Harvard Says Will Keep Lockdown Grant After Trump Says It Will Return It

Trump said late on Tuesday that Harvard’s endowment system should be looked at. (FILE)

Washington:

Harvard University said it plans to keep an $8.6 million grant it received as part of a stimulus package to blunt the economic impact of the coronavirus lockdown, contradicting US President Donald Trump who pledged the university would return it.

Speaking at a press briefing on Tuesday, Trump pointed to the institution’s ample endowment – worth nearly $41 billion – as the reason why it should hand over the money.

“Harvard is going to pay back the money and they shouldn’t be taking it,” Trump said, adding that Harvard has one of the largest endowments “in the country, maybe in the world.”

In a statement issued moments after the briefing ended, however, Harvard said it planned “to direct 100% of the funds to financial assistance to students, and will not be using any of the funds to cover institutional costs.”

Trump said late on Tuesday that Harvard’s endowment system should be looked at.

“Harvard should give back the money now. Their whole “endowment” system should be looked at”, the US president said in a tweet, which did not give further details

The university said it received the grant through the educational relief program that was part of the $2.3 trillion stimulus passed at the end of March, which also included a much larger fund aimed at helping small businesses.

That fund has been riddled with controversy, including an outcry over disclosures that larger companies received bailout funds while many small businesses, among the hardest hit by the coronavirus crisis, still await aid.

As US states issued sweeping stay-at-home orders to slow the spread of the highly infectious coronavirus, businesses have shuttered and 22 million Americans have filed for unemployment.

On Monday, hamburger chain Shake Shack Inc said it would return the small business loan it received from the government, the first major firm to hand back money.

On Tuesday, US Treasury Secretary Steve Mnuchin said “very clear guidelines” would be released to clarify what companies are eligible for the stimulus funds.

“The intent [of the program] was not for companies that have access to plenty of liquidity and other sources,” he said. “To the extent these companies didn’t understand this and they repay the loans, that will be OK. And, if not, there will be potentially other consequence,” he said.

More aid may be coming soon. The US Senate on Tuesday approved $484 billion in fresh relief for U.S. businesses and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage later this week.

World

25,63,480Cases

17,04,478Active

6,81,582Recovered

1,77,420Deaths

Coronavirus has spread to 185 countries. The total confirmed cases worldwide are 25,63,480 and 1,77,420 have died; 17,04,478 are active cases and 6,81,582 have recovered as on April 22, 2020 at 7:56 am.

India

19,984 1383Cases

15,474 715Active

3,870 618Recovered

640 50Deaths

In India, there are 19,984 confirmed cases including 640 deaths. The number of active cases is 15,474 and 3,870 have recovered as on April 22, 2020 at 8:00 am.

