Endowment


Celebrating with Champagne, Harvard Forward Gains Enough Signatures to Nominate Overseers Candidates

With more than 20,000 signatures in hand, supporters for Harvard Forward hand-carried nomination forms Saturday for the annual Board of Overseers election to Loeb House, which houses Harvard’s governing boards and its administrative offices.


Faculty to Consider Proposal Demanding Harvard Divest from Fossil Fuels

A group of Harvard faculty will formally propose that the Harvard Corporation divest the University’s $40.9 billion endowment from fossil fuel companies, according to documents shared with members of the Faculty of Arts and Sciences Tuesday afternoon.


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.


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.


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 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.


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.


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.


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.


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.


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 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.


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.


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.


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.


Bacow Details DACA Lobbying Efforts, Faculty Vote on Concurrent Degree Proposal at Monthly Meeting

University President Lawrence S. Bacow updated faculty on his recent meetings with Congressional leaders about the endowment tax and protections for University affiliates whose immigration status is currently in peril at the Faculty of Arts and Sciences’s monthly meeting Tuesday.


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