Endowment
Outgoing Harvard CFO Says ‘It’s Time to be Very Cautious’ Amid Rising Economic Turmoil
Outgoing Harvard Vice President for Finance and Chief Financial Officer Thomas J. Hollister said in a Thursday interview that the University should be “very cautious” in its financial management as the school confronts an increasingly uncertain economic climate.
Harvard Endowment Fossil Fuel Investments Rose In Value During Fiscal Year 2022
The value of fossil fuel investments in Harvard’s endowment ticked up during fiscal year 2022 as energy prices soared, according to a Harvard Management Company report released Thursday.
Missing from Harvard’s Annual Endowment Report This Year: Underlying Data
Each fall, Harvard releases an annual financial report that provides insights into the University’s budget and investment strategy. For years, the endowment section of the report looked largely the same, with data on HMC’s targets, as well as returns across asset categories. But this fall, it abandoned the longtime practice of disclosing investment performance by asset class.
Harvard Endowment Value Falls $2.3 Billion Following First Negative Returns Since 2016
The value of Harvard University’s endowment fell by $2.3 billion in fiscal year 2022 after the Harvard Management Company delivered a 1.8 percent loss on its investments — its first year of negative returns since 2016.
Harvard Has Reported Positive Endowment Returns for Five Straight Years. That Could Change this Year.
With high inflation and rising interest rates rattling financial markets, the Harvard Management Company, the University’s investment arm, could be on the brink of delivering its first negative annual returns in five years.
Harvard Says the Endowment Tax Is a Blow to Higher Education. Is It?
Harvard has decried a bill passed under the Trump administration that includes a tax on wealthy university endowments. But is the impact of the provision as significant as the University claims it to be?
Harvard Bolsters Investments in Google, Semiconductor Industry
The Harvard Management Company shored up its investments in the technology industry last quarter, boosting its shares of Alphabet — the parent company of Google — by nearly 40 percent while increasing its holdings in the semiconductor companies.
Harvard Management Company Endorses Some Environmental Regulations in SEC Letter
The Harvard Management Company advocated for new environmental disclosure rules under consideration by the U.S. Securities and Exchange Commission, while pushing back against the proposal’s broadest reporting mandate in a letter to the SEC.
GOP Congressman Takes Aim at Harvard’s Potential Endowment Links to Chinese Companies
U.S. Representative Gregory F. Murphy (R-N.C.) called on Harvard to disclose and divest its endowment from any potential holdings in Chinese companies deemed a threat to national security by the federal government in a letter to the school last week.
Harvard Endowment Shares of Meta, Google Balloon in First Quarter
The Harvard Management Company more than tripled its shares of Meta Platforms — formerly known as Facebook — as it saw nearly all of its stock holdings decline in value during the first three months of 2022.
Bacow Presses Lawmakers on University Endowment Tax, Foreign Funding Disclosures During Trip to Washington
Last week University President Lawrence S. Bacow traveled to Washington, D.C., to lobby against taxes on large university endowments and tightened federal regulations for foreign funding disclosures.
After Initial Sell-Off, Harvard Endowment Has Slowly Increased Number of Public Holdings Under Narvekar
The number of stocks in the Harvard endowment has slowly crept back up in recent years after the Harvard Management Company sold off the vast majority of its public holdings when N.P. “Narv” Narvekar took over as its CEO.
Harvard Divestment Activists Help Peer School Organizers File Legal Complaints
Following guidance from a student divestment group at Harvard, activists from five peer universities filed legal complaints last month in an effort to push their schools to divest from the fossil fuel industry.
Harvard Spent $560,000 on Federal Lobbying in Biden’s First Year
Harvard spent $560,000 in federal lobbying during President Joe Biden’s first year in office, topping the Ivy League for the fifth time in the past six years.
‘A Black Hole of Information’: Experts Evaluate Harvard’s Net-Zero Emissions Pledge
As the Harvard Managment Company works toward achieving its pledge, climate and financial experts weighed in on the challenges the company faces, including difficulties obtaining data on and measuring the emissions of its partners.
