Christine Y. Cahill
Vice President for Alumni Affairs and Development Tamara E. Rogers ’74 defended the compensation of top managers of the Harvard Management Company in a letter sent late last week to a group of alumni that had previously criticized the University's investment arm.
With the christening of the T. H. Chan School, Harvard has joined the ranks of institutions around the world that have traded naming rights for philanthropy.
For years, Gerald Chan, an alumnus of the School of Public Health who will unveil a $350 million donation to the school Monday afternoon, has used his financial resources to support research in the sciences.
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.
A year of protests and conflicts reveals the divergent conceptions of responsible investment at Harvard.
Harvard Management Company has continued its strategy of investing in natural resources by purchasing millions of dollars' worth of vineyard land in central California.
Although the University has signed onto the United Nations-supported Principles for Responsible Investment, sustainability and investment experts cautioned that the voluntary nature of the principles are closer to a statement of values than policy.
More than 100 faculty members from across the University signed an open letter on Thursday urging University President Drew G. Faust and members of the Harvard Corporation, the University’s highest governing body, to divest the University's endowment from fossil fuel companies.
The three-fold endeavor will launch a research-focused Climate Change Solutions Fund, increase sustainability measures on campus, and affirm the endowment’s commitment to environmentally sustainable and socially conscious investing.
Congressman David L. Camp’s tax reform plan could cost Harvard tens of millions of dollars in endowment taxes if passed.
The task force will be chaired by former University Provost Steven E. Hyman, who, during his tenure as provost, helped oversee the creation of the Office of Sexual Assault Prevention and Response.
Weston alleges that Harvard failed to comply with the terms of a 2010 contract which required the University to “remediate” contaminated portions of the 62.5-acre Case Estates property it had agreed to sell to the town.
Richard L. Hall '90 will replace Lane MacDonald ’88-’89, who stepped down in February, less than three months after being promoted to the position.
The documents advertising the sale were posted in Romanian provinces two days after Dragos Lipan Secu, a former contractor for a University subsidiary, was arrested on charges of bribery and money laundering.
Due to a mistake in the way the University reported its employees’ taxable income, approximately 11,000 Harvard employees paid excess income taxes between 2009 and 2013, with the hardest hit contributing several thousands dollars more than they should have.