Rohan Rajeev

Harvard Management Co. Decreased Investments in Meta and Alphabet, Sold Biopharma Holdings in Q3

The Harvard Management Company sold a significant percentage of its direct holdings in Meta and Alphabet, as well as the entirety of its direct holdings in several acquired biomedical and pharmaceutical companies, during the third quarter of 2023.

Faculty of Arts and Sciences Ends Fiscal Year 2023 with $62 Million Surplus

Harvard’s Faculty of Arts and Sciences reported a surplus of $62 million for fiscal year 2023, according to a report presented at a faculty meeting Tuesday.

By the Numbers: Harvard’s Fiscal Year 2023 Financials

Harvard released its Annual Financial Report on Thursday, which offers a rare glimpse into the University’s finances and investment strategy. Here’s a closer look at the data revealed by this year’s disclosures.

Harvard Ended Fiscal Year 2023 with $186M Budget Surplus

Harvard ended fiscal year 2023 with a $186 million budget surplus — less than half of last year’s value — as the school faced rising costs from investments in its workforce and renewed activity on campus following the pandemic.

Harvard Endowment Value Falls For Second Consecutive Year, Records Modest 2.9% Return During FY2023

The value of Harvard’s endowment fell for the second consecutive year, despite delivering a 2.9 percent return for fiscal year 2023, as distributions to school operations outpaced investment gains and new contributions.

Harvard’s Endowment Could Deliver Poor Returns for the Second Year in a Row

One year after Harvard’s endowment reported a $2.3 billion drop in value — its first year of negative returns since 2016 — financial experts say the school could be headed towards a second straight year of poor investment results.

Harvard Received $218M in Foreign Funding Since January 2022

Harvard received upwards of $218 million in foreign funding since January 2022, according to recent data from the Department of Education.

Outgoing Harvard President Lawrence Bacow Earned $1.3 Million in 2021, Financial Disclosures Show

Harvard University President Lawrence S. Bacow earned more than $1.3 million in calendar year 2021, a pay increase from the $1.1 million he made in 2020.

Outgoing Harvard CFO Says ‘It’s Time to be Very Cautious’ Amid Rising Economic Turmoil

Outgoing Harvard Vice President for Finance and Chief Financial Officer Thomas J. Hollister said in a Thursday interview that the University should be “very cautious” in its financial management as the school confronts an increasingly uncertain economic climate.

Harvard Boosted Investment in Singapore’s Grab App, Modified Biotech Holdings in Q4

The Harvard Management Company boosted its investments in Grab — a Singaporean all-in-one app offering food delivery, transportation, and digital payment services — and modified its biotechnology portfolio during the last quarter of 2022.

Harvard Endowment Direct Public Investments

FAS Consolidated Net Results By Fiscal Year

FAS Consolidated Cash Expenses By Fiscal Year

FAS Consolidated Cash Revenue By Fiscal Year

Harvard Operating Expenses 2023

Harvard Endowment Value by School/Dept.

Harvard Asset Allocation Over Time

Harvard Operating Revenue by Year

Harvard Operating Expenses

Philanthropy and Total Revenue of Harvard University Over Time