Bacow recently met with an official from the Treasury Department, which is responsible for developing regulations for the new endowment tax.
While some big-ticket donors say the ongoing admissions lawsuit won’t change their giving patterns, fundraising experts are divided on the issue.
The group wants to sever Harvard's "financial ties to the prison-industrial complex by advocating for... total divestment from all corporations whose existence depends on the capture, caging, and control of human beings."
Amid a structural overhaul, HMC has kept mum about its number of employees. The silence is characteristic of an organization that is often a black box.
After Harvard's endowment saw the second-worst rate of return on investment in the Ivy League, HMC CEO N.P. “Narv” Narvekar said in the latest annual financial report that he is "not pleased" with the past year's returns.
While Harvard’s return on its endowment marked an improvement from last year’s “disappointing” results, the University’s financial growth continues to lag behind its peer institutions.
Experts say it is still too early to take this year’s endowment returns as a bellwether for Harvard Management Company CEO N.P. “Narv” Narvekar’s strategy.
The returns, bringing the endowment's total value to $39.2 billion, mark an improvement from last year’s return of 8.1 percent and a serious turn-around from the loss of $2 billion in fiscal year 2016.
Harvard Management Company has spent more than $1 billion to buy more than 800,000 hectares of farmland, a new report estimates.
From 1958 to 1992, Tommy’s Lunch served greasy late-night food to generations of Harvard students. The restaurant’s sudden closure in Nov. 1992 shocked loyal customers and fellow Square merchants.
Harvard owns 7,500 acres of vineyards in Cuyama Valley, California. Water scarcity threatens the future of agriculture in the region.
This could be bad news for organizations that depend heavily on donations—including institutions of higher education like Harvard.
Melinda Barber, a managing director at Harvard Management Company—the University’s investment arm—will leave Harvard, Bloomberg reported Tuesday.
Hidden in the Tax Cuts and Jobs Act passed last year is a change in the way taxes are calculated for nonprofits that could lead to increased expenses for Harvard.
Both a major investor and an educational institution, Harvard seeks to strike a difficult balance between considering ethical responsibilities while remaining apolitical.
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