Crimson staff writer
Sidney K. Lee
Latest Content
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.
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.
Ivy League Federal Lobbying Expenditure Rose 12% in 2023, Harvard Spent $530,000
Harvard spent $530,000 on lobbying the federal government in 2023, the lowest amount spent by the University in the past nine years.
Harvard Endowment’s Fossil Fuel Investments Drop Below 2%
The Harvard Management Company — which stewards the University’s $50.7 billion endowment — reported the endowment’s investments in fossil fuels have fallen below 2 percent, as the University remains on pace to fully divest from the industry by 2050.
Harvard Attracts Investors, Selling $750 Million in Taxable Bonds
After two credit rating agencies affirmed the University’s AAA rating, Harvard sold $750 million in taxable bonds at an advantageous rate, demonstrating strong investor faith in the school despite weathering a series of scandals last fall.
Harvard’s AAA Credit Rating Reaffirmed by S&P Amid Leadership Crisis and Donor Turmoil
Harvard will maintain its AAA credit rating from S&P, the credit rating agency announced in a report on Thursday, easing concerns that the University could see its rating downgraded amid the ongoing leadership crisis and a growing list of major donors cutting ties with the school.
Harvard Plans $1.65 Billion Debt Financing Amid Donor Turmoil
Harvard announced it is exploring a $1.65 billion bonds sale in an attempt to raise capital through debt financing despite poor macroeconomic conditions, a move that comes after the University faced months of donor backlash.
Harvard Slashes Healthcare Investments, Tech Rises to 98% of Portfolio
The Harvard Management Company increased its direct holdings of Alphabet and Meta and continued its major sell off of biopharma holdings — which now make up less than 1 percent of the portfolio — during the last three months of 2023.
Harvard Endowment Executives Meet with Silicon Valley Investors Amid University Turmoil
Harvard Management Company executives met with leading venture capital and private equity investors in Silicon Valley last week amid investor concerns over the University’s response to the Israel-Hamas war and allegations of antisemitism on campus.
HMC Managing Director Joined Business Leaders and Investors in Exclusive Israel Trip
Managing Director of Investment for the Harvard Management Company, Adam Goldstein, joined 65 business leaders and investors for a five day trip to Israel this week.
Latin American Restaurant Painted Burro Gallops Into Harvard Square
Painted Burro, a Latin American restaurant and tequila bar, opened its third location in Harvard Square last Monday.
Blank Street Coffee Brews Up a Stir in Harvard Square
Blank Street Coffee, a chain known for its efficiency and lower-priced coffee, celebrated its grand opening on Thursday with $2 drinks and lines spilling out into the Square.
Donut Miss Out: Union Square Donuts Rolls into Harvard Square
Boston-based donut chain Union Square Donuts made its debut in Harvard Square last Saturday.
Joe’s Pizza Expands its Dough-main into Harvard Square
New York-based chain Joe’s Pizza welcomed customers on Sept. 15, bringing the iconic taste of its NYC-style pizza to Harvard Square.
Dominican Restaurant Las Palmas Puts Down New Roots in Former Jefe’s Location
Las Palmas, a restaurant serving up dishes inspired by the Dominican Republic, relocated this summer to a new space just one block away from its former home in Smith Campus Center.
