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Crimson staff writer

Virginia L. Ma

Crimson staff writer Virginia L. Ma can be reached at virginia.ma@thecrimson.com.

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Harvard Management Company
University Finances

Harvard’s Shareholder Panel Votes On Three Facebook Governance Measures

Harvard’s Committees on Shareholder Responsibility voted on three resolutions presented to Facebook shareholders during the last fiscal year, according to a report published earlier this month.

Harvard Management Company
Endowment

Harvard Management Company Sells Holdings in Tech, Increases Facebook Investments in Third Quarter

HMC sold its holdings in several technology and pharmaceutical companies while increasing its investments in Facebook in the third quarter of 2021.

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.

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.

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.

300 North Beacon CABIM building
Research

New Harvard-MIT Biotech Center Appoints CEO, Begins Construction on Facility

The University’s new biological research and manufacturing facility appointed biotechnology industry veteran Ran Zheng as its inaugural Chief Executive Officer and began construction on a 40,000 square-foot facility in Watertown, Mass. on Thursday.

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.

HMC Building
Endowment

Harvard Will Draw Further From Endowment in FY2022 Than Planned, Citing Strong Market Returns

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.

Thomas Hollister
Endowment

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.

HMC Building
Endowment

Harvard-Sponsored Hedge Fund TPRV Capital To Shutter Operations

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.

Donors by Gender
Fundraising

Philanthropy’s Glass Ceiling: A Gender Disparity Among Harvard’s Top Donors

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.

Mass Hall, Fall 2017
Central Administration

Harvard Could Be Eligible For $25 Million In Relief Funds Under Latest Stimulus Package, Per Report

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.

Harvard Management Company
University Finances

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.

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