University Finances
Different Goals, One University
As the University prepares for the public launch of a multi-billion dollar capital campaign, Harvard’s office of Alumni Affairs and Development, which is wrapping up a two-year “quiet phase,” is working to incorporate centralization into the campaign.
HMC's Private Equity Director Departs
Harvard Management Company’s Director of Private Equity Peter F. Dolan ’83 left HMC on Wednesday after nearly 20 years with the firm, according to a University official familiar with the matter.
Activist Group Condemns Endowment’s Link to Gunmakers
A student and alumni activist group criticized Harvard this week for its investment in an index fund that is a major shareholder of firearm manufacturer Smith & Wesson.
EdX Will Be Capital Campaign Priority
HarvardX, a branch of Harvard and MIT’s joint virtual learning venture edX, will be a priority for Harvard’s upcoming capital campaign, University President Drew G. Faust told The Crimson on Wednesday.
Anticipating Federal Cuts, Schools Streamline, Diversify Sponsored Funding
Regardless of what happens on Capitol Hill this week, Harvard will have to contend with decreased revenue from federal agencies by reevaluating its reliance on different sources of income.
Outside Funding at Harvard
The Federal Government supplies millions of dollars of research funding to Harvard every year. With the coming Sequester, much of this will not be renewed. On this map, Harvard's schools are colored by the proportion of their budget that is made up of sponsored programs. Click a school for more detail.
Medical Leaders Say Federal Cuts will Hurt Research
Enumerating the developments and cures made possible by federal sponsorship, medical researchers warned that a roughly five percent cut to all non-military programs would be devastating to Boston’s hospitals and universities—including Harvard.
Faust Delivers Address on Science Research, Sequestration
University President Drew G. Faust warned that cuts to federal research funding would endanger innovation, the economy, and “intellectual life” in the United States in a speech to the annual meeting of the American Association for the Advancement of Science.
HMC Creates New VP Position for Sustainable Investing
Harvard Management Company has created a new position devoted to researching and understanding sustainability issues related to the University’s $30.7 billion endowment.
HKS Students Vote in Favor of Responsible Investment
Students at the Harvard Kennedy School became Harvard’s second student body to vote yes on a referendum question supporting responsible investment of the University’s endowment.
Is College Worth the Money?
In this series, Flyby Staff Writer Olivia M. Munk identifies, dissects, and discusses ideas, articles, and opinions found in popular media and popular culture. She's here to inform you and to make you think—about what's out there, what it means to us, and what it might mean for you. WHAT IT IS In the wake of the Great Recession, formal college education and its ever-increasing price tag has been under scrutiny from the popular media. To make higher education accessible for all, Bill Gates, Florida governor Rick Scott, and others have proposed the implementation of a $10,000 bachelors degree program. Is it possible? A recent op-ed in the New York Times details Arthur C. Brooks' flirtation with traditional college, followed by what his parents fondly dubbed a "gap-decade," and finally a return to academia by correspondence. Brooks managed to complete his undergraduate degree as well as two graduate ones without obtaining a cent of debt, and most importantly, all for less than $10,000.
HKS Students To Vote on Social Choice Fund Referendum
After a fall semester that saw College students vote in support of a social choice fund and the University announce its plans to create one, Kennedy School students will vote next week on a referendum calling for Harvard to demonstrate a financial commitment to the new fund.
Harvard's Endowment Returns Beat the National Average for American Colleges
Harvard’s endowment returns beat the national average for American colleges and universities during the 2012 fiscal year.
Corporation Committee, Students Discuss Responsible Investing
The Harvard Corporation Committee on Shareholder Responsibility conducted two meetings with student groups on Friday to discuss socially responsible investing.
Harvard Lobbying Steady in 2012
Harvard’s Office of Federal Relations spent about $510,000 on lobbying in Washington D.C. in the calendar year of 2012, approximately the same amount as in 2011, according to public records filed with Congress.
Students, Corporation To Discuss Social Choice Fund
Five students will meet with the Harvard Corporation Committee on Shareholder Responsibility this Friday to discuss the details of a social choice fund, the creation of which the University announced in December.
After Fiscal Deal, Funding Cuts Still Loom for Harvard
Congressional lawmakers reached an eleventh-hour deal late Tuesday to avert the so-called fiscal cliff, largely postponing what will likely be far-reaching spending cuts expected to cost Harvard and other research universities millions of dollars in federal sponsorship.
Harvard Braces for Decline in Federal Funding
As Washington lawmakers scramble to reach a last-minute budget deal before the end of the year, Harvard and other research universities are bracing for what would be the most dramatic cut in federal research funding in recent history.
Harvard To Establish Social Choice Fund
Following months of pressure from students and alumni and similar decisions at other schools, Harvard announced on Thursday that it will create a social choice fund.
University Leaders To Meet With Divestment Advocates
University leaders will sit down with student advocates of fossil fuel divestment and explore the possibility of creating a social choice fund, senior University officials told The Crimson this week.
Harvard Corporation Increases Endowment Distribution
The Harvard Corporation approved a 2 percent increase in Harvard’s endowment distribution, the revenues which the University receives annually from the endowment, from fiscal year 2013 to fiscal year 2014, according to an excerpt from Harvard’s budget guidance documents obtained by The Crimson.
University Leaders To Meet With Student Advocates About Divestment
University leaders will sit down with student advocates of fossil fuel divestment and explore the possibility of creating a social choice fund, senior University officials told The Crimson this week.
As Other Colleges Discuss Divestment, Harvard Stays Mum
While a number of colleges have expressed enthusiasm at the overwhelming Harvard student support for the divestment of the University’s endowment from the fossil fuel industry, many student leaders also voiced concern at the Harvard administration’s silence on the issue.
University 'Not Considering' Divestment
A week after about 2,600 undergraduates voted in support of a referendum calling for Harvard to divest its endowment from the fossil fuel industry, a Harvard spokesperson said on Wednesday that the University has no plans to adjust its investment portfolio in response to the student plebiscite.