With a year still remaining in its record-shattering capital campaign, Harvard has raised $8 billion in donations.
Adams construction is expected to overlap slightly with the two years of construction on Lowell House, which is set to begin in June and end in August 2019, according to FAS Dean Michael D. Smith.
Kennedy School Dean Douglas W. Elmendorf says the school will focus on funding student financial aid, an ongoing construction project set to finish next winter, and developing programs that engage with “digital technology and governance.”
Charles C. Spackman ’94, a prominent Harvard donor, has been accused of defrauding investors while reaping a personal profit of approximately $100 million.
In an apparent deviation from the rest of Harvard's fundraising practices, the Business School announced last week that it will seek to raise an additional $300 million after having reached its $1 billion goal.
The "drying up of some funds" has prompted Harvard’s Faculty of Arts and Sciences to reduce the number of admissions slots for graduate students this year.
Harvard raised $1.19 billion in fiscal year 2016, marking the University's largest fundraising haul in a single year.
The Harvard Business School has surpassed its $1 billion capital campaign goal over a year ahead of the campaign’s deadline, prompting a $300 million addition to the original campaign goal.