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Crimson staff writer

Cindy H. Zhang

Latest Content

Federal Reserve Bank of Boston - HMC Office
Endowment

Harvard Submits Public Comments to Endowment Tax Rules

Harvard and more than 30 other colleges and universities jointly submitted their formal opposition to the United States Treasury’s proposed rules for implementing a tax on some universities’ endowments that was originally passed into law in December 2017.

Harvard Management Company
University Finances

Harvard Endowment Returns 6.5 Percent for Fiscal Year 2019

The returns were announced in a note from HMC CEO N.P. “Narv” Narvekar to University affiliates Friday morning, and represent the lowest return rate in two years — 2018 saw a 10.1 percent return, while 2017 yielded 8.1 percent. Despite the low rate, the endowment exceeded $40 billion for the first time in its history.

Capitol Building
Politics

After More Than a Year of Uncertainty, IRS Releases Proposed Guidance on Filing Endowment Tax

After more than a year of uncertainty, the Internal Revenue Service issued proposed guidance on Friday for higher education institutions — including Harvard — required to pay a new tax on their endowments.

Sackler Building
Fundraising

The Ethics of Harvard Fundraising

Amid outcry over controversial gifts to the University, Harvard has kept its donation acceptance policies under wraps.

Mass Hall, Fall 2017
University Finances

Faust Made $1.7 Million in 2017, Bacow's Salary As President Unknown Until 2020

Former University President Drew G. Faust made just over $1.7 million in compensation in 2017, her last full year as Harvard’s president. While Faust’s tenure ended last June, current University President Lawrence S. Bacow’s compensation will not be released for another year.

Thomas Hollister
College Finance

Nearly Half of Harvard’s Annual Revenue Derived from Donors

Forty-five percent of Harvard’s annual revenue comes from donors — either as endowment returns or direct gifts — University Chief Financial Officer and Vice President for Finance Thomas J. Hollister said in an interview Wednesday.

Thomas Hollister
Endowment

In Years Since 2008 Recession, Harvard Paid Down Debt, Built Reserves

Harvard has reduced its debt load by roughly $1 billion and increased its reserves in preparation for a potential future recession, University Chief Financial Officer and Vice President for Finance Thomas J. Hollister said in an interview Wednesday.

Harvard Management Company
Economics

Harvard Invests Millions in New Cryptocurrency

Harvard Management Company is now investing in a new cryptocurrency, Blockstack, according to Securities and Exchange Commission filings released Wednesday, a move some experts have said is still unusual for investors of its magnitude.

Harvard Management Company
University Finances

Harvard Invests Heavily in Tech Stocks Compared to Other Top Endowments

Harvard Management Company, the University’s investment arm, invests more heavily in technology companies than the other four largest university endowments in the country, according to the most recent U.S. Securities and Exchange Commission filings.

university fundraising
FAS

Harvard Raised Record-Breaking $1.42 Billion in FY 2018

Harvard raised $1.42 billion in fiscal year 2018, the University’s largest-ever annual fundraising sum, and a higher education record. The total represents a more than 10 percent growth over its fiscal year 2017 donation income.

Harvard Management Company
University Finances

Harvard Management Company Participates in Methane Emissions Reduction Working Group

Amid Harvard’s dismissal of calls for fossil fuel divestment, Harvard Management Company — the group that oversees the University’s $39.2 billion endowment — has been one of the lead investors in a methane emissions reduction working group started in 2017.

SEAS
SEAS

Harvard’s Newest Concentration Nets Five Students In Its Inaugural Year

The newest offering is the College’s 50th field of concentration. Previously, students interested in the field received a bachelor of arts or a bachelor of science in the Engineering Sciences concentration on a special track.

Gates to Extension School
FAS

Division of Continuing Education Sees Significant Growth in Revenue, Enrollment

Last year, continuing and executive education brought in over $450 million in tuition revenue — a growth of over 11.5 percent from the previous year and over 60 percent over the past seven years.

Affirmative Action Trial
College

Experts Say Harvard Brand Will Remain Unscathed By Admissions Trial Revelations

The trial dominated news cycles, earning front-page coverage from national outlets and spurring papers including the New York Times and the Wall Street Journal to publish articles explaining how Harvard evaluates high schoolers.

John Joseph Moakley United States Courthouse
College

Former Brown President Testifies in Defense of Harvard’s Preference for Legacies

“It is entirely appropriate for them to believe that it would be wonderful if their children could also enjoy the same benefits that they enjoyed as students,” Simmons said of alumni of Ivy League institutions like Harvard.

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