Harvard Endowment Hits $68 Billion As 8% Endowment Tax Begins

Key Points

• Harvard’s endowment hit a record $68 billion after a 27.1% return in fiscal 2026.
• The new 8% endowment tax will cost Harvard about $300 million a year, roughly 14 times the federal grants and work-study its undergrads receive.
• Students and parents still borrowed $16.3 million, mostly to cover the share Harvard expects families to pay.