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University Finances

HMC Building
Central Administration

Despite Historic Returns, Harvard Endowment Still Trails Ivy League Peers

Though the Harvard Management Company reported record-breaking returns last Thursday, several financial experts said it still lags behind the performance of key financial indices and its peer institutions.

Harvard Management Company
Endowment

Harvard’s Endowment Soars to $53.2 Billion, Reports 33.6% Returns

Harvard Management Company returned 33.6 percent on its investments for the fiscal year ending in June 2021, skyrocketing the value of the University’s endowment to $53.2 billion, the largest sum in its history.

Massachusetts Hall
Endowment

Harvard Ended Fiscal Year 2021 with $283 Million Surplus, Despite Losing $124 Million in Revenue

Harvard finished the fiscal year ending in June 2021 with a budget surplus of $283 million, despite a $124 million drop in revenue, according to the University’s annual financial report released Thursday.

Buyout Numbers Graphic
Central Administration

Nearly 700 Harvard Workers Take Buyout Incentive

Just shy of 700 Harvard employees took buyouts last year as part of an early retirement program designed to cut costs amid the coronavirus crisis.

HMS 2
Harvard Medical School

HMS Dean Outlines Financial, Institutional Goals in State of the School Address

Harvard Medical School Dean George Q. Daley ’82 lauded HMS faculty, affiliates, students, and staff for their work during the Covid-19 pandemic and reiterated institutional values in his State of the School address over Zoom Tuesday.

HMC Building
Endowment

Experts Predict Strong Harvard Endowment Returns Ahead of October Report

Several financial experts predicted that the Harvard endowment will post returns of at least 20 percent for fiscal year 2021, which would bring the endowment to its largest sum in history.

Loeb House
Central Administration

Bacow Insists Harvard’s Move to End Fossil Fuel Investments is ‘Consistent’ with Past Positions

When University President Lawrence S. Bacow said earlier this month that Harvard would move to end its investments in the fossil fuel industry, the activists who had been pushing him to do so for years celebrated the news as a seismic shift.

Divest Rally
Endowment

Celebrating Harvard’s Divestment Decision, Fossil Fuel Divest Organizers Lay Out Next Steps

Fossil Fuel Divest Harvard plans to encourage the University to invest in green economic initiatives after Harvard’s surprise announcement that it intends to divest from fossil fuels.

California Olive Oil
University Finances

Harvard Endowment Linked to Contentious Battle Over California Olive Oil Labeling

Harvard became entangled in a feud over olive oil earlier this year when the California Legislature moved to regulate how the community is labeled — in part in response to the business practices of a company previously owned by Harvard Management Company.

Divest Rally
University Finances

Harvard Will Move to Divest its Endowment from Fossil Fuels

Following years of public pressure, Harvard said Thursday that it would allow its remaining investments in the fossil fuel industry to expire, meaning that it will eventually divest from the sector.

HPDC Rally
On Campus

Harvard Prison Divestment Campaign Rallies on Anniversary of Attica Prison Rebellion

Members of the Harvard Prison Divestment Campaign organized a rally Thursday afternoon calling on Harvard to divest from industries, companies, and funds they say are part of the “prison-industrial complex.”

Department of Education DOE
Politics

Harvard Declines Federal Pandemic Aid For Third Consecutive Time

Harvard will not accept federal aid from the American Rescue Plan Act, the federal stimulus package passed in March — the third time the University has refused rescue funds since the start of the pandemic.

State House
University Finances

Mass. State Reps. Introduce Bill Seeking To Compel Harvard To Divest From Fossil Fuels

Massachusetts State Reps. Michael L. Connolly and Rep. Erika Uyterhoeven introduced a bill this week that would seek to use the state’s constitutional oversight authority to compel Harvard to divest its holdings in the fossil fuel industry.

Massachusetts Hall
Endowment

Bacow Made $1.2 Million During First Full Year of Presidency, Financial Disclosures Show

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.

William F. Lee
Fundraising

Harvard Corporation Senior Fellow Bill Lee Lauds ‘Really Positive’ Fundraising Year Despite Pandemic

Harvard Corporation senior fellow William F. Lee ’72 said in an interview Wednesday that the University expects high fundraising returns by the end of the fiscal year despite challenges posed by the Covid-19 pandemic.

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