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Faust “reiterated” her plans to host the climate change forum this spring in a mid-December email to a group of 235 faculty members from across all of Harvard’s schools who have signed an open letter urging the University to divest from fossil fuels, her spokesperson said on Tuesday.
In November, seven students argued in an 11-page complaint that Harvard’s continued investment of its endowment represents “a breach of [Harvard’s] fiduciary and charitable duties as a public charity and nonprofit corporation.”
For the first time since 2004, Harvard outraised Stanford in Fiscal Year 2014, posting a record-breaking total of $1.16 billion in gifts.
The committees addressed several new topics, including fast food advertising and its possible connection to childhood obesity, corporate tax policies, and the impact that investing activities of certain companies may have on greenhouse gas emissions and climate change.
The 11-page complaint claims that investment in fossil fuel companies is “a breach of [the University’s] fiduciary and charitable duties as a public charity and nonprofit corporation.”
The Harvard Corporation has yet to discuss a unanimous vote made Tuesday by members of the Faculty of Arts and Sciences requesting that it reverse changes to the health plans Harvard offers to non-union employees, according to Corporation member James T. Rothenberg ’68.
The summit, which featured prominent speakers and panelists of Asian descent affiliated with the University, was organized by the Harvard Asian American Alumni Alliance.
Members of Divest Harvard, including Brett A. Roche '15, far right, who was arrested during a protest two days prior, returned to Massachusetts Hall on May 2, 2014 to renew their call for an open meeting with the Harvard Corporation.
Harvard has raised at least $4.3 billion in pledges and donations during its University-wide capital campaign so far, including $500 million in the second quarter of 2014 alone.
Members of Harvard Faculty for Divestment called once again for an open and public forum with members of the Harvard Corporation and the Harvard Management Company on Tuesday.
With the christening of the T. H. Chan School, Harvard has joined the ranks of institutions around the world that have traded naming rights for philanthropy.
Lawrence S. Bacow, the president emeritus of Tufts University and a member of the Harvard Corporation, will join the Kennedy School’s Center for Public Leadership as its inaugural leader-in-residence.
With senior fellow Robert D. Reischauer’s term up, the Corporation looks to a new, younger leader to continue its push for openness and transparency.
University Treasurer James F. Rothenberg ’68, pictured at Commencement in 2013, will step down from his post in July 2014.
Harvard Corporation member Paul J. Finnegan ’75 will replace Corporation colleague James F. Rothenberg ’68 as Harvard’s treasurer on July 1