Crimson staff writer

Brandon J. Dixon

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Board of Overseers

Three Overseers Named to Search Committee

In an email Tuesday, the Corporation's senior fellow also solicited suggestion for “individuals you believe warrant serious consideration as possible candidates,” and listed a series of criteria the selection committee is considering.

University Finances

HMC to Unload Private Equity Assets

Harvard Management Company—the firm managing Harvard’s $35.7 billion endowment—is nearing the final stage in talks to sell over $2 billion in private equity and real estate assets to Lexington Partners.

Loeb House
Harvard Corporation

The Harvard Corporation, Explained

The Harvard Corporation—along with three members of the Board of Overseers—will choose the University's next president. Here’s a look at what the Corporation is, who sits on it, and what it does.

Loeb House
Harvard Corporation

Corporation and Three Overseers Will Lead Presidential Search

All twelve members of the Harvard Corporation and three members of the Board of Overseers will sit on the committee to replace University President Drew G. Faust.

Fundraising

Capital Campaign Total Hits $8 Billion With Year to Go

With a year still remaining in its record-shattering capital campaign, Harvard has raised $8 billion in donations.

University President Drew G. Faust
Drew Faust

FAUST TO STEP DOWN IN JUNE 2018

University President Drew G. Faust will step down in June 2018, ending a decade-long tenure that saw the first woman to lead Harvard navigate headwinds on campus and around the country.

Endowment

Harvard’s Endowment Plans to Sell $70 Million of Cows and Farmland Assets

Not even Harvard’s cows are safe as Harvard Management Company undergoes a radical restructuring that it hopes will reverse a decade of lackluster returns.

Federal Reserve Bank of Boston - HMC Office
University Finances

The Rise and Fall of HMC

Harvard Management Company's new CEO is leading an effort to revamp the University's investment arm.

Barker Center
Ethnic or Cultural Groups

The Four-Decade Road to Ethnic Studies

At Harvard, real pressures—both financial and ideological—loom along the road to a comprehensive ethnic studies program.

David Rubenstein Graphic
Central Administration

The New Corporation Man

Billionaire financier and philanthropist David Rubenstein is emblematic of the changing Harvard Corporation.

University Finances

Faust Made $1.4 Million in 2015

University President Drew G. Faust earned just over $1.4 million in compensation in calendar year 2015.

Federal Reserve Bank of Boston - HMC Office
Endowment

Despite Divest Cheers, Harvard Maintains Investment Approach

After a Harvard Management Company official said that the natural resources portfolio is "pausing" investments in fossil fuels, the University maintained that the remarks did not represent a change in investment strategy.

Returns and Endowment Size (FY2006-FY2016) Graph
Endowment

Yale’s Annual Endowment Report Defends High Fees for External Managers

As Harvard cuts the size of its internal workforce and begins to outsource its funds to more expensive external managers, Harvard Management Company will begin to more closely resemble investment offices at Yale and other peer institutions.

Endowment Distribution Graph
Endowment

Schools Will be 'Differentially' Affected by Endowment Returns, Faust Says

As Harvard seeks to cope with disappointing endowment returns from last fiscal year, some of the University's twelve constituent schools will be harder hit than others.

Massachusetts Hall
College

New Campus Group Calls for Private Prison Divestment

Students have launched a new effort urging Harvard to divest—this time taking aim at the University’s holdings in private prison stocks.