University Finances
Largest Donor to Harvard Doubles Gift to Wyss Institute
Nearly five years after donating $125 million to Harvard—the largest philanthropic gift ever to the University—Hansjörg Wyss has matched that sum with a second $125 million gift to the Wyss Institute for Biologically Inspired Engineering, the Institute announced Tuesday.
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University President Drew G. Faust saw little change in her earnings between 2010 and 2011, while HMC President and CEO Jane L. Mendillo's total compensation jumped by 52 percent during the same time period.
Faust's Earnings in 2011 Much Lower Than Those of Other University Presidents and Top Harvard Employees
University President Drew G. Faust received $899,734 in salary and benefits in 2011, according to a recent filing with the Internal Revenue Service. While that figure is about the same as last year’s, Harvard’s chief investment manager, who is paid far more than most administrators, saw a 52 percent increase in her earnings.
Simmons Resigns in Protest
More than a month after stepping down as head of Harvard’s Weatherhead Center for International Affairs in protest of a Faculty of Arts and Sciences’ financial policy, government professor Beth A. Simmons said that top FAS deans have not formally acknowledged her resignation.
University Fundraising Drives
Past capital campaigns at Harvard and its peer institutions have exceeded their fundraising targets.
Harvard Eyes Internal, External Models for Capital Campaign
As it prepares to launch the capital campaign, Harvard may look back to lessons learned from its 1990s campaign. It may also turn an eye toward its peer institutions, like Stanford and MIT, who have recently run successful fundraising drives in the 21st century.
Administrators Travel, Schmooze Donors as Capital Campaign Approaches
As the September launch of Harvard’s multi-billion-dollar capital campaign approaches, top-level administrators and members of the University’s development office are targeting and schmoozing prominent donors in search of gifts for Harvard’s most ambitious fundraising effort in history.
After Donation, Radcliffe Gym Renamed Knafel Center
The Radcliffe Gymnasium will now be known as the Knafel Center, the Radcliffe Institute for Advanced Study announced on Thursday, following a recent $10.5 million gift from long-time University donor and venture capitalist Sidney R. Knafel ’52.
Centralizing Through Capital Campaign Priorities
As the University prepares for the public launch of a multi-billion dollar capital campaign, it looks to coordinate across Harvard's 15 schools and balance school-specific interests with a commitment to centralization.
Different Goals, One University
As the University prepares for the public launch of a multi-billion dollar capital campaign, Harvard’s office of Alumni Affairs and Development, which is wrapping up a two-year “quiet phase,” is working to incorporate centralization into the campaign.
HMC's Private Equity Director Departs
Harvard Management Company’s Director of Private Equity Peter F. Dolan ’83 left HMC on Wednesday after nearly 20 years with the firm, according to a University official familiar with the matter.
Activist Group Condemns Endowment’s Link to Gunmakers
A student and alumni activist group criticized Harvard this week for its investment in an index fund that is a major shareholder of firearm manufacturer Smith & Wesson.
EdX Will Be Capital Campaign Priority
HarvardX, a branch of Harvard and MIT’s joint virtual learning venture edX, will be a priority for Harvard’s upcoming capital campaign, University President Drew G. Faust told The Crimson on Wednesday.
