Harvard University's Financial Report for 2025

 Here is Harvard's Financial Report FISCAL YEAR 2025 

Here's the first paragraph of the Message from the President; 

"Message from the President
I am pleased to submit Harvard University’s financial results. Even by the standards of our centuries-long history, fiscal year 2025 was extraordinarily challenging, with political and economic disruption affecting many sectors, including higher education. Following the termination of federal research funding awarded to Harvard, an act the US District Court has since found to be unlawful, the University committed $250 million in contingency funding, which the Schools supplemented with additional funding. To focus our resources on the University’s core mission of teaching, learning, and research, we made difficult but necessary choices. We announced a hiring freeze and painful layoffs, kept salary increases flat for exempt employees, and scaled back projects and expenditures ."

 

Here are the first paragraphs of the Financial Overview:

"Fiscal year 2025 tested Harvard in ways few could have anticipated.
 

"We began the year with challenges already in view: expenses rising faster than revenues, inflationary pressures amid broader economic uncertainty, and the ongoing work of renewing and rebuilding our
community. We closed it confronting the abrupt termination of nearly all of Harvard’s federal research grants, facing potential constraints on the exchange of international scholars, and considering how we will absorb the enactment of a substantial increase to the federal tax on endowment income, scheduled to take effect in fiscal 2027.
 

"All of these developments have raised new questions about the financial foundations of higher education and underscore a shifting federal policy environment that will shape the future. 

"The consequences of these shifts are only beginning to be felt. Harvard ended the year with a $113 million deficit, a -1.7% margin on a $6.7 billion operating revenue base."