Harvard Donations Slide 15% as School Warns of Rising Costs (1)

Harvard University’s donations tumbled the most in nine years amid a surge in alumni anger over the school’s handling of antisemitism on campus, and its top financial official sounded a warning on rising costs.

Cash gifts fell 15% to less than $1.2 billion during the fiscal year ended June 30, Harvard said in a financial report Thursday. Some of the largest donors, including billionaires Len Blavatnik and Ken Griffin, have paused donations to their alma mater over the past year, as did other less-wealthy graduates.

A gate to Harvard Yard.

Photographer: Scott Eisen/Getty Images North America

Harvard’s endowment picked up some of the slack as the oldest ...