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Harvard finally agrees to return coronavirus relief millions
Shamed by OrangeManBad, they finally had to cough it up[NY Post] After mounting pressure from President Trump and many others, heavily endowed Harvard University finally caved on Wednesday and said it would return the $8.6 million in coronavirus relief it received from the federal government. "Harvard will not accept funds from the CARES Act Higher Education Emergency Relief Fund. Like most colleges & universities, Harvard has been allocated funds as part of the CARES Act. Harvard did not apply for this support, nor has it requested, received or accessed the funds," the school tweeted. But the Ivy League school ‐ which has an endowment of $40.9 billion ‐ also bemoaned the political pressure. "We are concerned that intense focus by politicians & others on Harvard in connection with the program may undermine participation in a relief effort Congress created & the president signed into law for the purpose of helping those whose financial challenges may be most severe," Harvard whined. "As a result of this, and the evolving guidance being issued around use of the Higher Education Emergency Relief Fund, Harvard has decided not to seek or accept the funds allocated to it by statute." The university had earlier said it would not return the funds, and stressed that it had not gotten any cash from the Paycheck Protection Plan, created to help small businesses struggling to survive during the pandemic. Instead, the upper-crust school had argued, it applied for and received money from another fund specifically geared to colleges and universities. "President Trump is right that it would not have been appropriate for our institution to receive funds that were designated for struggling small businesses," the school tweeted before the about-face. "Like most colleges and universities, Harvard has been allocated funds as part of the CARES Act Higher Education Emergency Relief Fund." Related: Harvard: 2020-04-21 Coronaplague roundup Harvard: 2020-04-20 Harvard Law Prof Calls for Ban on Homeschooling, Saying It's 'Dangerous' to Leave Children with Their Parents 24/7 Harvard: 2020-04-20 Harvard Professor Wants A ‘Presumptive Ban‘ On Homeschooling, Claims It Promotes White Supremacy Posted by: Frank G 2020-04-23 |
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