Crimson staff writer
Luke W. Vrotsos
Latest Content
Harvard Posts $298 Million Surplus in 2019
University revenues rose to $5.5 billion, a 6 percent increase, according to the report. The largest source of University revenue was distributions from Harvard’s more than $40 billion endowment, which made up 35 percent of total revenue.
After More Than a Year of Uncertainty, IRS Releases Proposed Guidance on Filing Endowment Tax
After more than a year of uncertainty, the Internal Revenue Service issued proposed guidance on Friday for higher education institutions — including Harvard — required to pay a new tax on their endowments.
A New Day for Divestment
Student activism at Harvard has evolved over the years, and while divestment is nothing new, it’s now become students’ favorite tactic.
Harvard-Affiliated Hedge Fund to Shut Down
The fund announced its decision to “terminate the business of the funds and wind up its affairs” in an April letter to investors, but did not specify the precise reason the fund is closing, the Wall Street Journal reported last week.
In Years Since 2008 Recession, Harvard Paid Down Debt, Built Reserves
Harvard has reduced its debt load by roughly $1 billion and increased its reserves in preparation for a potential future recession, University Chief Financial Officer and Vice President for Finance Thomas J. Hollister said in an interview Wednesday.
Harvard Invests Millions in New Cryptocurrency
Harvard Management Company is now investing in a new cryptocurrency, Blockstack, according to Securities and Exchange Commission filings released Wednesday, a move some experts have said is still unusual for investors of its magnitude.
New Harvard Management Company Website Removes Divestment Information, Defends Natural Resources Holdings
Harvard Management Company updated its website within the last month to remove any mention of past instances of divestment and to include references to its protocols on its investment in land and agriculture.
After Local Outcry, a Harvard-Owned Vineyard Project Faces Environmental Review
Among some of the corporations that have expanded into the region in recent years is an unlikely investor — the Harvard Management Company. HMC, the University’s investment arm, oversees Harvard’s nearly $40 billion endowment.
Harvard Invests Heavily in Tech Stocks Compared to Other Top Endowments
Harvard Management Company, the University’s investment arm, invests more heavily in technology companies than the other four largest university endowments in the country, according to the most recent U.S. Securities and Exchange Commission filings.
Harvard Raised Record-Breaking $1.42 Billion in FY 2018
Harvard raised $1.42 billion in fiscal year 2018, the University’s largest-ever annual fundraising sum, and a higher education record. The total represents a more than 10 percent growth over its fiscal year 2017 donation income.