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Taxpayers shoveled nearly $700 million into Harvard’s coffers in 2023

Despite boasting nation’s largest endowment

Harvard University received hundreds of millions of dollars from taxpayers in fiscal year 2023, despite boasting the nation’s largest endowment.

In FY 2023, the federal government gave $676 million to the university for research, which is an increase of $34 million from FY 2022, when it received $642.1 million, according to the university’s financial statements. While receiving huge grants from the federal government, Harvard boasts the largest endowment of any higher education institution in the U.S. at $50.9 billion as of FY 2023, which is up from $39.2 billion in 2018.

In FY 2023, Harvard enrolled 25,266 students in all 12 of its schools, only gleaning $1.3 billion in the form of tuition despite having $5.9 billion in expenses, according to the university’s financial statements. The university claims that 6% of student financial aid comes from federal government aid initiatives and other outside sponsors, while the other 94% comes from university sources.

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7 thoughts on “Taxpayers shoveled nearly $700 million into Harvard’s coffers in 2023”

  1. Glad there are major CEOs out there who want names of those co-eds as well as just giving the Ivy league the middle finger. Seems the elite are not that bright and will have a huge debt to pay.

    Yuck yuck yuck

    1. With the amount of federal money poured into universities, there’s no doubt some was spent on collages, mostly done in art classes.

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