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Harvard is known for having one of the most enormous endowments of any college anywhere.
Same to you - what do you think an endowment is?
https://finance.harvard.edu/endowment
You’re acting as if Harvard has no control over the way they utilize the endowment, and that’s just not true. Of course they want to manage it so that they are only drawing from a portion of the gains rather than actually spending it down. Of course some percentage of funds are earmarked for specific purposes like new buildings, endowed professorships, and the like.
None of this means that Harvard cannot make the strategic decision to dip heavily into the endowment to maintain researchers’ livelihoods while their fight moves through the courts. Arguably it’s the fiscally-responsible thing to do, because many of the affected researchers are going to be losing work in progress that may have to be replicated if they are ever rehired, and some portion of those laid off are going to move on to other things, impacting Harvard’s research capacity and their reputation as a desirable, high-status employer in the sciences. One would have hoped that they picked this fight with the intention of winning it, and failing to tap the endowment as bridge funding while the legal challenges play out risks making it something of a Pyrrhic victory.
Posted to the wrong comment, whoops