University Finances
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.
Harvard President Garber Says He is Disappointed by 2024 Fundraising Numbers
Harvard President Alan Garber said he was disappointed by some of the University’s fundraising numbers during an interview on Tuesday, a sign that officials are bracing for donations to dip after a year of campus turmoil.
Harvard President Garber Visits Seattle, Los Angeles in West Coast Swing
University President Alan M. Garber ’76 toured the West Coast last week, traveling to Los Angeles and Seattle to meet with hundreds of alumni in his first set of club-hosted alumni events since his permanent appointment in August.
HMS Dean Talks Campus Rules, Financial Struggles at State of the School Address
Harvard Medical School Dean George Q. Daley ’82 discussed forthcoming campus use rules, faltering financials, and post-affirmative action admissions in his annual State of the School address on Tuesday.
HL Central Awards New Scholarship to 1L Student to Celebrate Group’s 25th Anniversary
HL Central — an unofficial nonprofit student organization at Harvard Law School — has pledged at least $500,000 to fund a $25,000 annual scholarship for one incoming first-year student over the next 20 years.
Harvard President Garber Meets With Pro-Palestine Activists About Endowment
Harvard Out of Occupied Palestine activists met on Friday with President Alan Garber and Harvard Corporation Fellow Mariano-Florentino Cuéllar ’93 for a discussion about the endowment.
As Harvard President, Garber To Face Key Demand From Local Politicians: More Money
As newly appointed Harvard President Alan M. Garber ’76 takes the reins of the University full time, he will face one simple demand from local politicians and activists: pay up.
Barakett to Chair Harvard Management Company’s Board of Directors, Finnegan Will Remain on Board
University Treasurer Timothy R. Barakett ’87 will take over as chair of the HMC board next month, succeeding former Treasurer Paul J. Finnegan ’75.
‘No One is Doing More’: Harvard President Alan Garber Looks To Reverse Donor Revolt
As the University prepares for a long-term downturn in giving, interim Harvard President Alan M. Garber ’76 is leading the charge to woo back disillusioned donors.
Critics Says Harvard’s Endowment Is Underperforming and Overly Secretive. Is It?
The lackluster performance of Harvard’s endowment — the largest in the world — has sparked concerns about the stewardship and transparency of the endowment under Harvard Management Company CEO N.P. “Narv” Narvekar.
Harvard Management Company CEO Receives 6.9% Pay Cut Over Poor Investment Returns
The Harvard Management Company cut the pay of Chief Executive Officer N.P. “Narv” Narvekar by 6.9 percent in 2022 after the endowment had its third-worst annual investment results in the last 20 years.
Harvard Islamic Studies Program X Account Reinstated After University Intervenes
The X account belonging to the Harvard Islamic Studies Program was reinstated on April 18 following a nearly two-month suspension after Harvard’s Office of General Counsel reached out to the legal office at X Corporation.
The State Legislature Is Considering an Endowment Tax. Experts Say It Could ‘Cripple’ Harvard
The Massachusetts state legislature is set to move ahead later this month with a university endowment tax bill that some experts described as potentially catastrophic for academic institutions like Harvard and MIT.
Harvard Plans To Renovate 4 Major Libraries Ahead of 400th Anniversary
Martha Whitehead, vice president of the Harvard Library, announced plans to renovate the four major libraries in Harvard Yard — Widener, Lamont, Pusey, and Houghton — during a faculty meeting last week.
