Johns Hopkins University is tapping into portions of its $13.2 billion endowment to support research amid significant federal funding cuts under the Trump administration. The university has reported the loss of 100 federal grants, totaling nearly $1 billion in funding this year alone. While federal officials believe universities should utilize their endowments, Hopkins emphasizes that much of its fund is legally restricted and cannot be easily accessed. They are, however, reallocating some available resources to sustain critical research efforts during these challenging times.
"While Trump and his allies have suggested universities can use their endowments to fund research, officials at Johns Hopkins said that's not so easy."
"It's a common misconception that universities can simply 'use the endowment' in moments like this. The reality is that most of our endowment is made up of legally restricted funds..."
"That said, we are using flexible resources-some of which are tied to endowment earnings-to help sustain critical research in this moment of uncertainty."
"Johns Hopkins estimates that it has so far lost 100 federal grants...approaching $1 billion in federal funding losses so far this year."
#johns-hopkins-university #federal-funding-cuts #research-funding #university-endowment #trump-administration
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