Washington — President Trump said Friday his administration will be rescinding Harvard University’s tax-exempt status, further escalating the ongoing feud with the Ivy League school.
“We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” the president said in a post to Truth Social.
Mr. Trump did not provide further details about the effort to strip Harvard of its designation as a 501(c)(3) organization, but he has floated taking such a step as recently as last month.
Roughly 2 million organizations have received tax-exempt status from the Internal Revenue Service, including charities like churches, environmental groups and universities. The designation means the groups are exempt from paying federal income taxes and the IRS considers donations to 501(c)(3) organizations to be tax-deductible.
Mr. Trump’s decision is the latest in a series of moves targeting the university. His administration announced last month that it would be freezing $2.2 billion in grants and $60 million in contracts to Harvard after the university rejected a series of demands made by the administration. Among the conditions were for Harvard to discontinue its diversity, equity and inclusion programs, positions and initiatives, change its hiring practices and change its leadership.
After the Trump administration announced it would be freezing the funding to Harvard, the university sued and alleged the move was unlawful. It’s likely a withdrawal of Harvard’s tax-exempt status will prompt further legal action.
