Harvard University President Alan Garber has announced a voluntary 25 percent salary cut for the fiscal year 2026, beginning July 1, in response to nearly $3 billion in cuts to federal funding by the Trump administration. This follows a previous pay reduction in 2020 related to COVID-19 financial strains. In addition to Garber's cut, other university leaders will make voluntary contributions and non-union faculty will forgo merit pay raises. The university faces ongoing financial scrutiny and has initiated a hiring freeze amid litigation against federal funding cuts.
Alan Garber, Harvard University's president, announced he will voluntarily cut 25 percent of his salary for the fiscal year 2026 due to significant federal funding reductions.
The university community faces financial challenges, with non-union faculty and staff foregoing merit pay increases while seeking to reassess spending in light of funding cuts.
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