Eli W. Burnes
Latest Articles
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.
Harvard Admissions Trial Could Affect Donations — But Experts Are Divided Over How
While some big-ticket donors say the ongoing admissions lawsuit won’t change their giving patterns, fundraising experts are divided on the issue.
New Harvard Student Campaign Calls on University to Divest From Prisons
The group wants to sever Harvard's "financial ties to the prison-industrial complex by advocating for... total divestment from all corporations whose existence depends on the capture, caging, and control of human beings."
Harvard Management Company Mum on Number of Employees
Amid a structural overhaul, HMC has kept mum about its number of employees. The silence is characteristic of an organization that is often a black box.
Harvard Grows Revenues, Net Assets, But HMC Chief ‘Not Pleased’ With Endowment Returns
After Harvard's endowment saw the second-worst rate of return on investment in the Ivy League, HMC CEO N.P. “Narv” Narvekar said in the latest annual financial report that he is "not pleased" with the past year's returns.
Harvard Endowment Returns Lag Behind Peers Again
While Harvard’s return on its endowment marked an improvement from last year’s “disappointing” results, the University’s financial growth continues to lag behind its peer institutions.
Experts Plead Patience Over Endowment Results
Experts say it is still too early to take this year’s endowment returns as a bellwether for Harvard Management Company CEO N.P. “Narv” Narvekar’s strategy.
Harvard Returns 10 Percent on Endowment ‘With Much Work Ahead’
The returns, bringing the endowment's total value to $39.2 billion, mark an improvement from last year’s return of 8.1 percent and a serious turn-around from the loss of $2 billion in fiscal year 2016.
Harvard’s Farmland Holdings Come Under Fire In New Report
Harvard Management Company has spent more than $1 billion to buy more than 800,000 hectares of farmland, a new report estimates.
Remembering Tommy's Lunch, 'A Harvard Institution'
From 1958 to 1992, Tommy’s Lunch served greasy late-night food to generations of Harvard students. The restaurant’s sudden closure in Nov. 1992 shocked loyal customers and fellow Square merchants.