University Finances
Report Claims Harvard Received $20 Million from Fossil Fuel Industry From 2010 to 2020
Harvard received at least $20 million from major fossil fuel companies from 2010 to 2020, according to a new report by Data for Progress in collaboration with Fossil Free Research, a campaign advocating against the financial influence of fossil fuel companies in climate research.
Harvard Boosted Investment in Singapore’s Grab App, Modified Biotech Holdings in Q4
The Harvard Management Company boosted its investments in Grab — a Singaporean all-in-one app offering food delivery, transportation, and digital payment services — and modified its biotechnology portfolio during the last quarter of 2022.
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.
Harvard Corporation Approved New Voting Guidelines on Climate, Racial Equity, and Cybersecurity in 2022
Harvard’s Corporation Committee on Shareholder Responsibility approved new voting guidelines in 2022 on climate commitments, racial equity audits, and cybersecurity, according to an annual report released Thursday.
Financial Aid or Financial Burden? Harvard Law School Alumni Say the School’s Low Income Protection Plan Falls Short
LIPP aims to reduce the burden of student debt by subsidizing loan repayments for graduates pursuing public interest jobs — but students and alumni maintain that LIPP fails to sufficiently support graduates.
Harvard CFO Thomas Hollister To Retire in June 2023
Harvard Vice President for Finance and Chief Financial Officer Thomas J. Hollister will step down and retire at the end of the academic year after eight years serving in the role.
By the Numbers: Harvard’s FY 2022 Financials
In fiscal year 2022, the value of Harvard’s endowment dropped by $2.3 billion while the University’s revenue streams rebounded. See the highlights from Harvard’s Annual Financial Report below.
For 11th Year in a Row, Harvard Falls Short of Boston’s PILOT Request
For the 11th consecutive year, Harvard did not pay the full amount requested by the City of Boston as part of a program in which nonprofits voluntarily give money to the city in lieu of taxes.
Harvard Ended Fiscal Year 2022 with $406 Million Budget Surplus as Revenues Exceeded Pre-Pandemic Levels
Harvard ended fiscal year 2022 with a $406 million budget surplus, its largest in at least the last two decades, as revenues rose above pre-pandemic levels following two consecutive years of decline.
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 Medical School Dean Says HMS Has Improved Financial Stability at State of the School Address
Harvard Medical School Dean George Q. Daley ’82 said Wednesday that HMS is “more financially stable than at any time in recent history” after recovering from pandemic-era financial stress.
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 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.
‘There’s Very Little There’: Technologists, Including at Harvard, Urge Lawmakers to Resist Crypto’s Siren Song
In recent years, crypto proponents have poured millions of dollars into lobbying efforts in Washington. This month, a group of concerned technologists are pushing in the opposite direction.
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.
