Tag: Johns

  • Johns Hopkins Taps Endowment Earnings for Research Funding

    Johns Hopkins Taps Endowment Earnings for Research Funding

    Johns Hopkins University is turning to earnings on its $13.2 billion endowment to preserve research and protect researchers, trainees and staff amid drastic cuts to federal funding, The Baltimore Banner reported Monday.

    Since President Donald Trump started his second term in January, federal agencies have terminated or stalled billions in research grants to colleges and universities in a move scientists and higher education advocates warn will decimate university budgets, slow scientific innovation and hurt local economies. Johns Hopkins estimates that it has so far lost 100 federal grants, while others remain under review by the Trump administration to ensure they align with the federal goal of rooting out diversity, equity and inclusion, among other things. As a result, the university said it’s approaching $1 billion in federal funding losses so far this year.

    While Trump and his allies have suggested universities can use their endowments to fund research, officials at Johns Hopkins—which received more funding from the National Institutes of Health in 2024 than any other university—said Monday that’s not so easy.

    “It’s a common misconception that universities can simply ‘use the endowment’ in moments like this,” university officials said in a statement. “The reality is that most of our endowment is made up of legally restricted funds designated by donors for specific purposes. The principal of the endowment must legally be preserved in perpetuity—to support Johns Hopkins’ mission now and for future generations—and cannot be drawn down like a reserve fund.

    “That said, we are using flexible resources—some of which are tied to endowment earnings—to help sustain critical research in this moment of uncertainty.”

    Johns Hopkins hasn’t disclosed how much total earnings it plans to take from its endowment to help faculty and students continue their research, according to a news release.

    But in the plan released Monday, it said individuals will receive up to $100,000 for delayed grants or $150,000 for terminated grants during a 12-month period. The university will also offer a year of support to Ph.D. students completing their dissertations and postdoctoral fellows who had been expecting support from federal grants that were terminated, as well as expand a program that offers editorial support for grant proposals and journal articles and another that enables undergraduates to work with faculty mentors on original research or projects.

    Source link

  • Johns Hopkins to lay off 2,200 workers as it reels from Trump’s USAID cuts

    Johns Hopkins to lay off 2,200 workers as it reels from Trump’s USAID cuts

    This audio is auto-generated. Please let us know if you have feedback.

    Dive Brief:

    • Johns Hopkins University is moving to cut over 2,200 jobs, the largest layoffs in its history, according to a university spokesperson.
    • The layoffs are tied directly to the Trump administration’s unilateral cuts to the U.S. Agency for International Development, which brought an $800 million funding hit to Johns Hopkins.
    • The job cuts include 1,975 international positions across 44 countries as well as 247 in the U.S, the spokesperson said. Another 29 international and 78 domestic employees will be furloughed with a reduced schedule. 

    Dive Insight:

    Earlier in March, Johns Hopkins President Ron Daniels revealed the depth of the funding gap wrought by the Trump administration’s suspension of foreign aid via executive order and efforts to gut USAID without congressional approval. Daniels said then that the university would have to wind down its projects funded by USAID grants.

    Employees in USAID-funded positions at Johns Hopkins have worked to “care for mothers and infants, fight disease, provide clean drinking water, and advance countless other critical, life-saving efforts around the world,” a university spokesperson said in an emailed statement.

    The affected jobs set for elimination are in its medical school; the Bloomberg School of Public Health, which includes the Center for Communication Programs; and Jhpiego, a nonprofit affiliate that provides medical care abroad. 

    The decimation of USAID has been challenged in court. On March 10, a federal judge issued a partial preliminary injunction in the case, saying the cuts likely violated the Constitution. 

    “The Executive not only claims his constitutional authority to determine how to spend appropriated funds, but usurps Congress’s exclusive authority to dictate whether the funds should be spent in the first place,” according to the decision from the U.S. District Court for the District of Columbia.

    Daniels previously told the campus community that federal funding cuts and the resulting chaos would likely bring reductions to the university’s personnel and budgets. 

    “Over the past six weeks, we have experienced a fast and far-reaching cascade of executive orders and agency actions affecting higher education and federally sponsored research,” Daniels said in early March. “What began as stop work orders or pauses in grant funding allocations has morphed into cancellations and terminations.”

    In addition to the USAID fallout, Johns Hopkins faces many millions in shortfalls from the National Institutes of Health’s move to cap funding for institutions’ indirect research costs at 15%. 

    The university is among those suing NIH to block the cap, which plaintiffs say violates federal law, regulation and agency authority. In court papers, Laurent Heller, Johns Hopkins’ executive vice president for finance and administration, said the institution received over $1 billion in funding from NIH in fiscal 2024. Of that, $281.4 million covers indirect costs, one of the largest of which is physical space. 

