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Endowment

Prison Divestment
Endowment

Harvard Prison Divestment Activists Walk Out of Bacow Meeting

Harvard Prison Divestment Campaign members walked out of a Monday meeting with University President Lawrence S. Bacow and the Corporation Committee on Shareholder Responsibility to protest the administrators’ alleged unwillingness to consider divesting from the prison industry.

University Hall
Endowment

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.

Free Them Week
Endowment

Harvard Prison Divestment Campaign Hosts 'Free-Them Week'

The Harvard Prison Divestment Campaign hosted “Free-Them Week” this week to promote prison divestment at the University through a series of seminars, office hours, and workshops.

Divest at Convocation
Endowment

Divest Harvard Discusses Demands with Bacow, Lee

Five members of Divest Harvard met with University President Lawrence S. Bacow and Senior Corporation Fellow William F. Lee ’72 Wednesday to discuss their demands for the University to divest its more than $40 billion endowment from fossil fuels.

Divest Monday Demonstration
Endowment

Divest Harvard Holds Protest About University’s Brazilian Land Ownership

Divest Harvard — a student group demanding the University divest from fossil fuels — hosted a day of events Monday calling attention to Harvard’s ownership of Brazilian land and reigniting its calls for the school to sell those holdings in the name of environmentalism.

University Hall Morning
Endowment

Harvard Prison Divestment Campaign Publishes Report, Renews Demands

The Harvard Prison Divestment Campaign released a report Wednesday that estimated the University has at least $3 million invested in companies tied to the prison industry and urged administrators to divest all their endowment holdings in such prison-related companies.

Federal Reserve Bank of Boston - HMC Office
Endowment

Bacow Continues to Support Harvard Management Company’s Five-Year Plan

Following Harvard Management Company’s announcement that it returned 6.5 percent on its investments for fiscal year 2019, University President Lawrence S. Bacow said he continues to support HMC CEO N.P. “Narv” Narvekar and the University’s five-year plan to restructure its endowment management.

Federal Reserve Bank of Boston - HMC Office
Endowment

Harvard Submits Public Comments to Endowment Tax Rules

Harvard and more than 30 other colleges and universities jointly submitted their formal opposition to the United States Treasury’s proposed rules for implementing a tax on some universities’ endowments that was originally passed into law in December 2017.

Divest Sign
Endowment

As the Amazon Burns, Students Call on Harvard To Divest from Farmland Holdings

In a statement released last week, Divest Harvard specifically condemned the role Brazilian agribusiness has played in the Amazon fires. The statement noted that the Harvard Management Company — the University’s investing arm — owns 300,000 hectares of land in the Brazilian Cerrado.

Capitol Building
Politics

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.

Divestment Full Spread
Central Administration

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.

Mass Hall in the Spring
Politics

Bacow, Mass. University Presidents Call on Legislators to Repeal Endowment Tax Ahead of First Filing

University President Lawrence S. Bacow joined five other Massachusetts university and college presidents in urging United States Representative Richard E. Neal (D-Mass.) to repeal the endowment tax set to be levied on Harvard’s next filings in a letter last month.

Heat Week
Endowment

Heat Week Kicks Off With Demands From Students, Faculty, and Alumni

At the start of a revitalized “Heat Week” campaign, students, faculty, and alumni gathered to call on University President Lawrence S. Bacow and Harvard administrators to divest their endowment holdings in the fossil fuel industry at a press conference at the Charles Hotel Monday.

Thomas Hollister
College Finance

Nearly Half of Harvard’s Annual Revenue Derived from Donors

Forty-five percent of Harvard’s annual revenue comes from donors — either as endowment returns or direct gifts — University Chief Financial Officer and Vice President for Finance Thomas J. Hollister said in an interview Wednesday.

Thomas Hollister
Endowment

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.

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