Harvard University’s budget surplus has significantly decreased, shrinking to $45 million—just one-eighth of its size from the previous fiscal year.
This marked decline comes amid a turbulent period for the university, which included leadership changes, protests over the Israel-Hamas war, and donor withdrawals.
Despite these challenges, Harvard’s financial stability was largely maintained due to its substantial endowment, which grew by 9.6%, reaching over $53 billion—an increase of $2.5 billion from the prior year. Both the university’s revenue and expenses saw increases as well.
In comparison to other Ivy League institutions, Harvard’s endowment growth rate trailed behind Columbia University’s 11.5% and Brown University’s 11.3%. However, the 9.6% gain is a notable improvement over Harvard’s 2.9% growth rate from the previous year.
With input from Axios.
