Endowment
Ivy Endowments Turn Upward
On the heels of an abysmal year for money managers in 2009, university endowment results released in recent weeks show strong investment returns for the year ending June 30, 2010, although different forms of asset allocation have led to significant variations in performance between different schools.
Harvard Real Estate Deal with Chinese Fund Collapses
Harvard University will not sell a portion of its real estate holdings to China’s sovereign wealth fund after efforts to broker a deal collapsed, according to a person familiar with the situation. Media reports estimated that the deal would have been worth several hundred million dollars.
Harvard Endowment's Real Estate Sale to China Falls Through
Harvard University will not sell a portion of its real estate holdings to China's sovereign wealth fund after efforts to broker a deal with the $300 billion fund broke down, according to a report in Bloomberg this afternoon.
Harvard Endowment Jumps 11 Percent to $27 Billion
Harvard’s endowment grew to $27.4 billion in the fiscal year that ended June 30, 2010, an 11 percent investment return that comes a year after it plummeted in value by 27.3 percent to $26 billion.
Harvard Cuts Endowment's Stock Holdings in First Quarter of 2010
Harvard reduced its stock holdings by 35 percent during the first quarter of 2010, even as the Dow Jones Industrial Average rose about 4 percent over the same period.
Harvard Suffered Losses on Real Estate Trades with Goldman Sachs
Harvard University participated in derivatives trades with Goldman Sachs in 2007 that exposed the University to losses as the real estate market collapsed, according to e-mails released by a Senate committee yesterday.
Endowment: Kennedy School of Government
The Harvard Kennedy School received a $5 million gift from Glenn Dubin, co-founder and CEO of Highbridge Capital Management. This gift will be used to launch a graduate fellowship fund.
Gifts to Major Colleges Decline
Donations to American colleges and universities fell nearly 12 percent during the fiscal year ending last June, the steepest decline in fundraising since the mid-1970s and a direct result of the recent recession, according to a report released by the Council for Aid to Education yesterday.
Professor Challenges Harvard's Governance Structure in the Huff Post
Former Dean of the College Harry R. Lewis ’68 has struck again with another op-ed panning the Harvard Corporation, the University’s highest governing body—this time in the Huffington Post.
Harvard To Borrow $480 Million To Fund Capital Projects, Refinance Debt
Harvard is borrowing $480 million to refinance its debt and to fund capital projects on campus, including the construction of a new Harvard Law School building, according to a credit rating report released Friday by Moody's Investors Service.
TOP 10 NEWS STORIES OF 2009
From a fiscal nightmare to a campus shooting, 2009 had it all. See the stories, events and people that made the top headlines this past year.
Provost Addresses Library Changes
University Provost Steven E. Hyman sought to reassure faculty members yesterday that the newly appointed committee for library changes would not overstep its bounds.
New Law To Help University Finances
University officials may increase endowment spending by as much as $50 million this year in light of a Massachusetts state ...
