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Harvard Backs Down: University Says It Will Not Take Coronavirus Aid
Breitbart ^ | 4/22/20 | John Carney

Posted on 04/22/2020 2:19:21 PM PDT by Revel

Harvard University said it will not take the $8.6 million in aid with was granted as part of the U.S. government’s efforts to cushion the economic impact of the coronavirus lockdown, reversing itself and bending to U.S. President Donald Trump who said Tuesday that the university should not take the money.

“Harvard is going to pay back the money and they shouldn’t be taking it,” Trump said Tuesday at a White House press briefing.

Harvard said Tuesday that it planned to keep the money, promising to use it for student financial assistance but not for institutional costs.

On Wednesday, the university reversed itself. Harvard has an endowment worth nearly $41 billion, a fund so large that some have described it as “a hedge fund disguised as a university.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: coronavirus; corruption; education; fraud; harvard
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1 posted on 04/22/2020 2:19:21 PM PDT by Revel
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To: Revel

I’m not tired of winning, yet.


2 posted on 04/22/2020 2:21:14 PM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem)
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To: Jewbacca

In just after the not tired of winning yet post.


3 posted on 04/22/2020 2:24:28 PM PDT by SteveH
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To: Revel

WINNING.


4 posted on 04/22/2020 2:25:01 PM PDT by pinkandgreenmom
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To: Revel

Shine a light on a rat and it runs.

Looks kind of bad when Harvard is sitting on $41B and it is terminating hourly employees.


5 posted on 04/22/2020 2:25:16 PM PDT by Flick Lives (A liberal is someone who worries that somewhere, someone is enjoying life.)
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To: Revel
Harvard has over $40 BILLION in endowment money. $9 million is less than pocket change for them.
6 posted on 04/22/2020 2:25:30 PM PDT by RayChuang88 (FairTax: America's Economic Cure)
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To: Revel

The more their huge endowment is in the news, the worse it is for them.


7 posted on 04/22/2020 2:25:34 PM PDT by rightwingcrazy (;-,)
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To: Revel

They didn’t do this willingly, I’m sure. Thanks for posting!


8 posted on 04/22/2020 2:26:24 PM PDT by Golden Eagle (Was the missing link between RATG13 and COVID-19 in the Wuhan Lab?)
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To: Revel

Gee, I could swear many liberals were posting that Harvard never was awarded any monies.


9 posted on 04/22/2020 2:26:50 PM PDT by CodeToad (Arm Up! They Have!)
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To: Revel

40 BILLION dollar endowment fund. There’s your relief right there.


10 posted on 04/22/2020 2:27:35 PM PDT by BBQToadRibs
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To: Golden Eagle

Makes you wonder who is behind the scenes.


11 posted on 04/22/2020 2:27:49 PM PDT by Sacajaweau
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To: Revel

Winning!
12 posted on 04/22/2020 2:28:25 PM PDT by conservative98
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To: Revel

$8 million is a drop in the bucket to Harvard, but it could do a lot of good for people who couldn’t even afford a walking tour of the campus. Good to see the Harvard fatheads had enough shame left to decline the money.


13 posted on 04/22/2020 2:28:27 PM PDT by AnotherUnixGeek
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To: conservative98

Good job


14 posted on 04/22/2020 2:29:49 PM PDT by Guenevere (Press On!)
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To: Revel

“a hedge fund disguised as a university.”


15 posted on 04/22/2020 2:34:25 PM PDT by MarvinStinson
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To: Revel

“Feh! It’s a hassle to process! Will just sip from our monthly interest.”


16 posted on 04/22/2020 2:35:56 PM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: MarvinStinson

bttt


17 posted on 04/22/2020 2:36:50 PM PDT by timestax
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To: Revel

Liberal academia twisting in the wind....love it.


18 posted on 04/22/2020 2:38:54 PM PDT by EagleUSA
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To: Revel

They didn’t want their endowments to be investigated


19 posted on 04/22/2020 2:40:59 PM PDT by Citizen Soldier
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To: Citizen Soldier

Gore, Mark Sucklebird, Barak and Michelle....


20 posted on 04/22/2020 2:43:55 PM PDT by Sacajaweau
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