Harvard University is drawing an increasing share of its revenue from helping businesspeople beef up their résumés, giving America’s oldest institution of higher learning a lifeline as it ...

There is no legal basis to rescind Harvard’s tax-exempt status,” a Harvard University spokesperson told TIME in an emailed statement.

President Donald Trump on Friday said his administration will revoke Harvard University's tax-exempt status, escalating his previous threats against the Ivy League school and potentially expanding ...

Hedge fund billionaire Bill Ackman said it would be fair for Harvard University to lose its tax-exempt status, but he doesn’t think it will come to that. “Harvard became, over time, a ...

No U.S. president has questioned that exemption until now. President Trump on May 2 posted on Truth Social: “We are going to be taking away Harvard’s Tax Exempt Status.

Under IRC § 7428, a tax-exempt organization can seek declaratory relief in court if the organization takes all necessary administrative steps, and the IRS fails to act within 270 days.

Marie Sapirie, Harvard Has a Precedent Problem in Fight to Keep Exempt Status. It begins: President Trump’s musings about Harvard University possibly losing its tax-exempt status for failing to ...

Harvard’s tax-exempt status Right now, Harvard University pays $0 in property taxes to the city of Boston. It is among the 1,700 colleges and universities that are exempt from federal income taxes.