Harvard University asked Harvard Business School to increase its surplus contribution as the university navigates federal funding cuts and endowment pressure, The Harvard Crimson reported via internal presentation notes. The target for fiscal year 2026 rose from roughly $60 million to $82 million after a November 2025 internal presentation. Subsequent April projections raised the university’s fiscal 2027 target to $97 million. HBS spokesperson Brian Kenny said the request reflects broad challenges to Harvard’s financial model and that every school is being asked to improve the overall picture. The reported surplus push included $29 million in expense cuts and added revenue for fiscal 2026, including salary and benefits reductions, deferred IT project savings and planned reductions to catering, travel and events. Faculty support specialist Cameron Wetzel told the paper that workload rose after a colleague left without replacement, even as HBS begins the period from a position of relative revenue stability.