University Finances
Analysis: Precedent for Divestment Suit Is Tenuous, Legal Experts Say
Harvard divestment advocates caught national attention when they took their fight to court last week, but legal experts say the case’s claims may ultimately be too tenuous to be heard.
Harvard Will Keep Controversial Health Plans, Faust Says, But Will Subsidize Some Affected Employees
University President Drew G. Faust wrote Thursday night that Harvard will keep the controversial changes in place for 2015 but will also establish a fund to mitigate cost increases for some employees and explore alternative plan designs for the future.
Riding Fundraising Wave, Harvard Posts Small Surplus
Harvard’s small surplus is a move into the black after recent years of deficits large and small. The progress was largely fueled by the first public year of fundraising for the Harvard Campaign.
Faculty Unanimously Passes Motion Asking Corp. To Reverse Health Benefits Changes
A tense back and forth between administrators defending the policy changes and FAS professors, who loudly applauded each other after each statement condemning the policy, followed the introduction of the motion.
Garber Defends Benefits Changes at Faculty Meeting
University Provost Alan M. Garber ’76 argued that increases in health care costs at Harvard necessitated adjustments, including the introduction of a deductible in some instances and a 10 percent co-pay.
Faculty Grows to Largest Size Ever, Report Shows
The size of the faculty had remained flat since the onset of the financial crisis until the last fiscal year. Its renewed growth comes even as the school ran a $77 million deficit, according to a copy of the draft report obtained on Monday.
Budget Claims Behind Health Plan Changes Don’t Add Up
The jump in costs that Hausammann described did take place, but over the course of only two years and more than a decade ago.
Stephen Blyth
Stephen Blyth, pictured at the Phi Beta Kappa Literary Exercises in 2013, was named the next president and CEO of Harvard Management Company on Wednesday.
Stephen Blyth Named Next President and CEO of Management Company
Blyth, who is currently a managing director and head of public markets at HMC as well as a professor of statistics, will assume the role Jan. 1, 2015.
Endowment Grows to $36.4B with 15.4 Percent Return
The investment gains leave Harvard’s endowment just short of its $36.9 billion peak, which was reached in June of 2008, before the global financial crisis.
Recent Gifts Support Arts, Humanities
Faust made it clear in an interview on Tuesday that the humanities will be a focus for her during the academic year.
Latest Figures Show Univ. on Pace To Raise $2B in Single Year
Harvard has raised at least $4.3 billion in pledges and donations during its University-wide capital campaign so far, including $500 million in the second quarter of 2014 alone.
Faculty for Divestment Renew Call for Open Forum
Members of Harvard Faculty for Divestment called once again for an open and public forum with members of the Harvard Corporation and the Harvard Management Company on Tuesday.
Julio Frenk
Julio Frenk, the dean of the Harvard School of Public Health, talks on Monday about the school's history, its achievements, and the future of public health across the globe.
Faust and Chan
Gerald L. Chan, left, and University President Drew G. Faust embrace as Faust welcomes Chan on stage at the Harvard School of Public Health Monday afternoon for the unveiling of his foundation's $350 million gift.
Workers, Experts Weigh Impact of Health Plan Changes
Some activists worry that the new plans may increase the cost of healthcare for non-union employees; others say that the changes help balance costs.
Law School CFO To Leave for Bates College
The Law School’s chief financial officer, Geoffrey S. Swift, has been named vice president for finance and administration and treasurer of Bates College, the school announced.
University Restructures Health Plans in Cost Control Measure
The University will significantly restructure the benefit plans it offers to non-union employees, cutting premiums but introducing, for the first time, a deductible at the point of care.
Management Co. Taps New Head of Public Equity
Ryan, who most recently served as the chief investment officer at MDR Capital Management in New York, will start his new role in September.
CFO Shore To Depart in September, Continuing String of Shake-Ups
Shore will be joining OnShape Inc., a technology start-up in Cambridge, as its CFO.
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.
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.
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.