President Donald Trump declared Friday that "We are going to be taking away Harvard’s Tax Exempt Status," saying "It’s what they deserve!"&nbsp;

The announcement from Trump&nbsp;comes after Fox News reported last week that his administration asked the Internal Revenue Service to revoke Harvard University’s tax-exempt status. &nbsp;

<div class="m"><picture> <img src="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2025/05/1200/675/harvard-university.jpg?ve=1&amp;tl=1" alt="Harvard University grounds" width="100%" height="auto"></picture></div> <div class="info"><div class="caption"><p><span>People walk on the Business School campus of Harvard University in Cambridge, Mass., on April 15.</span> <span>(Reuters/Faith Ninivaggi)</span></p></div></div>

<i>This is a developing story. Please check back for updates.&nbsp;</i>

<div class="author-bio"><p>Greg Norman is a reporter at Fox News Digital.</p></div>

President Donald Trump declared Friday that “We are going to be taking away Harvard’s Tax Exempt Status,"{ai:summary}<p>President Trump announced plans to revoke Harvard University's tax-exempt status, stating, "It’s what they deserve!" This follows reports that his administration requested the IRS to take action against the university. </p><p>The situation is ongoing, and further updates are expected. #politics</p>

Trump says he'll revoke Harvard's tax-exempt status

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