Endowment
Divinity School to Fund Andover Hall Renovations
As the Harvard Divinity School’s capital campaign exceeds the halfway mark, its hallowed Andover Hall will undergo a transformation into a central hub of activity for multifaith religion, academic study, and events addressing social issues.
Endowment Returns Outpace National Average
For the first time since the 2012 fiscal year, Harvard’s endowment grew at a faster rate than the national average for American colleges and universities in FY 2015.
Corporation Addresses Fracking, Political Contributions
In 2015, the two committees—the corporation committee, which consists of four members of the Corporation, and the Advisory Committee on Shareholder Responsibility, a 12-member panel of students, faculty, and alumni—voted on 54 proposals.
Kennedy School Nears $500 Million Campaign Goal
With $460 million raised, the school has brought in 92 percent toward its $500 million fundraising target.
Management Company Sustainable Investing Chief To Depart
Pedicini, who will leave HMC after just two-and-a-half years, departs after her department suffered criticism from Divest Harvard over the Management Company’s steadfast refusal to fully divest the endowment from the fossil fuel industry.
SEAS Deficit Persists, Despite a $400 Million Gift
“Everyone has the impression that Frank has a $400 million check in his pocket,” said Sean R. Eddy, a professor of Applied Mathematics. “And of course it doesn’t work that way.”
Despite Federal Aid Cuts, Harvard Reports Budget Surplus
Federal grant cuts, private foundations and other non-federal sources have stepped up their contributions to minimize the damage to University operations.
Law School Begins Public Campaign With a Head Start
While most schools begin the public phase of their fundraising efforts with half to two-thirds of the goal reached, Harvard Law School has an unusual head start to its campaign.
Divinity School Passes Halfway Point in Capital Campaign
University President Drew G. Faust said last month that the Divinity School’s campaign, which launched publicly in April 2014, has increasingly become a focus of the central administration.
Harvard Raises $6.1 Billion Toward $6.5 Billion Campaign Goal
Though the drive began with a $6.5 billion goal and a projected end year of 2018, Vice President for Alumni Affairs and Development Tamara E. Rogers '74 said Monday that Harvard will not raise that target.
Harvard Law School Kicks Off $305 Million Capital Campaign
Harvard Law School raised $241 million of its $305 million of its goal during the quiet phase of its capital campaign, which launched with fanfare on Friday evening.
Amy Falls Added to HMC’s Board of Directors
Falls, whose appointment was effective Sep. 28, worked at Morgan Stanley and Phillips Academy Andover before managing The Rockefeller University’s approximately $2 billion endowment. HMC announced the move on its website.
Student Protesters Appeal Dismissal of Divestment Lawsuit
The plaintiffs claim in their 113-page appeal that Harvard has mismanaged its endowment by investing in “abnormally dangerous activities."
Ivy League Plus Endowment Returns
Harvard again trailed peer institutions on endowment returns in fiscal year 2015.
Endowment’s Performance Is Concerning, Faust Says
After another year of lackluster returns at Harvard Management Company, University President Drew G. Faust said Tuesday that she is concerned about the company’s performance.
FAS Endowment Growth
While the size of the Faculty of Arts and Sciences decreased slightly in fiscal year 2015, its endowment grew to more than $16.1 billion, the highest point since 2008.
Two Top Harvard Management Company Executives Depart
Eight-year fixed-income manager Marco C. Barrozo and Satu Parikh, who joined HMC in 2011 as managing director and head of commodities, departed recently with little notice.
Faculty Growth Stalls Again in 2015, Report Says
After a year that saw a spike in faculty growth for the first time since the financial crisis, the size of the Faculty of Arts and Sciences stalled again in fiscal year 2015.
Blyth Plans Big Changes to Management Company Structure
Stephen Blyth, who took over for Jane L. Mendillo on Jan. 1, made it clear Tuesday that he plans to chart a new course as Harvard Management Company's CEO.
Endowment Returns 5.8 Percent, Growing to $37.6 Billion
Harvard Management Company beat most of its internal benchmarks and the general market indices but lagged behind notable peer institutions such as MIT and Stanford.
Amid Volatility, Experts Say Management Company Should Hold Course
Finance experts say that despite both domestic and international market volatility, the Harvard Management Company should stay its course and not make drastic changes to investment portfolio.
Wiltshire Will Leave Harvard Management Company
Andrew G. Wiltshire joined HMC—the University’s investment arm that oversees its $35.9 billion endowment—in 2001 as a natural resource specialist.
Despite Progress, No Plans To Raise Campaign Target
University President Drew G. Faust wants to target future fundraising at campaign priorities that have not yet attracted major giving.
Study: University Could Lose $108 Million Annually If It Divests
The study, funded by a lobby organization for the petroleum industry, examined the cost of divestment for Harvard and four other universities.
Harvard Management Company Elects Two New Board Members
A former Federal Reserve board governor and a co-founder of the Los Angeles-based Canyon Partners hedge fund joined the board in July.