part due to its favorable tax status, something Trump now says the school no longer deserves.
We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!
From Donald Trump Truth Social 05/02/25 08:25 AM
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) May 2, 2025
The dispute centers around a letter sent to Harvard on April 11 by the Department of