    The funding helps support clinical trials for treatments related to cancer, pediatrics, heart, lungs, brain, liver and other areas, as well as other research and services. 

    “The proposal to cap indirect cost rates at 15% could end, seriously jeopardize, or require significant scaling back of the projects and infrastructure described above, as well as hundreds more projects of importance for life-saving medical discoveries, treatments, cares, and cures,” Heller said.

    There again, a court has ruled that the administration likely overstepped its authority. A judge overseeing several cases against NIH issued an injunction in March compelling the agency to keep paying negotiated rates for indirect costs as the case continues. 

    The funding cuts represent a risk of “halting life-saving clinical trials, disrupting the development of innovative medical research and treatment, and shuttering of research facilities, without regard for current patient care,” the judge wrote.

    Harvard University, Columbia University, Northwestern University and many other higher ed institutions have announced hiring freezes and cutbacks amid uncertainty over NIH and other federal funding sources.

    Source link

  • Johns Hopkins Plans for Layoffs Amid $800M Cut to Federal Grants

    Johns Hopkins Plans for Layoffs Amid $800M Cut to Federal Grants

    Johns Hopkins University is planning for staff layoffs after the Trump administration canceled $800 million in U.S. Agency for International Development grants for the Baltimore-based institution, The Wall Street Journal reported Tuesday.

    The grants supported a variety of health-related initiatives overseen by Johns Hopkins, including a breastfeeding support project in Baltimore and mosquito-net programs in Mozambique.

    The foreign aid agency was one of the first targets of the Trump administration’s crusade against alleged widespread “waste, fraud and abuse” of federal funding. Secretary of State Marco Rubio said earlier this week that he’s purged 83 percent of USAID’s programs and the remaining contracts will be administered by the U.S. Department of State.

    The $800 million in cuts comes on top of another $200 million Johns Hopkins stands to lose if the National Institutes of Health succeeds in capping indirect research costs at 15 percent. Johns Hopkins is among numerous universities, states and other organizations that have sued the National Institutes of Health over the plan to limit research funding, which a federal judge has temporarily blocked.

    “At this time, we have little choice but to reduce some of our work in response to the slowing and stopping of grants and to adjust to an evolving legal landscape,” JHU president Ronald Daniels wrote in a letter to campus, according to The Baltimore Banner. “There are difficult moments before us, with impacts to budgets, personnel, and programs. Some will take time to fully understand and address; others will happen more quickly.”

    Such drastic cuts to Johns Hopkins—the nation’s largest spender on research and development and the biggest private employer in Baltimore—will reverberate far beyond the campus itself.

    “Johns Hopkins has bet very heavily on a century and a quarter of partnership with the federal government,” Theodore Iwashyna, a JHU critical care physician who is currently overseeing an NIH grant studying at-home care for pneumonia patients, told the Journal. “If the federal government decides it doesn’t want to know things anymore, that would be bad for Johns Hopkins and devastating for Maryland.”

    Source link

  • Johns Hopkins, Caltech settle in antitrust lawsuit

    Johns Hopkins, Caltech settle in antitrust lawsuit

    Johns Hopkins University and the California Institute of Technology agreed to settle in a federal antitrust lawsuit that alleges 17 wealthy institutions, known as the 568 Presidents Group, illegally colluded on financial aid formulas and overcharged students for years.

    Late Friday, JHU settled for $18.5 million and Caltech for $16.7 million, according to court filings. Both were more recent additions to the group, which was established in 1998. Johns Hopkins joined in November 2021, and Caltech in 2019.

    The class action lawsuit was filed in January 2022 and initially implicated Caltech along with Brown, Columbia, Cornell, Duke, Emory, Georgetown, Northwestern, Rice, Vanderbilt and Yale Universities; Dartmouth College; the Massachusetts Institute of Technology; and the Universities of Chicago, Notre Dame and Pennsylvania.

    Johns Hopkins was added to the lawsuit in March 2022.

    After Friday’s court filing, 12 of the 17 institutions have settled. Altogether the settlement amounts add up to nearly $320 million. Vanderbilt had the largest settlement: $55 million.

    The five remaining defendants in the lawsuit—Cornell, Georgetown, MIT, Notre Dame and Penn—have denied wrongdoing and continue to fight the antitrust case in court. The 568 Presidents Group name is a reference to a carve-out in federal law that allowed member institutions to discuss financial aid formulas with immunity from federal antitrust laws due to their need-blind status. Congress created that exemption following a 1991 price-fixing scandal that involved all eight Ivy League universities and MIT.

    The legislative carve-out expired in 2022, and the group subsequently dissolved.

    However, plaintiffs have argued that defendants did consider financial circumstances and made decisions based on family wealth and donation history or capacity, often admitting students on “special interest lists” with substandard transcripts compared to the rest of accepted classes.

    Source link