Harvard University is leaning on Harvard Business School to help close institutional budget gaps, according to notes obtained by The Harvard Crimson. The university asked HBS to increase its surplus contribution for fiscal 2026, and later projections raised the target further into fiscal 2027. HBS’s spokesperson Brian Kenny said the mandate reflects that every school is being asked to improve the overall financial picture amid federal funding cuts and endowment pressures. Internally, HBS outlined expense cuts and additional revenue totaling $29 million for fiscal 2026, including salary and benefits reductions, deferred IT project deferrals, and spending reductions tied to catering, travel, and events. The report also points to operational impacts: staff told the paper that workload increased after positions were not replaced, including a faculty support specialist role shifting from coverage across three to six faculty members. The development highlights how elite research universities are increasingly using high-margin revenue units—especially professional schools—to offset broader funding turbulence.