University Finances
On Southeast Trip, Faust Talks Harvard’s Role
In addition to at least two policy-oriented speeches, University President Drew Faust addressed a gathering of more than 350 Harvard alumni and affiliates in Atlanta on the topic of “Education as a Civil Right.”
Management Company Sustainable Investing Chief To Depart
Pedicini, who will leave HMC after just two-and-a-half years, departs after her department suffered criticism from Divest Harvard over the Management Company’s steadfast refusal to fully divest the endowment from the fossil fuel industry.
Harvard Tuition Jumped 31 Percent Since 1998, Report Says
The price tag on a Harvard undergraduate education, when adjusted for inflation, increased by nearly one-third between 1998 and 2015, according to a recently released report by The Chronicle of Higher Education.
With Gift, Law School Starts Program in Jewish and Israeli Law
Mitchell Julis pointed to his family’s Jewish heritage and the value of his time at the Law School as his rationale for donating. He named the program after his mother and father and their families.
Faculty Hear Emerging Details on Renewed Gen Ed Program
The Faculty of Arts and Sciences together heard emerging details of what a renewed program in General Education could look like in the aftermath of the release of a report that deemed the College’s foundational curriculum “failing on a variety of fronts.”
Federal Funding Decreases
Harvard posted a budget surplus in the 2015 fiscal year despite decreasing federal research funding.
Following Restructuring, Libraries Report Large Savings
Harvard’s library system has reduced spending by $25 million in aggregate since 2009, largely due to a two-year restructuring effort completed in August 2012, according to an update distributed to the Faculty of Arts and Sciences prior to its meeting on Tuesday.
Divinity School Passes Halfway Point in Capital Campaign
University President Drew G. Faust said last month that the Divinity School’s campaign, which launched publicly in April 2014, has increasingly become a focus of the central administration.
Despite Federal Aid Cuts, Harvard Reports Budget Surplus
Federal grant cuts, private foundations and other non-federal sources have stepped up their contributions to minimize the damage to University operations.
Law School Begins Public Campaign With a Head Start
While most schools begin the public phase of their fundraising efforts with half to two-thirds of the goal reached, Harvard Law School has an unusual head start to its campaign.
SEAS Deficit Persists, Despite a $400 Million Gift
“Everyone has the impression that Frank has a $400 million check in his pocket,” said Sean R. Eddy, a professor of Applied Mathematics. “And of course it doesn’t work that way.”
Allston Residents Talk Flexible Funds and Task Force
Members of the Flexible Fund Executive Committee laid the groundwork for how the organization would distribute a total of $5.35 million towards North Allston public realm improvements, as part of Harvard’s $43 million community benefits package.
Ed School Breaks Fiscal Year Fundraising Record
The Graduate School of Education has raised $177 million toward its capital campaign as of Sept. 30, making fiscal year 2015 its most successful fundraising year ever with a record $50 million of donations.
Harvard Raises $6.1 Billion Toward $6.5 Billion Campaign Goal
Though the drive began with a $6.5 billion goal and a projected end year of 2018, Vice President for Alumni Affairs and Development Tamara E. Rogers '74 said Monday that Harvard will not raise that target.
Provost Lauds HarvardX, But Questions Its Financial Sustainability
Alan M. Garber '76 projected that the current models for funding Harvard's branch of the virtual education platform are unsustainable, given the high monetary and time cost of generating online material.
Harvard Law School Kicks Off $305 Million Capital Campaign
Harvard Law School raised $241 million of its $305 million of its goal during the quiet phase of its capital campaign, which launched with fanfare on Friday evening.
For Campaign Launch, Law School Looks To Rebrand Itself
Harvard Law School fundraisers plan to tell alumni in town for its capital campaign launch that the school has changed since they were students.
In Washington, Faust Advocates Climate Change Research
Faust emphasized the role that universities can have in combatting climate change and lobbied for increased federal funding for research.
Medical School Raises $467 Million in Capital Campaign
Harvard Medical School's $750 million capital campaign is now more than 60 percent of the way to its goal.
New Global Institute Grants $3.75M to China Climate Research
Based at the Harvard Center Shanghai, the new Harvard Global Institute will provide grants to research projects that focus on climate and energy science, economics, engineering, and environmental health.
Amy Falls Added to HMC’s Board of Directors
Falls, whose appointment was effective Sep. 28, worked at Morgan Stanley and Phillips Academy Andover before managing The Rockefeller University’s approximately $2 billion endowment. HMC announced the move on its website.
Judicial Restraint: Harvard Law School’s Tempered Campaign
“We would not be in a campaign right now if it wasn’t for the University’s desire to have the ‘One Harvard’ campaign, which of course we want to be a part of, but again creates an awkwardness,” said Steven Oliveira, the Law School’s dean for development and alumni relations.
Student Protesters Appeal Dismissal of Divestment Lawsuit
The plaintiffs claim in their 113-page appeal that Harvard has mismanaged its endowment by investing in “abnormally dangerous activities."
Ivy League Plus Endowment Returns
Harvard again trailed peer institutions on endowment returns in fiscal year 2015.