University Finances
Yale Endowment Returns Top Harvard, But Trail Ivy Peers
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.
Corp. Sets Minimum Endowment Distribution Amid Financial Constraints
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’s Endowment Returns, Explained
Harvard’s endowment posted an 8.1 percent return on its investments for the fiscal year. Here’s what that means, and why it matters.
Harvard Returns 8.1 Percent in ‘Disappointing’ Fiscal Year 2017
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.”
Strong Public Markets May Bode Well for Harvard
Robust growth in public markets may portend growth for Harvard's endowment in fiscal year 2017.
HMC to Unload Private Equity Assets
Harvard Management Company—the firm managing Harvard’s $35.7 billion endowment—is nearing the final stage in talks to sell over $2 billion in private equity and real estate assets to Lexington Partners.
Capital Campaign Total Hits $8 Billion With Year to Go
With a year still remaining in its record-shattering capital campaign, Harvard has raised $8 billion in donations.
Harvard’s Endowment Plans to Sell $70 Million of Cows and Farmland Assets
Not even Harvard’s cows are safe as Harvard Management Company undergoes a radical restructuring that it hopes will reverse a decade of lackluster returns.
In Letter, Faust Commits to Climate Progress
University President Drew G. Faust signed a statement affirming Harvard’s commitment to make progress on climate change.
After the Capital Campaign
Though Harvard's capital campaign is scheduled to end next year, some say the money will not—and cannot—stop pouring in.
The Rise and Fall of HMC
Harvard Management Company's new CEO is leading an effort to revamp the University's investment arm.
'A Win-Win': Executive Education
University leaders trumpet alternative programs as the future of education. Conveniently, they're also quite lucrative.
The New Corporation Man
Billionaire financier and philanthropist David Rubenstein is emblematic of the changing Harvard Corporation.
Faust Made $1.4 Million in 2015
University President Drew G. Faust earned just over $1.4 million in compensation in calendar year 2015.
Spending Bill ‘Bodes Well’ for Research Funding, Faust Says
"I think the Congress spoke with a rather bipartisan, resolute voice in favor of the things that I’ve been arguing for, so that was a very good sign," Faust said.
Despite Divest Cheers, Harvard Maintains Investment Approach
After a Harvard Management Company official said that the natural resources portfolio is "pausing" investments in fossil fuels, the University maintained that the remarks did not represent a change in investment strategy.
In D.C., Faust Calls for Government Backing of Universities
Faust said the renown of American universities is “contingent” on continued federal support during a panel discussion with university presidents in the nation’s capital.
Yale’s Annual Endowment Report Defends High Fees for External Managers
As Harvard cuts the size of its internal workforce and begins to outsource its funds to more expensive external managers, Harvard Management Company will begin to more closely resemble investment offices at Yale and other peer institutions.
Harvard ‘Pausing’ Investments in Some Fossil Fuels
Harvard Management Company’s head of natural resources Colin Butterfield said that Harvard is “pausing” investments in some fossil fuels.
Faust Meets with Donors and Alums in Los Angeles
University President Drew G. Faust took a trip to Los Angeles, Calif. this week “to catch up with alumni and donors on the West Coast."
Schools Will be 'Differentially' Affected by Endowment Returns, Faust Says
As Harvard seeks to cope with disappointing endowment returns from last fiscal year, some of the University's twelve constituent schools will be harder hit than others.
In FAS Budget Woes, Echoes of Recession Era
Years of anemic endowment returns have forced FAS to make difficult choices to cope with a financial reality far from the halcyon days of the early 2000s.
Cost of Enrollment Rises 4.1 Percent, Marks Largest Increase in Decade
The cost of attending Harvard College will be $65,609 in the 2017-2018 academic year, representing a 4.10 percent increase from last year.
Divest Harvard Blockade
Kirsi Anselmi-Stith '18 holds up a Divest Harvard banner in front of University Hall. Around 20 members of the group blockaded entrances to the building Wednesday morning in protest of Harvard's decision not to divest from the coal industry.