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Trump Looks to Cut Another $1 Billion in Funding From Harvard University as School Builds War Chest
US President Donald Trump attends the annual White House Easter Egg Roll, on the South Lawn of the White House in Washington, DC, April 21, 2025. Photo: REUTERS/Leah Millis
The Trump administration may confiscate another $1 billion in federal funds previously appropriated to Harvard University over its allegedly breaching the confidentiality of negotiations on quelling campus antisemitism and reducing the institution’s left-wing bias, the Wall Street Journal reported on Sunday.
The move would intensify what has become a fight over the future of elite higher education, against which conservatives have lodged a slew of criticisms for decades. Their moment to take action has now arrived with the second term of US President Donald Trump, which coincides with a precipitous drop in public support for academia caused by an explosion of pro-Hamas demonstrations on campuses and the promotion of views which many Americans perceive as anti-meritocratic, anti-Western, and racist.
Earlier this month, the administration impounded $2.26 billion in Harvard’s federal funds over the institution’s refusal to agree to a wishlist of policy reforms that Republican lawmakers have long argued will make higher education more meritocratic and less welcoming to anti-Zionists and far-left extremists. Contained in a letter the administration sent to Harvard interim president Alan Garber — who subsequently released it to the public — the policies called for “viewpoint diversity in hiring and admissions,” the “discontinuation of [diversity, equity, and inclusion, or DEI, initiatives],” and “reducing forms of governance bloat.” They also implore Harvard to begin “reforming programs with egregious records of antisemitism” and to recalibrate its approach to “student discipline.”
More cuts may be forthcoming, the Journal reported, due to the Trump administration’s fury over Garber’s decision to publicize the letter, which was intended to be a private discussion between it and Harvard. Administration officials were reportedly planning to treat the university “more leniently” than other schools from which it has already confiscated billions before the policy list was released.
Harvard, however, has denied that it ever agreed to keep its correspondence with the multi-agency Task Force to Combat Anti-Semitism confidential. Meanwhile, the Trump administration believes “the school aimed to fight the entire time” and that it must now respond with more punitive measures to demonstrate its resolve to see a conflict with Harvard through to the end.
The administration is already taking action against the school in other ways. On Friday, the Department of Education announced that it is investigating Harvard’s foreign contributors, citing as cause the university’s alleged numerous failures to provide annual disclosures of gifts exceeding $250,000 as is required by the Higher Education Act of 1965.
“As a recipient of federal funding, Harvard University must be transparent about its relations with foreign sources and governments. Unfortunately, our review indicated that Harvard has not been fully transparent or complete in its disclosures, which is both unacceptable and unlawful,” US Secretary of Education Linda McMahon said in a statement. “This records request is the Trump administration’s first step to ensure that Harvard is not being manipulated by, or doing the bidding of, foreign entities, which includes actors who are hostile to the interests of the United States and American studies.”
She added, “We hope Harvard will respect its own motto and be truthful in its federal filings and foreign relationships.”
Harvard University has been cheered by progressives and criticized by conservatives over its refusal to enact the reforms proposed by the Trump administration.
Former US President Barack Obama lauded Garber for “rejecting an unlawful and ham-handed attempt to stifle academic freedom,” and former Harvard president Larry Summers, speaking to The Harvard Crimson, said that the school should spend down its $53.2 billion endowment fund to offset the federal government’s cuts.
Others, however, such as pro-Israel activist Shabbos Kestenbaum, expressed more opprobrious views of Harvard, accusing it of “fighting Trump harder than it ever fought antisemitism.” Christopher Rufo, a conservative author and resident scholar of the Manhattan Institute, said Trump “has every right to withhold funding” due to the university’s embrace of the DEI movement and holding of segregated graduation ceremonies.
Harvard’s so-called “resistance” is backed by its immense wealth, and the school has been drawing on its vast financial resources to build a war chest for withstanding Trump’s budget cuts since March, when it issued over $450 million in bonds as “part of ongoing contingency planning for a range of financial circumstances.” Another $750 million in bonds was offered to investors in April, according to The Harvard Crimson, a sale that is being managed by Goldman Sachs and Morgan Stanley.
