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After helping Harvard’s endowment recover from a global financial crisis, Harvard Management Company President and CEO Jane L. Mendillo will depart her post at the end of 2014.
With $1 billion raised since the campaign's launch, Harvard has raised a total of $3.8 billion in its University-wide capital campaign.
From coordinating exclusive committees to presidential face time, Harvard’s behind-the-scenes fundraising arm lays the groundwork of a campaign.
At Harvard Management Company, the stakes are high, especially during Harvard’s record-seeking capital campaign. But in contrast to the record yields HMC enjoyed from 1990 until the financial crisis, the company’s recent returns—which influence Harvard’s financial strength more than any donor can—now straddle the national average.
Harvard Corporation member Paul J. Finnegan ’75 will replace Corporation colleague James F. Rothenberg ’68 as Harvard’s treasurer on July 1
The school has already raised $600 million in gifts and pledges, putting it well on its way to fulfilling its share of the University-wide goal.
The gift will fund three new professorships and give grants to Harvard faculty and graduate students.
The protest comes after much debate over the plantations, including allegations of mismanagement and the announcement of recertification of the plantations last week.
The three-fold endeavor will launch a research-focused Climate Change Solutions Fund, increase sustainability measures on campus, and affirm the endowment’s commitment to environmentally sustainable and socially conscious investing.
Congressman David L. Camp’s tax reform plan could cost Harvard tens of millions of dollars in endowment taxes if passed.
Richard L. Hall '90 will replace Lane MacDonald ’88-’89, who stepped down in February, less than three months after being promoted to the position.
University President Drew G. Faust wrote in an email to Divest Harvard that she was disappointed in the way that the group, which calls for Harvard’s divestment from fossil fuel companies, presented a recent comment she made regarding the oil industry’s influence.
The figure has boosted the fundraising drive’s ongoing total to $3.7 billion, more than half of its goal, University President Drew G. Faust said on Wednesday.
Harvard employees said they are pleased with the way the University has dealt with the payroll error that overtaxed employees on more than $20 million of income between 2009 and 2013.