State & District Details

State Cases Active Recovered Deaths

DistrictCases

Mumbai173

Pune51

Mumbai Suburban41

Sangli24

Nagpur15

Thane14

Ahmednagar11

Raigad5

Palghar5

Buldhana4

Yavatmal4

Satara2

Kolhapur1

Jalgaon1

Nashik1

Aurangabad1

Ratnagiri1

Gondia1

Sindhudurg1

Details Awaited*4862

5218 552

4245 383

722 150

251 19

DistrictCases

Ahmadabad32

Surat10

Gandhinagar9

Vadodara9

Rajkot7

Bhavnagar4

Porbandar3

Gir Somnath2

Kachchh1

Mahesana1

Botad1

Details Awaited*2099

2178 239

1949 212

139 8

90 19

DistrictCases

South77

South West14

West10

East9

North West9

South East9

North East8

North6

Central4

New Delhi3

Shahdara2

Details Awaited*2005

2156 75

1498

611 180

47

DistrictCases

Jaipur36

Bhilwara23

Jodhpur16

Tonk9

Jhunjhunu8

Churu6

Ajmer5

Bharatpur3

Dungarpur3

Alwar3

Pratapgarh2

Udaipur1

Jaisalmer1

Sikar1

Pali1

Dholpur1

Dausa1

Details Awaited*1539

1659 83

1404 58

230 25

25

DistrictCases

Chennai69

Coimbatore33

Tirunelveli30

Dindigul25

Erode25

Namakkal19

Theni12

Karur11

Madurai11

Thiruvarur9

Tiruppur8

Thoothukudi6

Salem6

Virudhunagar5

Sivaganga5

Kanniyakumari5

Tiruvannamalai4

Villupuram4

Kanchipuram4

Nagapattinam3

Ramanathapuram2

Vellore2

Tiruchirappalli1

Ariyalur1

Details Awaited*1296

1596 76

943

635 178

18 1

DistrictCases

Indore65

Jabalpur7

Ujjain5

Bhopal4

Gwalior2

Shivpuri2

Details Awaited*1467

1552 67

1328 44

148 21

76 2

DistrictCases

Gautam Buddha Nagar28

Meerut12

Agra11

Lucknow7

Ghaziabad6

Baghpat2

Moradabad2

Bareilly1

Ghazipur1

Jaunpur1

Kanpur Nagar1

Kheri1

Pilibhit1

Varanasi1

Shamli1

Details Awaited*1218

1294 110

1134 108

140

20 2

DistrictCases

Hyderabad55

Warangal Urban12

Medchal Malkajgiri9

Ranga Reddy7

Karimnagar5

Mahabubnagar4

Kamareddy4

Bhadradri Kothagudem4

Nalgonda3

Sangareddy2

Nizamabad2

Jogulamba Gadwal2

Suryapet1

Mulugu1

Nagarkurnool1

Jangoan1

Mahabubabad1

Medak1

Details Awaited*813

928 55

711 51

194 4

23

DistrictCases

Visakhapatnam3

Krishna2

Chittoor1

East Godavari1

Guntur1

Spsr Nellore1

Prakasam1

Details Awaited*747

757 35

639 29

96 4

22 2

DistrictCases

Kasaragod58

Kannur25

Ernakulam18

Pathanamthitta14

Kozhikode6

Malappuram6

Thiruvananthapuram6

Thrissur5

Idukki3

Kottayam3

Palakkad3

Alappuzha2

Kollam1

Wayanad1

Details Awaited*276

427 19

117 3

307 16

3

DistrictCases

Kolkata15

Nadia5

Hooghly4

24 Paraganas North3

Medinipur East3

24 Paraganas South2

Howrah2

Medinipur West1

Details Awaited*388

423 31

335 28

73

15 3

DistrictCases

Bengaluru Urban38

Mysuru11

Uttar Kannad9

Chikballapur9

Dakshin Kannad4

Kalaburagi3

Udupi3

Bengaluru Rural2

Davangere2

Chitradurga1

Dharwad1

Kodagu1

Tumakuru1

Details Awaited*333

418 10

272

129 17

17 1

DistrictCases

Srinagar17

Bandipora11

Badgam7

Udhampur4

Jammu3

Rajauri3

Baramulla2

Pulwama2

Shopian2

Details Awaited*329

380 12

294 2

81 10

5

DistrictCases

Gurugram25

Faridabad6

Panipat4

Sirsa3

Panchkula2

Ambala1

Hisar1

Sonipat1

Palwal1

Details Awaited*210

254

124

127

3

DistrictCases

Shahid Bhagat Singh Nagar18

S.a.s Nagar9

Hoshiarpur5

Jalandhar5

Amritsar2

Ludhiana2

Patiala1

Details Awaited*203

245

190

39 1

16

DistrictCases

Patna5

Munger4

Saharsa2

Begusarai1

Lakhisarai1

Nalanda1

Siwan1

Details Awaited*111

126 13

82 13

42

2

DistrictCases

Khordha3

Details Awaited*76

79 5

54 5

24

1

DistrictCases

Dehradun6

Pauri Garhwal1

Details Awaited*39

46

27

19 1

0

DistrictCases

Details Awaited*45

45

42

0

3 1

DistrictCases

Kangra3

Details Awaited*36

39

22

16

1

DistrictCases

Raipur4

Bilaspur1

Durg1

Rajnandgaon1

Details Awaited*29

36

10

26 1

0

DistrictCases

Marigaon2

Karimganj1

Nalbari1

Details Awaited*31

35

15

19

1

DistrictCases

Chandigarh16

Details Awaited*11

27 1

13

14 1

0

DistrictCases

Leh Ladakh11

Kargil2

Details Awaited*5

18

4

14

0

DistrictCases

North And Middle Andaman7

South Andamans3

Details Awaited*6

16

5

11

0

DistrictCases

Details Awaited*12

12 1

11 1

0

1

DistrictCases

North Goa2

South Goa1

Details Awaited*4

7

0

7

0

DistrictCases

Mahe1

Details Awaited*6

7

4

3

0

DistrictCases

Imphal West1

Details Awaited*1

2

0

2

0

DistrictCases

Details Awaited*2

2

1

1

0

1

1

0

0

DistrictCases

Details Awaited*1

1

0

1 1

0

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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