A generous subsidy protects Harvard from paying exorbitant interest on the new debt, as investors can sell most bonds issued by educational institutions without being required to pay federal income tax. Other universities have resorted to borrowing as well, issuing what was reportedly a record $12.4 billion municipal bonds, some of which are taxable, during the first quarter of 2025. Among those which chose to take on debt are Northwestern University, which was defunded to the tune of $790 million on April 8. It issued $500 million in bonds in March. Princeton University, recently dispossessed of $210 in federal grants, is preparing an offering of $320 million, according to Forbes.
The strategy cannot be maintained indefinitely, Middle East expert and president of Scholars for Peace in the Middle East Asaf Romirowsky told The Algemeiner on Monday, noting that Harvard’s first bond offering fell short of its target by $15 million. He said that it is best, and cheaper, for Harvard, as well as other Ivy League institutions, to address the campus antisemitism crisis and “wokeness” on terms to which they and Trump can agree.
“Harvard and other elite colleges seem to feel that Trump is out to hurt them, but the fact of the matter is that they have refused to be introspective in assessing the quality of the product they produce,” Romirowsky explained. “It behooves everybody to find some kind of middle of the road if we are going to change and reform the institutions and give them time to clean themselves up.”
He continued, “Will Harvard survive? Of course, but it needs to reckon with the quality and caliber of its students and faculty, who are so ideologically disconnected from reality.”
Follow Dion J. Pierre @DionJPierre.
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Brooklyn Nets Select Israeli Basketball Players Ben Saraf, Danny Wolf in NBA Draft
The opening tip between the Brooklyn Nets and Washington Wizards, at Barclays Center, in Brooklyn, New York, Dec. 13, 2020. Photo: Wendell Cruz-USA TODAY Sports via Reuters Connect
In a landmark night for Israeli basketball, Ben Saraf and Danny Wolf were selected in the first round of the 2025 NBA Draft by the Brooklyn Nets, marking the first time two Israeli players have been drafted in the same year.
Saraf, a 19-year-old guard known for his explosive athleticism and creative playmaking, was taken with the 26th pick. A standout with Maccabi Rishon LeZion and a rising star on Israel’s youth national teams, Saraf gained international attention with his electrifying scoring and commanding court presence.
With the 27th pick, the Nets selected 7-foot center Danny Wolf out of the University of Michigan. Wolf, who holds dual US-Israeli citizenship and represented Israel at the U-20 level, brings a versatile skill set, including sharp passing, perimeter shooting, and a strong feel for the game. After his name was called, Wolf grew emotional in an on-air interview, crediting his family for helping him reach the moment.
“I have the two greatest brothers in the world; I have an unbelievable sister who I love,” Wolf said. “They all helped me get to where I am today, and they’re going to help me get to where I am going to go in this league.”
The historic double-pick adds to the growing wave of Israeli presence on the NBA stage, led by Portland Trail Blazers forward Deni Avdija, who just completed a breakout 2024–25 season. After being traded to Portland last summer, Avdija thrived as a starter, averaging 16.9 points, 7.2 rebounds, and 3.8 assists. In March alone, he posted 23.4 points, 9.8 rebounds, and 5.2 assists per game, including two triple-doubles.
“I don’t think I’ve played like this before … I knew I had it in me. But I’m not really thinking about it. I’m just playing. I’m just free,” Avdija told reporters in March
With Saraf and Wolf joining Avdija, Israel’s basketball pipeline has reached unprecedented visibility. Israeli President Isaac Herzog called the moment “a national celebration for sports and youth,” and Israeli sports commentators widely hailed the night as “historic.”
Both Saraf and Wolf are expected to suit up for the Nets’ Summer League team in July. As the two rookies begin their NBA journey, they join a growing generation of Israeli athletes proving that their game belongs on basketball’s biggest stage.
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Iran Denies Any Meeting With US Next Week, Foreign Minister Says
Iran’s Foreign Minister Abbas Araqchi attends a press conference following a meeting with Russia’s Foreign Minister Sergei Lavrov in Moscow, Russia, April 18, 2025. Photo: Tatyana Makeyeva/Pool via REUTERS
Iran currently has no plan to meet with the United States, Foreign Minister Abbas Araqchi said on Thursday in an interview on state TV, contradicting US President Donald Trump’s statement that Washington planned to have talks with Iran next week.
