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Endowment

Massachusetts Hall
Endowment

Bacow Made $1.2 Million During First Full Year of Presidency, Financial Disclosures Show

University President Lawrence S. Bacow earned $1,224,889 in 2019, his first full year as Harvard’s president, according to financial documents filed by the University earlier this month.

Maura Healey Speaks
Endowment

Divest Harvard Meets With Mass. Attorney General’s Office Over Complaint Against University

Organizers from Fossil Fuel Divest Harvard — an activist group calling for Harvard to divest from the fossil fuel industry — met with senior staff members from the office of Massachusetts Attorney General Maura T. Healey ’92 Friday to discuss a legal complaint they filed in March over the University’s investments.

HMC Building
Endowment

Harvard Will Draw Further From Endowment in FY2022 Than Planned, Citing Strong Market Returns

The Harvard Corporation voted last week to draw further from the endowment for fiscal year 2022 than initially planned in light of strong stock market returns.

Thomas Hollister
Endowment

CFO Hollister Predicts Harvard’s Second Consecutive Year of Declining Revenues for First Time Since Great Depression

Vice President for Finance and Chief Financial Officer Thomas J. Hollister forecasted in a Tuesday interview with The Crimson that Harvard will experience its second consecutive year of declining revenues for the first time since the Great Depression of the 1930s.

HMC Building
Endowment

Harvard-Sponsored Hedge Fund TPRV Capital To Shutter Operations

TPRV Capital, LP — a hedge-fund which launched with $400 million in seed capital from Harvard Management Company in 2017 — announced that it will cease operations, liquidate all assets, and return all of its capital to its investors in an update sent to the Securities and Exchange Commission on March 9.

Harvard Faculty on Divestment
FAS

Net-Zero Emissions by 2050 Is ‘Too Slow,’ Three-Fourths of Surveyed Harvard Faculty Say

A significant majority of respondents to The Crimson’s annual survey of Harvard’s Faculty of Arts and Sciences — 73 percent — believe the Harvard Corporation’s commitment to achieve net-zero greenhouse gas emissions from its endowment by 2050 is “too slow.”

University Hall
Endowment

Politicians, Over 100 Harvard Faculty Back Complaint to State AG Alleging Harvard’s Investments Violate State Law

More than 100 Harvard faculty members and nine local elected officials backed a complaint filed with the Massachusetts Attorney General’s office last week challenging the legality of the University's investment in fossil fuels.

College Commencement
Central Administration

Bacow Hopes for ‘As Close to a Traditional’ Post-Covid Commencement As Possible for Classes of ’20, ’21

University President Lawrence S. Bacow said in an interview Thursday that Harvard intends for future in-person celebrations for the Classes of 2020 and 2021 to closely mirror traditional Commencement Exercises with just “as much pomp and circumstance.”

Mass Hall, Fall 2017
Central Administration

Harvard Could Be Eligible For $25 Million In Relief Funds Under Latest Stimulus Package, Per Report

Harvard may be eligible to receive nearly $25.5 million in aid from the latest federal stimulus package, according to an analysis published Monday by the American Council on Education, a higher education interest group.

Massachusetts Hall, Fall 2017
Endowment

Divestment Activists Allege Harvard’s Fossil Fuel Investments Violate State Law in Complaint to State AG

Activists with Fossil Fuel Divest Harvard filed a complaint with Massachusetts Attorney General Maura T. Healey ’92 on Monday, alleging that Harvard’s highest governing board is violating state law through its continued investments in the fossil fuel industry.

Harvard Management Company
Endowment

Harvard Management Company Has Reduced Exposure to Fossil Fuels By 80 Percent Since 2008, Per Report

The Harvard Management Company has reduced its investments in fossil fuels by 80 percent since 2008 as it works to achieve net-zero greenhouse gas emissions associated with the University's endowment by 2050, according to a company report published Thursday.

Divest Protest
Undergraduate Council

UC Endorses All-Ivy League Statement Demanding Fossil Fuel Divestment

The Undergraduate Council endorsed a statement calling on all Ivy League institutions to divest from fossil fuels at a Sunday meeting.

HMC Building
Endowment

Following Conclusion of HMC’s ‘Five-Year’ Plan, Experts Caution It’s Too Soon Know Long-Term Impact

Experts said that while early indicators of the success of Harvard Management Company’s “five-year” plan are promising, it will take years for the long-term impacts of the plan to become clear.

Harvard Management Company
Endowment

Harvard Management Company Has Invested in Bitcoin Since 2019, per Report

Harvard Management Company — the firm managing the University’s $41.9 billion endowment — may have bought Bitcoin as early as 2019 from market exchanges, per a Monday CoinDesk report.

HMC Building
Central Administration

Harvard Management Company Completes 'Five Year' Restructuring More Than One Year Early

Harvard Management Company has completed its “five-year” organizational and investment restructuring plan more than one year ahead of schedule, HMC CEO N.P. “Narv” Narvekar announced in a message to University affiliates Tuesday.

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