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President’s Income Reaches New Level

“The influence of money is already too strong on many campuses, distorting priorities, distracting faculty members, and eroding academic values,” he added.

In addition to Summers and Rudenstine, the top Harvard earners for fiscal year 2002 were Dean of the Medical School Joseph B. Martin, who received $445,399 in total compensation, and Dean of the Business School Kim B. Clark, who made a total of $407,700.

University Provost Steven E. Hyman netted $201,724, and Vice President for Community, Government and Public Affairs Alan J. Stone earned $257,365, including a $67,511 signing bonus. These figures, however, reflect less than a full year of service, as both of these administrators arrived at Harvard last fall.

The University’s functional expenses for fiscal year 2002 totaled $2,314,507,723.

As a private, tax-exempt, nonprofit organization, Harvard is required each year to make public its federal tax return, which includes compensation information, functional expenses and other such data.

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Harvard’s form was due in February, but the University filed an extension request until May 15.

—Staff writer David B. Rochelson can be reached at rochels@fas.harvard.edu.

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