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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.
Federal funding for Harvard research fell by 5 percent in fiscal year 2014 following federal budget cuts.
2014 was a year of change and controversy as Harvard affiliates reacted to events on campus and across the nation. In this feature, Crimson Multimedia uses photo and video to recap the 10 biggest stories of 2014.
The Vermont group is the first alumni club to officially back the divestment movement, according to club president Charles A. Boright ’68. The club’s position comes after months of discussion and research on the topic.
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.
In her final interview of the year with The Crimson, Faust reflected on her role in several hot-button campus issues, including sexual assault policies and protests regarding two controversial non-indictments.
Benjamin Franta, a Harvard Graduate School student, and Alli J. Welton ‘15 discuss the carbon budget and fossil fuel reserves at their rally in Harvard Yard on March 11, 2014.
Six of the seven student plaintiffs who filed the lawsuit last week that seeks to compel the University to “immediately withdraw” its holdings from fossil fuel companies discussed their case on Tuesday.
Harvard divestment advocates caught national attention when they took their fight to court last week, but legal experts say the case’s claims may ultimately be too tenuous to be heard.
Harvard Will Keep Controversial Health Plans, Faust Says, But Will Subsidize Some Affected Employees
University President Drew G. Faust wrote Thursday night that Harvard will keep the controversial changes in place for 2015 but will also establish a fund to mitigate cost increases for some employees and explore alternative plan designs for the future.
Harvard’s small surplus is a move into the black after recent years of deficits large and small. The progress was largely fueled by the first public year of fundraising for the Harvard Campaign.
A tense back and forth between administrators defending the policy changes and FAS professors, who loudly applauded each other after each statement condemning the policy, followed the introduction of the motion.
University Provost Alan M. Garber ’76 argued that increases in health care costs at Harvard necessitated adjustments, including the introduction of a deductible in some instances and a 10 percent co-pay.