The Iranian foreign minister said Tehran was assessing whether talks with the US were in its interest, following five previous rounds of negotiations that were cut short by Israel and the US attacking Iran’s nuclear facilities.
The US and Israel said the strikes were meant to curb Iran’s ability to create nuclear weapons, while Iran says its nuclear program is solely geared toward civilian use.
Araqchi said the damages to nuclear sites “were not little” and that relevant authorities were figuring out the new realities of Iran’s nuclear program, which he said would inform Iran’s future diplomatic stance.
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Ireland Becomes First European Nation to Advance Ban on Trade With Israeli Settlements
A pro-Hamas demonstration in Ireland led by nationalist party Sinn Fein. Photo: Reuters/Clodagh Kilcoyne
Ireland has become the first European nation to push forward legislation banning trade with Israeli communities in the West Bank and East Jerusalem — an effort officials say is meant “to address the horrifying situation” in the Gaza Strip.
On Wednesday, Irish Foreign Affairs and Trade Minister Simon Harris announced that the legislation has already been approved by the government and will now move to the parliamentary Committee on Foreign Affairs and Trade for pre-legislative scrutiny.
“Ireland is speaking up and speaking out against the genocidal activity in Gaza,” Harris said during a press conference.
The Irish diplomat also told reporters he hopes the “real benefit” of the legislation will be to encourage other countries to follow suit, “because it is important that every country uses every lever at its disposal.”
Today Ireland becomes the first country in Europe to bring forward legislation to ban trade with the Occupied Palestinian Territories.
Ireland is speaking up and speaking out against the genocidal activity in Gaza.
Every country must pull every lever at its disposal. pic.twitter.com/Z4RTjqntEY— Simon Harris TD (@SimonHarrisTD) June 24, 2025
Joining a growing number of EU member states aiming to curb Israel’s defensive campaign against the Palestinian terrorist group Hamas, Ireland’s decision comes after a 2024 advisory opinion by the International Court of Justice (ICJ) declared Israel’s presence in the West Bank and East Jerusalem illegal.
The ICJ ruled that third countries must avoid trade or investment that supports “the illegal situation in the Occupied Palestinian Territory.”
Once implemented, the law will criminalize the importation of goods from Israeli settlements into Ireland, empowering customs officials to inspect, seize, and confiscate any such shipments.
“The situation in Palestine remains a matter of deep public concern,” Harris said. “I have made it consistently clear that this government will use all levers at its disposal to address the horrifying situation on the ground and to contribute to long-term efforts to achieve a sustainable peace on the basis of the two-state solution.”
“Israeli settlements in the Occupied Palestinian Territory are illegal and threaten the viability of the two-state solution,” the Irish diplomat continued. “This is the longstanding position of the European Union and our international partners. Furthermore, this is the clear position under international law.”
Harris also urged the EU to comply with the ICJ’s ruling by taking a more decisive and “adequate response” regarding imports from Israeli settlements.
“This is an issue that I will continue to press at EU level, and I reiterated my call for concrete proposals from the European Commission at the Foreign Affairs Council this week,” he said.
Last week, Ireland and eight other EU member states — Finland, Belgium, Luxembourg, Poland, Portugal, Slovenia, Spain, and Sweden — called on the European Commission to draft proposals for how EU countries can halt trade and imports with Israeli settlements, in line with obligations set out by the ICJ.
Israeli Foreign Minister Gideon Saar condemned the latest move by European countries, calling it “shameful” and a misguided attempt to undermine Israel while it faces “existential” threats from Iran and its proxies, including Hamas.
“It is regrettable that even when Israel is fighting an existential threat which is in Europe’s vital interest — there are those who can’t resist their anti-Israeli obsession,” the top Israeli diplomat said in a post on X.
It is regrettable that even when Israel fighting an existential threat which is in Europe vital interest – there are those who can’t resist their anti-Israeli obsession.
Shameful! https://t.co/lxm9qm8sM1— Gideon Sa’ar | גדעון סער (@gidonsaar) June 19, 2025
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