University Finances

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Jane L. Mendillo

Harvard Management Co. CEO To Step Down

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.


After Raising $1 Billion in Seven Months, Harvard Campaign on Record-Shattering Pace

With $1 billion raised since the campaign's launch, Harvard has raised a total of $3.8 billion in its University-wide capital campaign.

Relative Size of Donations to Harvard
Central Administration

Popping the Question

From coordinating exclusive committees to presidential face time, Harvard’s behind-the-scenes fundraising arm lays the groundwork of a campaign.

Federal Reserve Bank of Boston - HMC Office
University Finances

Has HMC Lost Its Edge?

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.

James F. Rothenberg ’68
University Finances

Finnegan To Replace Rothenberg as University Treasurer

Harvard Corporation member Paul J. Finnegan ’75 will replace Corporation colleague James F. Rothenberg ’68 as Harvard’s treasurer on July 1

Harvard Business School
Harvard Business School

Business School Aims To Raise $1 Billion in Campaign

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.

Vineyard Lands
University Finances

Vineyard Lands

University Finances

Pershing Square Foundation Gives $17 Million To Fund Human Behavior Initiative

The gift will fund three new professorships and give grants to Harvard faculty and graduate students.

University Finances

Students Rally Against Harvard's Management of Timber Plantations in Argentina

The protest comes after much debate over the plantations, including allegations of mismanagement and the announcement of recertification of the plantations last week.

State of the University

University Will Adopt UN-Backed Investment Principles, Launch New Climate Change Initiatives

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.


Tax Reform Plan Could Cost Harvard Millions, Though Passage Unlikely

Congressman David L. Camp’s tax reform plan could cost Harvard tens of millions of dollars in endowment taxes if passed.


Management Company Names New Private Equity Director

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 Finances

Faust Expresses Disappointment in Divest Harvard Video Confrontation

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.

University Finances

With Campaign Underway, Harvard Has Raised $900 Million Since September

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.

Central Administration

Overtaxed Employees Pleased with University Response to Payroll Error

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.

A World Cup Malcontent

A World Cup Malcontent


Then Rain Comes


Rainy Day Impression


Saudade, or Nostalgia