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Story summary
- Harvard reported a record $68 billion endowment after a 27 percent investment return.
- Harvard posted a $100 million operating surplus, a 1.5 percent margin on $6.7 billion revenue.
- Unrestricted funds showed a $78.7 million shortfall for general operations.
- Harvard laid off dozens of Faculty of Arts and Sciences staff to address a $365 million division deficit.
- Federal research revenue fell nearly 20 percent to $506 million in fiscal year 2026.
