The park spans 375 hectares with visitors able to watch surfers attempt the Eisbach wave on the Eisbachwalle River, or enjoy spectacular views from the Monopteros, a small Greek temple folly at the top of a hill. 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.’ 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.
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’ His remarks came shortly after Education Secretary Linda McMahon sent a letter to Harvard President Garber saying that ‘Harvard is not eligible for get private tutor any new grants from the federal government until they demonstrate responsible management at the university.’ ‘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.
‘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. He has since also called out Trump’s plans to remove the school’s tax-exempt status, which he told the Wall Street Journal is ‘granted to educational institutions to enable them to successfully carry out their mission of education and, for research universities, of research.
‘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.’ ‘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. ‘If this were any other kind of corporation, the notion that she’s still chairman of Harvard, leading the charge here and, in terms of Harvard, managed everything from COVID…
to endowment management, to waste, to free speech, to who they hired as president of the university… It’s time for a change in leadership in the board at Harvard.’ 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 online tutoring for reading future research grants and other aid until Harvard concedes to a number of demands from the Trump administration. ‘They have become monolithically leftist and that DEI ideology connects to the anti-Semitism problem because they’re teaching young people to make snap judgments about each other based on identity and skin color,’ the senior official said.
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