President Donald Trump on Friday said he would strip Harvard University of its tax-exempt status, as a battle between his administration and the Ivy League school continues.
“We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve,” Trump wrote in a post on Truth Social. He did not elaborate on the details, including when it may happen.
Some schools, religious organizations, charity groups, private foundations, and others can receive tax-exempt status if they meet 501(c)(3) nonprofit qualifications under the tax code established and enforced by the IRS.
The White House has threatened to pull funding from Ivy League schools over alleged anti-Semitism at campuses and for promoting diversity, equity, and inclusion (DEI) initiatives, among other measures. Harvard filed a lawsuit against the Trump administration over funding that was blocked....
