Harvard’s Wealth Puts $465 Million in Tax Benefits Under Spotlight

America’s elite universities are in the spotlight for how they handle their vast wealth, with some politicians threatening to reconsider their tax-exempt status. Harvard, the richest US college with an endowment of more than $50 billion, is at the center of another issue: What financial benefits do schools reap from tax savings, and what responsibilities do they have to their broader surroundings?