Trump Administration Asks IRS to Start Process to Revoke Harvard’s Tax-Exempt Status  - WSJ

Key Action:

The Trump administration requested the IRS to begin proceedings to revoke Harvard University's tax-exempt status.

Reasoning:

The request aimed to challenge Harvard's 501(c)(3) status, impacting donor tax deductions and the university's tax obligations on net earnings.

Harvard's Status:

Harvard currently benefits from federal income tax exemption as a 501(c)(3) educational institution.

Initiator:

Treasury Department officials directed the IRS' acting chief legal counsel, Andrew De Mello, to proceed with the plan to revoke the status.