Source: SFGate
“In a letter to faculty and staff, Stanford University announced $140 million in budget cuts for the upcoming 2025-26 academic year, which it said will require staff layoffs. ‘This is difficult news to share,’ university President Jon Levin and Provost Jenny Martinez wrote in their letter on Thursday. ‘… We face significant budget consequences from federal policy changes.’ President Donald Trump’s ‘One Big, Beautiful Bill,’ passed by the House on May 22, proposes a 21% tax on some universities’ endowments, which would apply to Stanford, and would be an increase from Stanford’s current rate of 1.4%, according to student newspaper the Stanford Daily. If it becomes law, the change could represent an estimated $750 million tax annually, a significant hit to the university’s operating budget, according to the publication.” (06/28/25)
https://www.sfgate.com/bayarea/article/stanford-budget-cuts-layoffs-140-million-20398845.php