University President Lawrence S. Bacow earned $1,224,889 in 2019, his first full year as Harvard’s president, according to financial documents filed by the University earlier this month.
The Harvard Corporation voted last week to draw further from the endowment for fiscal year 2022 than initially planned in light of strong stock market returns.
CFO Hollister Predicts Harvard’s Second Consecutive Year of Declining Revenues for First Time Since Great Depression
Vice President for Finance and Chief Financial Officer Thomas J. Hollister forecasted in a Tuesday interview with The Crimson that Harvard will experience its second consecutive year of declining revenues for the first time since the Great Depression of the 1930s.
TPRV Capital, LP — a hedge-fund which launched with $400 million in seed capital from Harvard Management Company in 2017 — announced that it will cease operations, liquidate all assets, and return all of its capital to its investors in an update sent to the Securities and Exchange Commission on March 9.
Harvard boasts the largest endowment of any university in the world and supplements its finances with hundreds of millions of dollars in donations annually. Despite the scale of Harvard’s philanthropic efforts, a sizable gender disparity persists among the University’s donors.
Harvard may be eligible to receive nearly $25.5 million in aid from the latest federal stimulus package, according to an analysis published Monday by the American Council on Education, a higher education interest group.
Endowment Sells Off Stocks in Major Technology Companies, Invests in Microsoft and Biopharmaceutical Companies in Fourth Quarter
In the final months of 2020, Harvard Management Company sold its shares in multiple major technology companies, including Google’s Alphabet, Inc., and made new investments in others, like Microsoft, while maintaining portfolio growth from the previous quarter.
Harvard Management Company Has Reduced Exposure to Fossil Fuels By 80 Percent Since 2008, Per Report
The Harvard Management Company has reduced its investments in fossil fuels by 80 percent since 2008 as it works to achieve net-zero greenhouse gas emissions associated with the University's endowment by 2050, according to a company report published Thursday.
Weeks after student organizers at Columbia University announced a tuition strike to protest their administration’s “flagrant disregard” for proposed university-wide demands, Harvard student activists have not indicated if they will organize a tuition strike of their own.
Experts said that while early indicators of the success of Harvard Management Company’s “five-year” plan are promising, it will take years for the long-term impacts of the plan to become clear.
Harvard Management Company — the firm managing the University’s $41.9 billion endowment — may have bought Bitcoin as early as 2019 from market exchanges, per a Monday CoinDesk report.
Harvard Management Company has completed its “five-year” organizational and investment restructuring plan more than one year ahead of schedule, HMC CEO N.P. “Narv” Narvekar announced in a message to University affiliates Tuesday.
Japanese Government Advisor Threatened Harvard Management Company With Regulatory Probe In Critical Vote on Toshiba Chief Executive’s Replacement, per Report
A Japanese government advisor threatened Harvard Management Company with a regulatory probe if Harvard did not cast a critical vote in support of Toshiba’s management at the company’s annual shareholders meeting last July, Reuters reported last month.
Harvard will not apply for federal aid from the latest Congressional Covid-19 stimulus package, University spokesperson Jason A. Newton wrote in a statement Monday.
Harvard is set to receive nearly $7 million in aid from the latest Congressional stimulus package, according to an analysis published Thursday by the American Council on Education, a higher education interest group.
New Harvard Graduates No Longer Eligible For Alumni Email Addresses As University Explores Alternative Services
Jokes That Aren’t Funny: Racism and Harassment in Student Traditions
800 Harvard Affiliates Sign Letter Rebuking ‘Anti-Israel Sentiment’ on Campus
Blue Bottle Coffee Permanently Pours Out of Harvard Square
Harvard Will Not Hold In-Person Shopping Week for Third Semester in a Row This Fall