9 Hrs
Source:
The Boston Globe
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Harvard Endowment Hits 68b Amid Staff Losses
Harvard University's endowment grew to $68 billion with a nearly 20 percent increase driven by stock market gains, allowing the school to end the fiscal year with a $100 million surplus. Despite financial growth, the university implemented staff restructuring across its 12 schools to address a $365 million deficit, resulting in layoffs and a hiring freeze. Harvard faces upcoming federal tax increases on its endowment and ongoing legal and financial challenges related to the Trump administration.
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