Stanford University won't accept relief funds, but other universities will. PALO ALTO, Calif. - Stanford University said it won't accept federal coronavirus-relief funds, though other Bay Area private universities with millions of dollars in endowments plan to accept a portion of the federal stimulus package.

The Mercury News reported that Stanford withdrew its CARES Act application, the same day Harvard University reversed its plan to accept the federal money.

Stanford had been allocated $7.4 million in Higher Education Emergency Relief funds. The prestigious school in Palo Alto, also has a $28 billion endowment. “Like all universities, Stanford is facing significant financial pressures during this time of unprecedented uncertainty,” the

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Detail statistic

Stanford won't accept $7.4M relief funds; other universities will take the money

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