Harvard Details ‘Challenging’ Year as Fund Grows to $57 Billion

Harvard University revealed the strain of its fight with the Trump administration and continued pressure from rising expenses even as its vast financial resources helped cushion the blows.

The oldest and richest US college recorded a $113 million deficit for the fiscal year ended June 30, its first operating loss since 2020, according to a financial report released Thursday. Harvard’s endowment, which has been criticized for lackluster performance over the past decade, returned 11.9% and now stands at a record $56.9 billion, lifted by investments in private equity and stock markets.

Harvard has been under intense scrutiny this year from ...