Harvard Universityended its fiscal year with a $113 million deficit, its leaders announced Thursday,an early sign of the impact of the Trump administration’s actions against the school.

The deficit would have been worseif not for an outpouring of support: Donors gave more than $600 million - a one-year record for the nearly 400-year-old university -as its leaders refused to comply with federal demands for institutional changes.

The deficit is small in the context of the university’s $6.7 billion operating base, but it marks the first time the school has run one since the massive pandemic disruptions of 2020, when Harvard had a $10 million shortfall, the university’s annual financial report released Thursday shows.

Harvard’s giant endowment - which grew to nearly $57 billion - its donors

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