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‘The Trump administration won’t stand by as taxpayer dollars are used to support colleges that tolerate anti-Semitism or that support racist policies,’ the official continued during a call with reporters Monday night. ‘Harvard became, over time, a political advocacy organization for one party,’ he claimed. ‘When a university goes from being a university to becoming a political advocacy organization, it doesn’t deserve nonprofit status.’ Ackman, the founder and CEO of Pershing Square, made similar arguments on Tuesday, when he said Harvard should not be entitled to taxpayer funds when the school wastes money on what he calls ‘administrative bloat’  He then again hit out at the school’s governing board, saying it has become insular and that there is no mechanism to remove members the way there is in corporate America where investors can run board challenges.

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers. ‘Harvard should be a place where students go to learn and the best research gets done,’ Ackman continued. ‘It shouldn’t be a place that is allowing pro-terrorist organizations on campus, that only allows certain kinds of thinking and speech on campus.

‘They have lost all future grants, their tax exemptions are at risk,’ Ackman said on a panel at the Milken Institute Global Conference where 5,000 financiers, educators and scientists gather to discuss critical issues of the day. He has since asked the Internal Revenue Service to remove the school’s tax-exempt status, and on Monday, Trump’s Department of Education announced it was freezing even more funding for future research grants and other aid until Harvard concedes to a number of demands from the Trump administration.

For these grants to be re-issued, a senior Education Department official said Harvard ‘would have to enter into a negotiation with the government to satisfy what the government says is in compliance with all federal laws.