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University Finances

The New President
Central Administration

Administrators Say Bacow Well-Equipped to Manage University Finances

Thomas J. Hollister, chief financial officer of the University, said the president-elect has long been “intimately involved” in Harvard's financial affairs as a Corporation member.

HMS Financial Woes
Harvard Medical School

HMS Financial Woes

Faust at 2021 Convocation
Central Administration

Faust Made $1.5 Million in 2016

Dean of the Faculty of Arts and Sciences Michael D. Smith, who is stepping down at the end of the year, made $701,956 in total salary and benefits in 2016, while Provost Alan M. Garber ’76 and made $871,960.

George Daley
Harvard Medical School

Medical School Building Sale Nears Close

The building, located between Vanderbilt Hall and the New Research Building on the school’s Longwood campus, has been on the market for at least five months.

Mass Hall, Fall 2017
University Finances

Harvard Raises $9.1 Billion in Capital Campaign

Harvard has raised $9.1 billion as part of its ongoing capital campaign as of March 31, according to a dean of the University and multiple alumni who attended a celebratory event in Sanders Theater Saturday afternoon.

Harvard Management Company
Endowment

Endowment Tax Could Affect Harvard's Pension Investments

The Republican tax overhaul passed in December may impact the pensions of Harvard employees hired before 2001 and the University is currently “reviewing” the situation.

Division of Continuing Education
FAS

Division of Continuing Education Relies on Tuition Rather than Endowment Funding

The Division of Continuing Education has been almost entirely financially self-sufficient in recent years, raising money through tuition and other programming rather than relying heavily on money from the University endowment.

University Hall
University Finances

Overseer Calls on Harvard to Divest from Fossil Fuels

​Kathryn “Kat” A. Taylor ’80, a member of the University's second highest governing body, publicly called on Harvard to divest from fossil fuels Wednesday afternoon.

Office of Admissions and Financial Aid
Fundraising

Capital Campaign Reaches Goal on Financial Aid

With just months left in Harvard’s record-breaking capital campaign, the school has met its $600 million financial aid goal.

Federal Reserve Bank of Boston - HMC Office
University Finances

Harvard to Invest $300 Million in Credit Fund

The money will come from Harvard’s endowment; the Boston firm slated to receive the millions dollar-strong backing from the University is Evolution Credit Partners.

University Finances

Overseer Calls on Harvard to Divest from Fossil Fuels

​Kathryn “Kat” A. Taylor ’80, a member of the Board of Overseers—the second highest governing body of the University— publicly called for Harvard to divest from fossil fuels Wednesday afternoon.

University Hall
Endowment

Tax Bill Changes Landscape for Potential Harvard Donors

This could be bad news for organizations that depend heavily on donations—including institutions of higher education like Harvard.

Faust at 2021 Convocation
Central Administration

Faust Meets with Lawmakers in Washington about Higher Ed Act, Immigration

Faust traveled to D.C. last week to meet with Democratic lawmakers about the “deep concerns” she has about reauthorization of the Higher Ed Act and immigration laws.

Harvard Management Company
University Finances

Harvard Money Manager Departs

Melinda Barber, a managing director at Harvard Management Company—the University’s investment arm—will leave Harvard, Bloomberg reported Tuesday.

Drew G. Faust
University Finances

Faust Joins 48 Higher Ed Leaders Seeking Endowment Tax Repeal

President Faust joined 48 other university leaders in penning a letter to congressional leaders Wednesday to object to the recently passed endowment returns tax.

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