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.
The Harvard Kennedy School of Government has raised $570 million for its ongoing fundraising drive, surpassing its overall goal of $500 million, according to Dean Douglas W. Elmendorf.
With a year and a half left in its historic capital campaign, the Graduate School of Design has raised $92 million out of its $110 million goal, though several key initiatives such as financial aid and building expansion lag behind.
Incoming Harvard Medical School Dean George Q. Daley ’82 listed improving diversity, supporting the University’s capital campaign, and re-energizing faculty among his principal priorities when he takes charge of the school next month.
Brooklyn Nets point guard and alumnus Jeremy Lin ’10 will donate $1 million to Harvard to help fund undergraduate financial aid and ongoing renovations of Harvard’s basketball arena, the University announced Wednesday.
The School of Design, which operates on a leaner budget than many of Harvard schools, has long been one of Harvard’s smallest schools. Over the past 10 years, the Graduate School of Design’s enrollment has increased by 288 students.
The Hutchins Center for African and African American Research received $10 million for a new study of inequality experienced by African and African American residents in Boston’s poorer neighborhoods.