University Finances


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.


Philanthropy’s Glass Ceiling: A Gender Disparity Among Harvard’s Top Donors

Harvard boasts the largest endowment of any university in the world and supplements its finances with hundreds of millions of dollars in donations annually. Despite the scale of Harvard’s philanthropic efforts, a sizable gender disparity persists among the University’s donors.


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.”


Harvard Graduate Council Passes Emergency Resolution on Atlanta Shootings, Memorandum on Harvard Email Access

The Harvard Graduate Council heard a presentation on University finances and approved a memorandum recommending extended access to Harvard email addresses during a public meeting Wednesday evening, which took place just hours after the Council passed an emergency resolution in response to last week’s shootings in Atlanta, Ga.


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.


Endowment Sells Off Stocks in Major Technology Companies, Invests in Microsoft and Biopharmaceutical Companies in Fourth Quarter

In the final months of 2020, Harvard Management Company sold its shares in multiple major technology companies, including Google’s Alphabet, Inc., and made new investments in others, like Microsoft, while maintaining portfolio growth from the previous quarter.


Bloomberg Donates $150 Million for New Center for Cities

The gift is the second major donation Bloomberg Philanthropies — the philanthropic organization run by former New York City Mayor Michael R. Bloomberg — has given to Harvard in the last decade. Bloomberg, a graduate of Harvard Business School, previously funded the creation of the Bloomberg Harvard City Leadership Initiative, which provides training to mayors across the country.


Harvard’s 2020 Lobbying Expenditures Top Ivy League, Focusing on Pandemic, Immigration Legislation

University President Lawrence S. Bacow and representatives from the University’s Office of Federal Relations lobbied the White House and Congress on issues tied to student financial aid, research funding, and taxes on Harvard’s $41.9 billion endowment. Last year also brought legislation related to the coronavirus pandemic and immigration to the forefront of the University’s lobbying activities.


Harvard Unions and Activist Groups Express Support for Columbia Tuition Strike

Weeks after student organizers at Columbia University announced a tuition strike to protest their administration’s “flagrant disregard” for proposed university-wide demands, Harvard student activists have not indicated if they will organize a tuition strike of their own.


Harvard Management Company Has Invested in Bitcoin Since 2019, per Report

Harvard Management Company — the firm managing the University’s $41.9 billion endowment — may have bought Bitcoin as early as 2019 from market exchanges, per a Monday CoinDesk report.


Harvard Management Company Completes 'Five Year' Restructuring More Than One Year Early

Harvard Management Company has completed its “five-year” organizational and investment restructuring plan more than one year ahead of schedule, HMC CEO N.P. “Narv” Narvekar announced in a message to University affiliates Tuesday.


Japanese Government Advisor Threatened Harvard Management Company With Regulatory Probe In Critical Vote on Toshiba Chief Executive’s Replacement, per Report

A Japanese government advisor threatened Harvard Management Company with a regulatory probe if Harvard did not cast a critical vote in support of Toshiba’s management at the company’s annual shareholders meeting last July, Reuters reported last month.


Can a Biden White House Move Harvard Toward Divestment?

Joe Biden’s focus on environmental issues and his selection of a pro-divestment professor for a senior White House position have heartened Harvard divestment activists; however, questions remain about whether a new occupant of the White House will sway decisions made in Massachusetts Hall.


Harvard Will Not Apply For Federal Aid From Second Coronavirus Stimulus Package

Harvard will not apply for federal aid from the latest Congressional Covid-19 stimulus package, University spokesperson Jason A. Newton wrote in a statement Monday.


After a Rocky Year, Harvard Faces an Uncertain Economic Climate in 2021, Hollister Says

After a turbulent year for the University and its finances, Harvard is set to grapple with an uncertain economic outlook in 2021, University Vice President for Finances Thomas J. Hollister said in an interview with The Crimson Thursday.


Harvard Management Company Renews Facebook Investments, Buys Gambling and Tech Stocks As Securities Value Spikes in Third Quarter

The overall value of the Harvard Management Company's public securities holdings increased by nearly 55 percent during the third quarter.


Freshmen Rally for Divest Harvard Movement

The rally was organized by freshmen who are members of the student group Fossil Fuel Divest Harvard to re-emphasize the group’s commitment to the movement, even during the pandemic.


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