From the Harvard Crimson: Harvard will attempt to issue $675 million in tax-exempt bonds — its third major debt sale in just over a year — according to a preliminary official statement released [last] Friday. The bond sale comes as Harvard faces a turbulent financial landscape and mounting financial pressure from the federal government. The University reported an operating loss of $113 million last year — its first budget deficit since the pandemic — a 1.7 percent operating shortfall on $6.7 billion in total revenue and a sharp reversal from the previous year’s $45 million surplus.
The preliminary statement acknowledges the Trump administration’s decision to halt billions in research funding, as well as an increased endowment tax projected to cost the University roughly $200 million annually. “While the financial impact on the University resulting from the totality of potential developments at the federal level cannot be quantified at this time, any such developments may, directly or indirectly, have a material adverse effect on the current and future financial profile and operating performance of the University,” the statement reads...
Full story at https://www.thecrimson.com/article/2026/3/30/bond-sale-750m-2026/.
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