Endowment


‘A Black Hole of Information’: Experts Evaluate Harvard’s Net-Zero Emissions Pledge

As the Harvard Managment Company works toward achieving its pledge, climate and financial experts weighed in on the challenges the company faces, including difficulties obtaining data on and measuring the emissions of its partners.


Bacow Defends Foreign Research Collaboration Following Lieber's Conviction

University President Lawrence S. Bacow reiterated in a Thursday interview Harvard’s commitment to academic collaboration with foreign scholars following the federal conviction of Chemistry professor Charles M. Lieber.


Ten Stories That Shaped 2021

At Harvard, 2021 was a year marked by change. The school’s long-awaited return to in-person operations injected new life into a campus that had been left dormant for over a year by Covid-19. And in an unexpected shift, the University announced its intention to divest its endowment from fossil fuels after a decade of public pressure. Separately, faculty controversies — including a federal conviction and a high-profile departure — ignited debates that rippled across academia. Below, The Crimson looks back at the 10 stories that shaped the last year at Harvard.


University CFO Says Harvard ‘Moving in the Right Direction,’ Despite Pandemic Costs

Harvard chief financial officer Thomas J. Hollister said the University’s finances are “moving in the right direction” in a Wednesday interview, though he cautioned that officials remain alert in the ever-changing landscape of the Covid-19 pandemic.


Harvard Management Company Sells Holdings in Tech, Increases Facebook Investments in Third Quarter

HMC sold its holdings in several technology and pharmaceutical companies while increasing its investments in Facebook in the third quarter of 2021.


Harvard’s Endowment Soars to $53.2 Billion, Reports 33.6% Returns

Harvard Management Company returned 33.6 percent on its investments for the fiscal year ending in June 2021, skyrocketing the value of the University’s endowment to $53.2 billion, the largest sum in its history.


Experts Predict Strong Harvard Endowment Returns Ahead of October Report

Several financial experts predicted that the Harvard endowment will post returns of at least 20 percent for fiscal year 2021, which would bring the endowment to its largest sum in history.


Celebrating Harvard’s Divestment Decision, Fossil Fuel Divest Organizers Lay Out Next Steps

Fossil Fuel Divest Harvard plans to encourage the University to invest in green economic initiatives after Harvard’s surprise announcement that it intends to divest from fossil fuels.


Divest Harvard Kicks Off In-Person Semester with Rally Outside University Hall

Roughly 80 student protestors with Divest Harvard — a student organization calling for the University to sell its investments in the fossil fuel industry — staged a “visual waterline” outside University Hall to represent the rally’s focus on rising sea levels.


Divest Harvard Meets With Mass. Attorney General’s Office Over Complaint Against University

Organizers from Fossil Fuel Divest Harvard — an activist group calling for Harvard to divest from the fossil fuel industry — met with senior staff members from the office of Massachusetts Attorney General Maura T. Healey ’92 Friday to discuss a legal complaint they filed in March over the University’s investments.


Harvard Will Draw Further From Endowment in FY2022 Than Planned, Citing Strong Market Returns

The Harvard Corporation voted last week to draw further from the endowment for fiscal year 2022 than initially planned in light of strong stock market returns.


CFO Hollister Predicts Harvard’s Second Consecutive Year of Declining Revenues for First Time Since Great Depression

Vice President for Finance and Chief Financial Officer Thomas J. Hollister forecasted in a Tuesday interview with The Crimson that Harvard will experience its second consecutive year of declining revenues for the first time since the Great Depression of the 1930s.


Harvard-Sponsored Hedge Fund TPRV Capital To Shutter Operations

TPRV Capital, LP — a hedge-fund which launched with $400 million in seed capital from Harvard Management Company in 2017 — announced that it will cease operations, liquidate all assets, and return all of its capital to its investors in an update sent to the Securities and Exchange Commission on March 9.


Net-Zero Emissions by 2050 Is ‘Too Slow,’ Three-Fourths of Surveyed Harvard Faculty Say

A significant majority of respondents to The Crimson’s annual survey of Harvard’s Faculty of Arts and Sciences — 73 percent — believe the Harvard Corporation’s commitment to achieve net-zero greenhouse gas emissions from its endowment by 2050 is “too slow.”


Bacow Hopes for ‘As Close to a Traditional’ Post-Covid Commencement As Possible for Classes of ’20, ’21

University President Lawrence S. Bacow said in an interview Thursday that Harvard intends for future in-person celebrations for the Classes of 2020 and 2021 to closely mirror traditional Commencement Exercises with just “as much pomp and circumstance.”


Divestment Activists Allege Harvard’s Fossil Fuel Investments Violate State Law in Complaint to State AG

Activists with Fossil Fuel Divest Harvard filed a complaint with Massachusetts Attorney General Maura T. Healey ’92 on Monday, alleging that Harvard’s highest governing board is violating state law through its continued investments in the fossil fuel industry.


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