University Finances
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 Increases Graduate Student Stipend By Three Percent
Graduate School of Arts and Sciences Dean Emma Dench announced that Ph.D. students on financial support will see their stipends increase by 3 percent during the 2019-20 academic year in an email to GSAS affiliates Wednesday.
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.
Harvard Activists Rally, Petition for Divestment From Farmland, Prison Industry
Two divestment activist groups organized on Harvard’s campus last week, calling for ends to the University's farmland holdings and companies connected to the U.S. prison system.
Harvard Spent $600K Lobbying Congress in 2018
Harvard spent $600,000 lobbying the federal government in 2018, a figure $10,000 less than the amount the University spent in 2017. Though last year’s figure marked a slight decrease in expenses, lobbying costs have generally seen an uptick in the last five years as Harvard faces a hostile political climate.
Harvard Management Company Participates in Methane Emissions Reduction Working Group
Amid Harvard’s dismissal of calls for fossil fuel divestment, Harvard Management Company — the group that oversees the University’s $39.2 billion endowment — has been one of the lead investors in a methane emissions reduction working group started in 2017.
Corp. Voted on Social Media, Corporate Tax Policy Shareholder Proposals in 2018
Harvard voted on shareholder proposals concerning digital media content and corporate tax policy for the first time in 2018, among a series of other issues that have previously arisen, according to the University’s annual shareholder responsibility report published Tuesday.
Ten Stories That Shaped 2018
2018 was a momentous year for Harvard. As the University welcomed its 29th president Lawrence S. Bacow, it struggled with numerous challenges including lawsuits alleging discrimination, accusations of sexual harassment levied at prominent affiliates, and an "unprecedented" endowment tax. As the year comes to an end, The Crimson examines the ten stories that most defined 2018.
Harvard Faculty To Issue ‘Renewed Call’ For Fossil Fuel Divestment
Several Harvard faculty members will once again urge University administrators to divest the school’s holdings in the fossil fuel industry, according to an update on their website posted this month.
Fossil-Fuel Divestment Petition Garners More than 150 Signatures
Continuing a years-long effort, an online petition calling on Harvard to divest its holdings in the fossil fuel industry had garnered 150 signatures as of Tuesday evening.
Billionaire and Convicted Sex Offender Jeffrey Epstein Boasts Deep, Longstanding Ties to Harvard
Epstein donated millions to the University. He funded the construction of a campus building. He cultivated cozy friendships with top Harvard brass including a former University president. And he forged close personal and professional ties to Alan M. Dershowitz.
A Mass. Democrat’s Ascent in Congress May Not Bring the Endowment Tax Repeal Harvard is Hoping For
Even after the Democratic takeover of the U.S. House of Representatives in this month’s midterm elections, Harvard may still contend with a tax on its multibillion dollar endowment for years to come.
Harvard Management Company Appoints New Chief Operating Officer
Harvard Management Company announced Sanjeev Daga will take the helm over the University’s $39.2 billion endowment as the firm’s chief operating officer.
Panelists Discuss Prison Reform, Emphasize Diversity and Local Action
The discussion, called "America in Chains: A Panel Discussion on Mass Incarceration," aimed to bring issues of mass incarceration to the fore of campus conversation.
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.
