“It seems to us a blow at the strength of American higher education, the excellence of American higher education, and the competitiveness of American higher education."
Since its launch in 2015, Harvard Law School has raised $365 million for its capital campaign.
Harvard's annual financial report indicates significant shifts in investment strategy in fiscal year 2017, including the jettisoning of billions in assets.
Steel magnate Lakshmi N. Mittal and his family donated $25 million to establish an endowment at Harvard’s South Asia Institute, retitling the institute in his namesake.
On her most recent trips to Washington, Faust has added yet another pressing, albeit more quotidian, item to her lobbying agenda: keeping the lights on in Harvard’s labs.
Yale University—the Ivy League school known for consistently leading the pack in annual investment returns—returned 11.3 percent on its investments for fiscal year 2017.
The Harvard Corporation has voted to allow schools to take capped amounts of money out of the endowment for the next three fiscal years in an effort to insulate budgets from fluctuations in Harvard’s investment returns.
Harvard returned 8.1 percent on its investments in fiscal year 2017, a “disappointing” performance the firm’s CEO called “a symptom of deep structural problems at HMC.”