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.
Harvard is set to receive nearly $7 million in aid from the latest Congressional stimulus package, according to an analysis published Thursday by the American Council on Education, a higher education interest group.
Divest Student Activists Meet with Bacow, Harvard Corporation Committee for First Time in More Than a Year
Five representatives of Fossil Fuel Divest Harvard met with University President Lawrence S. Bacow and several members of the Harvard Corporation in a closed-door meeting last week.
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.
More than 1,100 Harvard affiliates have signed a petition calling on the University to extend the same employment protections to contracted staff members that it offers its direct employees.
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.
Harvard’s revenue dropped $138 million in fiscal year 2020, according to the University’s Annual Financial Report. The decline was concentrated in the last three months of the fiscal year.
Harvard Received Over $1.1 Billion in Foreign Funding Since 2012, per Department of Education Report
Harvard has received over $1.1 billion in foreign funding since 2012, per an initial Department of Education report.
While Harvard’s endowment returns for the 2020 fiscal year were promising, experts warn that the endowment could face challenges down the line.
Harvard Management Company plans to sell an Australian farming portfolio worth $120 million, according to a report in the Australian Financial Review.
Harvard Management Company’s natural resources team spun-out into an independent investment firm, according to a message CEO N.P. “Narv” Narvekar sent to HMC affiliates Thursday.
Attorneys and activists squared off in state court on Tuesday over Harvard’s motion to dismiss a lawsuit brought against the University by the Harvard Prison Divestment Campaign.
Harvard Management Company returned 7.3 percent on its investments for FY 2020, bringing the value of Harvard's endowment to the largest sum in its history.
University President Lawrence S. Bacow said Harvard’s expenditures related to the pandemic have been “significant” — including “tens of millions of dollars” in COVID-19 testing alone — in an interview with The Crimson Friday.
Former Japanese Government Official Pressured HMC Head In Vote On Toshiba Chief Executive’s Reappointment, per Report
The former investment chief of Japan’s state pension fund pressured Harvard Management Company Chief Executive N.P. “Narv” Narvekar in a vote over the reappointment of an embattled electronics conglomerate chief executive, the Financial Times reported Tuesday.
Students penned a letter calling for mechanisms to “hold administrators accountable, vet potential donors, regularly re-vet current donors, and take meaningful action based on voices from the community,” like an anonymous complaint system.
Harvard Management Company Invests in New Biopharmaceutical Companies, Including COVID-19 Vaccine Hopeful
The Harvard Management Company added three biopharmaceutical companies — including a firm developing a coronavirus vaccine candidate — to its investment portfolio in the second quarter as the overall value of their public securities holdings dropped 28 percent.
The Harvard Corporation — the University’s highest governing body — moved to maintain a typical endowment payout of around 5 percent for Fiscal Year 2021, Dean of the Faculty of Arts and Sciences Claudine Gay wrote in an email last week.
U.S. Representatives James Comer (R-Ky.), Jim Jordan (R-Ohio), and Virginia Foxx (R-N.C.) requested Monday that Harvard disclose all records of gifts from the governments and citizens of China, Qatar, Saudi Arabia, Iran, and Russia since 2015.
Roughly 27 percent of the external asset management firms that oversee parts of Harvard’s $40.9 billion endowment are majority-owned by women and people of color.
In Letter to Bacow, Reps. Cleaver, Kennedy Asks HMC To Disclose Diversity of External Asset Managers
U.S. Representatives Emanuel Cleaver II (D-Mo.) and Joseph P. Kennedy III (D-Mass.) penned a letter to University President Lawrence S. Bacow requesting that Harvard disclose what percentage of its $40.9 billion endowment is managed by firms owned by people of color and women.
University President Lawrence S. Bacow made $570,072 in 2018, the first six months of his term, while former University President Drew G. Faust made $3.6 million in her final six months in office.
The first-of-its-kind gift policy guide's listed central priorities include “upholding academic freedom," “adhering to institutional values,” and "avoiding conflicts of interest."
Harvard will not pursue layoffs or furloughs “at this time" because of “uncertainty” regarding the fall semester, Executive Vice President Katherine N. Lapp wrote in an email Tuesday to Harvard affiliates.