Endowment
Bacow Met With U.S. Treasury Representative to Discuss Endowment Tax Guidance
Bacow recently met with an official from the Treasury Department, which is responsible for developing regulations for the new endowment tax.
Harvard Invests in Cryptocurrency, Report Says
Harvard Management Company, the firm that oversees the University's multi-billion dollar endowment, recently invested in “at least one cryptocurrency fund,” according to a report published by The Information last month.
What’s At Stake for Harvard in the Midterm Elections
Ranging from endowment taxes to the survival of its controversial social group sanctions, the University has a large stake in this year’s midterms.
Harvard Grows Revenues, Net Assets, But HMC Chief ‘Not Pleased’ With Endowment Returns
After Harvard's endowment saw the second-worst rate of return on investment in the Ivy League, HMC CEO N.P. “Narv” Narvekar said in the latest annual financial report that he is "not pleased" with the past year's returns.
Columbia Returns 9 Percent on Endowment, Making It The Only Ivy With Worse Returns than Harvard
The Columbia Investment Management Company, which manages the New York school’s finances, announced that the gains brought its total endowment to $10.9 billion.
Why President Bacow Is Already Prepping for the Next Recession
Amid fiscal hurdles, Bacow — an economist by training — is examining the University’s financials at the macro level. He’s already looking ahead to when the next recession hits.
Harvard Endowment Returns Lag Behind Peers Again
While Harvard’s return on its endowment marked an improvement from last year’s “disappointing” results, the University’s financial growth continues to lag behind its peer institutions.
'I Can't Tell You Where the Money's Going to Come From,' Bacow Says of Endowment Tax
Bacow said the brand-new, Republican-backed tax on Harvard's $39.2 billion endowment will deal a blow to the University — but added he will protect the school's financial aid programs at almost any cost.
Experts Plead Patience Over Endowment Results
Experts say it is still too early to take this year’s endowment returns as a bellwether for Harvard Management Company CEO N.P. “Narv” Narvekar’s strategy.
Obama Endorses Democrat Jay Gonzalez for Governor
Former President Barack Obama endorsed Mass. Democratic gubernatorial candidate Jay Gonzalez Monday, as Gonzalez prepares to face popular Republican incumbent Charlie D. Baker ’79 at the polls in November.
Harvard Returns 10 Percent on Endowment ‘With Much Work Ahead’
The returns, bringing the endowment's total value to $39.2 billion, mark an improvement from last year’s return of 8.1 percent and a serious turn-around from the loss of $2 billion in fiscal year 2016.
Bacow Names Former Tufts Colleague as New VP of Alumni Affairs and Development
Caltech's Brian K. Lee will oversee Harvard's fundraising efforts as the next Vice President for Alumni Affairs and Development.
