Endowment
Harvard Endowment Appoints 3 New Directors, Including JPMorgan Exec Who Managed Epstein’s Bank Accounts
Three Harvard Business School alumni — Paul B. Edgerley, Mary Callahan Erdoes, and Raymond J. McGuire ’79 — were appointed to Harvard Management Company’s board of directors.
Bitcoin Now Harvard’s Largest Publicly Disclosed Holding, Tripling in Size in Third Quarter
Harvard Management Company dramatically increased its investment in iShares Bitcoin Trust, an exchange trade fund tracking the value of Bitcoin, in the third quarter of this year.
Harvard Receives $36 Million Letter of Credit from Bank of America Amid Federal Pressure
Harvard took out a $36 million standby letter of credit from Bank of America last month after the Department of Education placed the University on stricter financial oversight this fall.
Harvard Reports First Deficit Since Pandemic in Fiscal Year 2025, Sees 12% Endowment Growth
Harvard reported an operating loss of $113 million — its first budget deficit since 2020 — as its financial footing shakes from disruptions to federal funding, even as the total value of its endowment grew by 11.9 percent to $56.9 billion, according to its fiscal year 2025 financial report.
Harvard Officials Say Federal Actions Could Cost the University $1 Billion Annually
Harvard President Alan M. Garber ’76 warned Monday that the combined financial impact of sweeping federal policy changes — including research funding cuts and a sharp increase in the tax on endowment income — could cost the University up to $1 billion annually.
Trump Signs Spending Package Into Law, Imposing 8% Tax on Harvard’s Endowment Income
President Donald Trump signed into law a sweeping tax and spending package that significantly raises the federal excise tax on Harvard’s endowment income on Friday — a move that could cost the University more than $200 million a year.
House Narrowly Passes GOP Tax Bill Targeting Harvard’s Endowment with 21 Percent Tax
The U.S. House of Representatives passed a sweeping Republican-backed tax and spending bill Thursday that would impose a 21 percent tax on Harvard’s endowment returns — the latest in a series of federal measures inflicting harsh financial penalties on the University.
Trump Threatens To Revoke Harvard’s Tax-Exempt Status One Day After Garber Rejects Demands
United States President Donald Trump threatened to revoke Harvard’s tax-exempt status less than one day after Harvard President Alan M. Garber ’76 rebuffed the White House’s demands, marking yet another escalation in the Trump administration’s campaign against the University.
Hoekstra Tells FAS To ‘Prepare for Significant Financial Challenges’ Amid Uncertainty From Washington
Faculty of Arts and Sciences Dean Hopi E. Hoekstra told faculty on Tuesday that she has instructed FAS officials “to prepare for significant financial challenges” and “build financial capacity” as President Donald Trump ramps up threats to Harvard’s funding.
Harvard Management Company Bets on Big Tech at End of 2024
The Harvard Management Company increased its exposure to Big Tech in its directly held stock portfolio during the final months of 2024, adding new positions in Apple, Amazon, Tesla, and Microsoft while reinforcing its already substantial investment in Meta.
Republicans Are Floating Plans To Raise the Endowment Tax. Here’s What You Need To Know.
Rep. Mike V. Lawler (R-N.Y.), an ally of President Donald Trump, became the latest Republican lawmaker to introduce an endowment tax on Friday, proposing an 8.6 percent tax hike for Harvard and other wealthy colleges and universities.
Harvard’s Federal Funding Is Under Fire. Here’s What’s at Risk.
President Donald Trump’s wave of executive orders targeting funding for education sent shockwaves through Harvard this week, jeopardizing thousands of research jobs and more than 10 percent of the University’s operating revenue.
Harvard’s Endowment Shined in 2024. But It Masks a Longstanding Gap With Ivy+ Peers.
The value of Harvard’s endowment grew in value in fiscal year 2024 for the first time in three years. But financial experts and Harvard affiliates expressed concern about the endowment’s long-term performance, which has underperformed compared to other Ivy+ schools and the S&P 500.
Harvard Endowment Jumps to $53.2 Billion, Delivers 9.6% Returns in 2024
The value of the endowment grew to $53.2 billion after the Harvard boasted a 9.6 percent return on its investments in fiscal year 2024.
Donations to Harvard’s Endowment Drop by More Than $150 Million
Total philanthropic contributions fell by 14 percent in fiscal year 2024 as several billionaire donors publicly severed ties with Harvard over its response to campus antisemitism.
