Diamond Member Pelican Press 0 Posted May 2, 2025 Diamond Member Share Posted May 2, 2025 This is the hidden content, please Sign In or Sign Up Trump says his administration is revoking Harvard’s tax-exempt status Harvard, White House in court over funding Harvard, Trump administration have court hearing over funding threats 02:30 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 This is the hidden content, please Sign In or Sign Up 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 This is the hidden content, please Sign In or Sign Up 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. Melissa Quinn Melissa Quinn is a politics reporter for CBSNews.com. She has written for outlets including the Washington Examiner, Daily Signal and Alexandria Times. Melissa covers U.S. politics, with a focus on the Supreme Court and federal courts. This is the hidden content, please Sign In or Sign Up #Trump #administration #revoking #Harvards #taxexempt #status This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/239510-trump-says-his-administration-is-revoking-harvard%E2%80%99s-tax-exempt-status/ Share on other sites More sharing options...
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