Harvard Has Become a Tax Shelter for Billionaires as Public Education Languishes
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On April 11, 2023, Harvard University announced that the billionaire hedge fund CEO Kenneth C. Griffin is donating $300 million to Harvard’s Faculty of Arts and Sciences to fund research and scholarship. Griffin will reduce his federal income tax bill by an estimated $110 million, according to the Los Angeles Times. As a faculty member at the flagship Massachusetts public university...