Here’s some good news: The Trump administration is asking the IRS to revoke Harvard’s tax-exempt status. Now you may be like me and be saying: Harvard is tax exempt?! Oh hell no. Tax the shit out of those people. Welcome aboard to the land of taxes you ivy league little pricks. But maybe it’s just me. Well, me and the Trump administration. Here’s hoping Harvard get the financial bitch slap it so richly deserves.
So, what’s going on with Harvard and the money? Well according to GROK: The Trump administration has requested that the IRS revoke Harvard University’s tax-exempt status following a series of confrontations regarding the university’s autonomy over its academic policies and its handling of anti-Semitism issues. This action, potentially costing Harvard billions, stems from the university’s refusal to comply with certain federal demands. That’s a nice summary. Thanks robot!
Is Harvard hard up for cash? Don’t they have endowments? Let’s find out!
Harvard University’s endowment is valued at $53.2 billion as of June 30, 2024. It’s the largest academic endowment in the world. Wow! How about that? So, after much thought and careful consideration, I would like to formally say “Screw them. Welcome to the world of taxes and financial reality.” Let’s find out how smart you are Harvard people!
Nope. Not going to lose a minute of peace over Harvard being introduced to reality. Figure it out.
