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Banners at Larry Bacow's 2018 inauguration as Harvard University's 29th president. Photo: Craig F. Walker/The Boston Globe via Getty Images

For 2 weeks, Harvard University has been reviewing gifts made to the school from 1998 to 2007 by sex offender Jeffrey Epstein, University President Lawrence Bacow said Thursday, the Harvard Crimson reports.

The big picture: Epstein's reported $8.9 million in gifts to Harvard, detailed by Bacow, is greater than the known $7.5 million in donations he made anonymously or circuitously to the MIT Media Lab. Epstein's largest reported donation to Harvard was a $6.5 million gift made in 2003 to the Program for Evolutionary Dynamics, which studies evolution, population structure and other areas.

  • The school received roughly $2.4 million in other gifts from Epstein prior to his 2008 guilty plea that resulted in him becoming a registered sex offender.
  • Nearly all of Epstein's gifts have already been spent, but Harvard's review found an unspent balance of $186,000 that the university plans to invest in "organizations that support victims of human trafficking and sexual assault," Bacow writes.
  • The review of gifts made between 1998 and 2007 is ongoing, per Bacow, who says that Harvard has not identified gifts made following Epstein's 2008 guilty plea.

The intrigue: Bacow also wrote the university "recently learned" that former professor Stephen Kosslyn designated Epstein as a visiting fellow in 2005 for the school's psychology department. Bacow describes Kosslyn as "a beneficiary of Epstein's philanthropy."

  • Epstein donated $50,000 to Stanford University's physics department in 2004, the school confirmed 1 day after Epstein's gifts to Harvard were made public.

Read University President Lawrence Bacow's letter:

Go deeper ... Exclusive: MIT and Jeffrey Epstein's billionaire enablers

Go deeper

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.

U.S. Chamber decides against political ban for Capitol insurrection

A pedestrian passes the U.S. Chamber of Commerce headquarters as it undergoes renovation. Photo: Andrew Harrer/Bloomberg via Getty Images

The U.S. Chamber of Commerce revealed Friday it won't withhold political donations from lawmakers who simply voted against certifying the presidential election results and instead decide on a case-by-case basis.

Why it matters: The Chamber is the marquee entity representing businesses and their interests in Washington. Its memo, obtained exclusively by Axios, could set the tone for businesses debating how to handle their candidate and PAC spending following the Jan. 6 Capitol attack.

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