Gifts specifically to Harvard’s endowment fell by 34 percent, dropping to $368.1 million from $560.6 million the year before. However, the school’s investment fund still gained 9.6 percent for the fiscal year, bringing its total value to $53.2 billion — the largest academic endowment in the world.

Harvard University president Claudine Gay resigned at the beginning of 2024, after she and other presidents of Ivy League schools were widely criticized for their congressional testimony about antisemitism on campus.

Harvard and its endowment saw donations decline by about $150 million over the past year after a controversy over the administration's handling of antisemitic protests on campus.

Harvard's donations have plummeted in the wake of the school administration's controversial response to anti-Israel protesters.

Total philanthropic contributions fell by 14 percent in fiscal year 2024 as several billionaire donors publicly severed ties with Harvard over its response to campus antisemitism.

Donations to Harvard University fell nearly 15% in a year when some high-profile donors said they would stop giving money to the school over its handling of antisemitism on campus. Harvard said in a financial report Thursday that it received $1.