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Garber, Alan M.

Harvard Alumni Rally Behind University Amidst Trump's Funding Threat

Strategic Insights

— 1 min read

In response to University President Alan M. Garber's stern message against US President Donald Trump's proposed $2.2 billion funding cut, Harvard University witnessed a significant surge in alumni donations. Between Monday afternoon and Wednesday morning, nearly 4,000 online donations were made, with an impressive 88 donations per hour. The influx of donations was largely driven by small-dollar donors, with 47% directed to the Harvard College Fund and 77% for less than $250. This notable rally from Harvard's alumni network marks a much-needed buffer against the looming financial cuts.

Key Takeaways:

  • Harvard University received nearly $1.14 million in just two days following President Garber's email on Monday, which directly challenged President Trump's proposed $2.2 billion funding cut.
  • Between Monday afternoon and Wednesday morning, Harvard received nearly 4,000 online donations, with an impressive 88 donations per hour.
  • The surge in donations exceeded 1,000 gifts on Tuesday, a sharp contrast to the mere 37 donations received on Sunday, October 15, 2023.
  • 47% of the gifts were directed to the Harvard College Fund, and 77% of them were for less than $250.
  • The donations primarily came from smaller donors, showcasing the strong sentiment among Harvard alumni motivated by President Garber's bold stand against the funding cut.
  • Despite the financial challenges, including the risk of losing tax-exempt status and the ability to enroll international students, the recent wave of donations demonstrates the resilience of the university's alumni community.
  • No large donors have yet indicated a return, but the small and consistent support could provide a much-needed buffer against the looming financial cuts.

Statistics:

  • $1.14 million: total donations received by Harvard in two days
  • 4,000: total online donations made between Monday afternoon and Wednesday morning
  • 88: donations per hour
  • 47%: gifts directed to the Harvard College Fund
  • 77%: donations for less than $250
  • 1,000+: donations made on Tuesday
  • 37: donations received on Sunday, October 15, 2023

Sources:

  • The Harvard Crimson
  • Times Content

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