Tag: returned

Harvard says to keep stimulus grant after Trump vows it will be returned

WASHINGTON (Reuters) – Harvard University said it plans to keep an $8.6 million grant it received as part of a stimulus package to blunt the economic impact of the coronavirus lockdown, contradicting U.S. President Donald Trump who pledged the university would return it.

U.S. President Donald Trump reacts to a question from a reporter during the daily coronavirus task force briefing at the White House in Washington, U.S., April 21, 2020. REUTERS/Jonathan Ernst

Speaking at a press briefing on Tuesday, Trump pointed to the institution’s ample endowment – worth nearly $41 billion – as the reason why it should hand over the money.

“Harvard is going to pay back the money and they shouldn’t be taking it,” Trump said, adding that Harvard has one of the largest endowments “in the country, maybe in the world.”

In a statement issued moments after the briefing ended, however, Harvard said it planned “to

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