WELL, THEY’VE SUPPORTED HIGHER TAXES FOR A LONG TIME: Harvard To Pay $50 Million Tax Due To Trump Tax Reform. Of course, that’s chump change for the hedge-fund-disguised-as-a-university that is Harvard. “Despite the new tax bill, Harvard’s net operating surplus rose almost 52 percent to $297.9 million in 2019. Total operating revenue rose nearly 6 percent to $5.5 billion as total student revenue rose 7 percent to $1.2 billion.”