Six and a half billion dollars. Is Harvard worth it?
The center, which has been renamed after donors Richard A. Smith ’46 and his wife Susan F. Smith, will undergo construction beginning in 2016.
Intellectual property lawyer and Harvard Corporation member William F. Lee ’72 will lead the Corporation starting in the summer of 2014, the University announced in a press release Tuesday afternoon.
Less than a week after University President Drew G. Faust released a letter reaffirming the University stance against divestment from fossil fuels, divestment advocates said they remain unsatisfied with Faust’s position and will continue their activism.
The letter serves as Faust’s first formal rebuttal to months of petitions and protests from both students and alumni groups pushing for divestment of Harvard’s $33 billion endowment from fossil fuel companies.
University President Drew G. Faust criticized President Barack Obama’s proposal to tie federal financial aid to government-created college rankings, a legislative goal that Obama has championed as a key step to making college more affordable.
The returns, which apply to fiscal year 2013, mark vast improvement from the previous fiscal year, during which the endowment’s value declined slightly to $30.7 billion.
An afternoon packed with star-studded events for Harvard’s alumni and donors kicked off the public phase of Harvard’s potentially record-breaking capital campaign on Saturday.
The University has already raised $2.8 billion in donations and pledges from more than 90,000 supporters in the fundraising drive’s quiet phase.
University alumni and donors from around the world are flocking to the Square this weekend to celebrate Saturday’s public launch of The Harvard Campaign—widely predicted to be the largest fundraising drive in University history.
Chinese history professor Peter K. Bol will assume the newly created position of Vice Provost for Advances in Learning, University Provost Alan M. Garber ’76 announced in an email to Harvard faculty on Monday morning.
The former University President shared his decision with President Obama in a phone call on Sunday, according to the Wall Street Journal.
In a speech Tuesday, the University President conveyed a mixed outlook for higher education, describing both the challenges and opportunities facing Harvard.
The Committee may eventually demand that Harvard release data from a study that has been used to justify nearly two decades of Environmental Protection Agency regulations on air pollution.
With the term of current chair Ben S. Bernanke ’75 drawing to a close, former University president Larry Summers is likely to be nominated as the next Federal Reserve chairman, a source close to the Obama administration told CNBC last week.