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University Finances

U.S. Capitol
University Finances

‘There’s Very Little There’: Technologists, Including at Harvard, Urge Lawmakers to Resist Crypto’s Siren Song

In recent years, crypto proponents have poured millions of dollars into lobbying efforts in Washington. This month, a group of concerned technologists are pushing in the opposite direction.

Harvard Management Company
Endowment

GOP Congressman Takes Aim at Harvard’s Potential Endowment Links to Chinese Companies

U.S. Representative Gregory F. Murphy (R-N.C.) called on Harvard to disclose and divest its endowment from any potential holdings in Chinese companies deemed a threat to national security by the federal government in a letter to the school last week.

Harvard President Lawrence S. Bacow
Endowment

Bacow Presses Lawmakers on University Endowment Tax, Foreign Funding Disclosures During Trip to Washington

Last week University President Lawrence S. Bacow traveled to Washington, D.C., to lobby against taxes on large university endowments and tightened federal regulations for foreign funding disclosures.

FAS

Harvard President Lawrence Bacow Made $1.1 Million in 2020, Financial Disclosures Show

Harvard University President Lawrence S. Bacow earned $1.13 million in 2020, a pay cut from his compensation during the first full year of his presidency in 2019.

Divest Rally
Student Groups

Divest Harvard Releases Report Calling for ‘Reinvestment,’ University Governance Reform

Fossil Fuel Divest Harvard — a student and alumni group that for years advocated that the University divest its endowment from fossil fuels — released a report last week calling on the school to invest more in environmental causes and local municipal governments and to reform its governing boards.

Weather: Harvard Yard
University Finances

Harvard CFO Says the University’s Revenues Have ‘Rebounded’ to Pre-Pandemic Levels

Vice President for Finance and Chief Financial Officer Thomas J. Hollister said the University’s revenues have “rebounded” to pre-pandemic levels, placing Harvard in a “healthy” financial condition, in an interview last Thursday.

HMC Building
University Finances

Harvard Issues First-Ever Green Bonds to Finance Campus Construction Projects

Harvard issued its first-ever green bond — debt instruments that align with international sustainability standards — earlier this month.

Harvard Radcliffe Institute for Advanced Study
Central Administration

Harvard Pledges $100 Million to Redress Ties to Slavery

Harvard committed $100 million to redress its ties to slavery after a historic report released Tuesday found that slavery played an “integral” role in shaping the University.

HUIT
Central Administration

IT Oversight Left Thousands of Harvard Internal Files Vulnerable — Again

Last fall, a massive security oversight allowed anyone with a Harvard key access tens of thousands of administrative files. Up until recently, a second data insecurity allowed Harvard affiliates to still view thousands of documents.

Harvard Divinity School
Harvard Divinity School

Harvard Divinity School Will Increase Stipend Amounts for Scholarship Packages This Fall

The Harvard Divinity School will increase its stipend payouts for need-based and merit scholarship packages beginning this fall.

Number of Direct Public Securities Held, 2013-2021
Central Administration

After Initial Sell-Off, Harvard Endowment Has Slowly Increased Number of Public Holdings Under Narvekar

The number of stocks in the Harvard endowment has slowly crept back up in recent years after the Harvard Management Company sold off the vast majority of its public holdings when N.P. “Narv” Narvekar took over as its CEO.

Financial Ties to Russia
Harvard Medical School

Harvard Says it is Not Directly Invested in Russian Companies, but Previous Donations Draw Scrutiny

Harvard does not hold direct investments in Russian companies, University spokesperson Jason A. Newton wrote in a statement to The Crimson Wednesday.

Harvard Management Company
College Finance

Endowment Scraps Apple, Slashes Facebook Holdings in Fourth Quarter

HMC’s acquisitions and liquidations were reported in its latest filings with the Securities and Exchange Commission, which requires investment managers who oversee more than $100 million in assets to disclose their public securities portfolio each quarter.

Harvard Management Company
University Finances

Harvard Management Company Operations Set to Become Carbon Neutral

The Harvard Management Company will be carbon neutral in its internal operations for fiscal year 2022 — a first among university endowment offices in the United States — according to the company report released Thursday.

Ten Stories that Shaped 2021

Ten Stories That Shaped 2021

At Harvard, 2021 was a year marked by change. The school’s long-awaited return to in-person operations injected new life into a campus that had been left dormant for over a year by Covid-19. And in an unexpected shift, the University announced its intention to divest its endowment from fossil fuels after a decade of public pressure. Separately, faculty controversies — including a federal conviction and a high-profile departure — ignited debates that rippled across academia. Below, The Crimson looks back at the 10 stories that shaped the last year at Harvard.

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