Endowment
Harvard Suffered Losses on Real Estate Trades with Goldman Sachs
Harvard University participated in derivatives trades with Goldman Sachs in 2007 that exposed the University to losses as the real estate market collapsed, according to e-mails released by a Senate committee yesterday.
Endowment: Kennedy School of Government
The Harvard Kennedy School received a $5 million gift from Glenn Dubin, co-founder and CEO of Highbridge Capital Management. This gift will be used to launch a graduate fellowship fund.
Gifts to Major Colleges Decline
Donations to American colleges and universities fell nearly 12 percent during the fiscal year ending last June, the steepest decline in fundraising since the mid-1970s and a direct result of the recent recession, according to a report released by the Council for Aid to Education yesterday.
Professor Challenges Harvard's Governance Structure in the Huff Post
Former Dean of the College Harry R. Lewis ’68 has struck again with another op-ed panning the Harvard Corporation, the University’s highest governing body—this time in the Huffington Post.
Harvard To Borrow $480 Million To Fund Capital Projects, Refinance Debt
Harvard is borrowing $480 million to refinance its debt and to fund capital projects on campus, including the construction of a new Harvard Law School building, according to a credit rating report released Friday by Moody's Investors Service.
TOP 10 NEWS STORIES OF 2009
From a fiscal nightmare to a campus shooting, 2009 had it all. See the stories, events and people that made the top headlines this past year.
Provost Addresses Library Changes
University Provost Steven E. Hyman sought to reassure faculty members yesterday that the newly appointed committee for library changes would not overstep its bounds.
New Law To Help University Finances
University officials may increase endowment spending by as much as $50 million this year in light of a Massachusetts state ...
FAS Reports Surplus, Stresses Continuing Deficit Threat
In a move that clarified why administrators have tamed fiscal messages of late after months of stressing the Faculty of Arts and Sciences’ impending financial deficit, FAS Dean Michael D. Smith delivered the news Friday that the school had posted a $58.6 million surplus in its unrestricted funds for the fiscal year that ended June 2009.
University May Assume More Debt
After finishing the fiscal year saddled with an unprecedented $6 billion in debt, Harvard may borrow even more money this year to sustain various capital projects across campus, the University’s chief financial officer said last week.