Following Harvard Management Company’s announcement that it returned 6.5 percent on its investments for fiscal year 2019, University President Lawrence S. Bacow said he continues to support HMC CEO N.P. “Narv” Narvekar and the University’s five-year plan to restructure its endowment management.
The Harvard Prison Divestment Campaign released a report Wednesday that estimated the University has at least $3 million invested in companies tied to the prison industry and urged administrators to divest all their endowment holdings in such prison-related companies.
In his letter, Grassley asked Bacow to respond to a series of questions about how the College made its decision not to renew Sullivan’s contract and the state of academic freedom at the University.
University President Lawrence S. Bacow said in an interview Monday an external law firm is assisting the Office of the General Counsel in their review of donations made to Harvard by billionaire and convicted sex offender Jeffrey E. Epstein.
University President Lawrence S. Bacow said in an interview on Monday that he is confident an appeals court will uphold a federal judge’s recent ruling that Harvard does not discriminate against Asian American applicants in its College admissions policies.
The amicus brief warns that if DACA is dismissed, “remarkable students” enrolled at the institutions would not obtain the “full benefit” of their education. The brief also states that the end of DACA would hurt recruitment and retention of talented international students.
University of California Divestment Decision Offers Insights Into Feasibility of Divestment at Harvard
As the UC system — which holds a mix of public and private assets — disentangles itself from the fossil fuel industry, some experts say it may offer a glimpse of what it would look like for Harvard to follow a similar path.
In the wake of University President Lawrence S. Bacow’s comments last week comparing Harvard’s relationship with donors to slavery, several campus organizations and affiliates have called for Bacow to support divestment of the University’s endowment from companies with ties to the prison system.
University President Lawrence S. Bacow used the 13th Amendment as an analogy to compare the University’s wealthy donors to freed slaves Tuesday, the Boston Globe reported Saturday.
The Ad Hoc Committee for Harvard Divest — a group of Harvard alumni advocating for the University to divest its endowment from fossil fuels— raised $60,000 to hire two coordinators for alumni activities through the Cambridge climate group Better Future Project.
Harvard has signed onto the Cool Food Pledge, an initiative aimed at slashing food-related greenhouse gas emissions 25 percent by 2030, the University announced Tuesday.
Roughly 20 members of Divest Harvard and climate group 350 Massachusetts convened in Harvard Yard Tuesday to criticize University President Lawrence S. Bacow and Mass. Governor Charles D. Baker ’79 for a “lack of urgency” on climate change issues.
Harvard’s Office of the General Counsel will conduct a review of billionaire donor and convicted sex offender Jeffrey E. Epstein’s donations to the University, Vice President and General Counsel Diane E. Lopez announced in an email to Harvard affiliates Friday afternoon.
Several members of the Harvard Corporation — the University’s highest governing body — have maintained financial and professional ties to the fossil fuel industry through their employment or company investments.
Harvard’s decision to sign these letters comes as Bacow has been particularly vocal in his opposition to Trump Administration immigration policies.