- Subscribe via RSS
Taking in gifts and pledged donations from more than 6,000 contributing households, the Radcliffe Institute has reached the 60 percent threshold of its capital campaign funding target.
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.
The plaintiffs, who call themselves the Harvard Climate Justice Coalition, allege that Harvard is mismanaging its endowment in “abnormally dangerous activities.”
The Kennedy School of Government has raised a total of $383 million towards a $500 million capital campaign goal, according to spokesperson Doug Gavel.
In an open letter posted online early Friday morning, more than two dozen alumni called for fellow University graduates to gather in Harvard Yard for the protest that organizers are calling “Harvard Heat Week.”
Members of Harvard Faculty for Divestment praised the goals of a recent student sit-in of Massachusetts Hall, arguing that the protest returned attention to demands that the University withdraw its investments in fossil fuel companies.
Divest Harvard aims to launch a fossil fuel-free fund to which alumni can donate as an alternative to the University’s endowment, according to the group’s announcement from earlier this month.
Fourteen remaining protesters demanding that Harvard divest from fossil fuels left the administrative building Friday morning at about 10 a.m.
The meeting comes on the heels of faculty criticisms of changes to the health benefits policy for Harvard’s non-union employees and the University’s approach to announcing and devising the changes.
A group of more than 30 stormed and occupied the building Thursday morning, demanding that Harvard divest its $35.9 billion endowment from fossil fuels.
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.”
The committee that recommended a controversial new health benefits policy said it expects less than 1 percent of families enrolled in the medical program to reach the family out-of-pocket maximum of $4,500.
The $5 billion figure comprises nearly 300,000 gifts from 100,000 households, according to Vice President for Alumni Affairs and Development Tamara E. Rogers '74.
Harvard posted a record-breaking total of $1.16 billion in gifts in Fiscal Year 2014, according to a survey by the Council for Aid to Education.
For the first time since 2004, Harvard outraised Stanford in Fiscal Year 2014, posting a record-breaking total of $1.16 billion in gifts.