With their endowment above $50 billion, combined with Federal plus Non-Federal sponsored revenue at 16% of operating budget, it makes sense to me they just forgo Federal funds and operate independently. If all 16% is canceled, then they'd need to draw an additional $1 billion per year from endowment at current budget levels. That would put them above 7% draw so potentially unsustainable for perpetuity, historically t…
Harvard affiliated hospitals are dependent on NIH funding for survival. Wonder if they are included in the scope of this.
That said, affiliated hospitals are not owned or operated by Harvard.
The affiliates could be pushed to drop their affiliation if NIH wanted to play hardball with Harvard.