University Finances
Divest Harvard Blockades University Hall
Around 20 members of Divest Harvard blockaded entrances to University Hall Wednesday in protest of Harvard’s stance on investing in the coal industry.
HMC Will Invest At Least $300 Million to Spun-Off Hedge Fund
Months after announcing it would radically revise its investment strategy by the end of the fiscal year, Harvard Management Company will invest at least $300 million into a hedge fund formed by some of its former money managers.
David Rockefeller, Major Harvard Donor, Dies at 101
David Rockefeller '36 donated at least $140 million to the University, making him one of Harvard's most generous financial supporters.
Divest Harvard Plans to Blockade Massachusetts Hall
Divest Harvard is planning to occupy Massachusetts Hall next week in protest of Harvard’s decision not to divest from the coal industry.
Professors, University Decry 'Devastating' Trump Budget Proposal
A University spokesperson harshly condemned President Donald Trump’s proposed 2018 budget as “devastating” and “unprecedented” Monday.
Currier House Faculty Deanship First to be Renamed Following Donation
Currier's Faculty Deans will now be known as the X. D. and Nancy Yang Faculty Deans of Currier House following a gift from the couple.
Twenty-Six Students Awarded Fulbright Scholarships
This year marks the first time in three years that Harvard fell behind some peer institutions in producing Fulbright Scholars.
FAS To Run ‘Reasonably Small’ Budget Deficit
The Faculty of Arts and Sciences will run a budget deficit in the coming year, according to FAS Dean Michael D. Smith.
Kennedy School Raises $580 Million in Capital Campaign
Kennedy School Dean Douglas W. Elmendorf says the school will focus on funding student financial aid, an ongoing construction project set to finish next winter, and developing programs that engage with “digital technology and governance.”
Former Law School Employees Called Before Court Over Theft Accusations
Former Harvard Law School administrator Darris M. Saylors was arraigned in Cambridge District Court last week, beginning court proceedings that accused her of stealing funds from the school between 2012 and 2013.
Climate Change Solutions Fund Awards $1 Million to Seven Research Projects
Harvard’s Climate Change Solutions Fund awarded approximately $1 million in grants to scholars from across the University, funding seven projects dedicated to understanding and combating climate change.
Court Orders Harvard to Provide Donor’s Financial Information
Charles C. Spackman ’94, a prominent Harvard donor, has been accused of defrauding investors while reaping a personal profit of approximately $100 million.
Alumni Group Critiques Harvard’s Investment Strategy in Letter to Faust
Members the Class of 1981 suggested significant changes to Harvard Management Company’s investment philosophy in a letter to Faust.
Harvard Will Pay HMC Chief $6 Million Per Year
The chief executive of Harvard Management Company, will receive nearly $6 million in compensation from the University per year over the next three years.
With Additional Target, Business School Charts Separate Fundraising Course
In an apparent deviation from the rest of Harvard's fundraising practices, the Business School announced last week that it will seek to raise an additional $300 million after having reached its $1 billion goal.
Higher Fees at HMC 'Worth Undertaking,' Faust Says
"The sense was that the fees that would be charged by external managers in relationship to the insight and success of external managers was worth undertaking,” Faust said.
Three Investment Managers To Depart HMC to Form Hedge Funds
Weeks after the Harvard Management Company announced its intent to lay off nearly half of its 230-person staff, three of the firm’s investment managers will leave the company to form their own hedge funds, according to Bloomberg.
Harvard Alumnus Brian Rogers Named to Harvard Management Co. Board
Brian C. Rogers ’77, a prominent investment manager and philanthropist, has joined the Harvard Management Company's board of directors.
FAS Will Cut Grad Student Admissions by 4.4 Percent
The "drying up of some funds" has prompted Harvard’s Faculty of Arts and Sciences to reduce the number of admissions slots for graduate students this year.
Some Alumni Encouraged by HMC Changes
While some alumni said they are cautiously optimistic about the changes at HMC, others remain focused on compensation structures at the firm.
Harvard Spent Over Half a Million Dollars Lobbying Congress in 2016
Harvard spent over half a million dollars lobbying the federal government in 2016, a number that has held relatively steady for the past five years.
With an External Real Estate Team, HMC May Face Increased Fees
Experts say that if the real estate team continues to do business with Harvard Management Company as an external management unit, it could earn salaries well above what members of the team drew in at HMC for doing mostly the same job.
Harvard’s Endowment Returns Trails National Average, Report Says
Harvard’s endowment grew slower than was average for university endowments in fiscal year 2016, according to a recent report from the National Association of College and Business Officers.
Harvard's Wealth Lagging Behind Peers
Harvard’s wealth has grown at a slower rate than that of its peer institutions in the past five years, a brief report from Moody’s Investors Service recently found.
Trump’s Proposed Tax Code Changes Could Affect Harvard Fundraising
Tax experts say Trump's proposed changes to the tax code could affect fundraising at institutions like Harvard.