University Finances


Divest Harvard Releases Report Calling for ‘Reinvestment,’ University Governance Reform

Fossil Fuel Divest Harvard — a student and alumni group that for years advocated that the University divest its endowment from fossil fuels — released a report last week calling on the school to invest more in environmental causes and local municipal governments and to reform its governing boards.


Harvard CFO Says the University’s Revenues Have ‘Rebounded’ to Pre-Pandemic Levels

Vice President for Finance and Chief Financial Officer Thomas J. Hollister said the University’s revenues have “rebounded” to pre-pandemic levels, placing Harvard in a “healthy” financial condition, in an interview last Thursday.


IT Oversight Left Thousands of Harvard Internal Files Vulnerable — Again

Last fall, a massive security oversight allowed anyone with a Harvard key access tens of thousands of administrative files. Up until recently, a second data insecurity allowed Harvard affiliates to still view thousands of documents.


Endowment Scraps Apple, Slashes Facebook Holdings in Fourth Quarter

HMC’s acquisitions and liquidations were reported in its latest filings with the Securities and Exchange Commission, which requires investment managers who oversee more than $100 million in assets to disclose their public securities portfolio each quarter.


Harvard Management Company Operations Set to Become Carbon Neutral

The Harvard Management Company will be carbon neutral in its internal operations for fiscal year 2022 — a first among university endowment offices in the United States — according to the company report released Thursday.


Ten Stories That Shaped 2021

At Harvard, 2021 was a year marked by change. The school’s long-awaited return to in-person operations injected new life into a campus that had been left dormant for over a year by Covid-19. And in an unexpected shift, the University announced its intention to divest its endowment from fossil fuels after a decade of public pressure. Separately, faculty controversies — including a federal conviction and a high-profile departure — ignited debates that rippled across academia. Below, The Crimson looks back at the 10 stories that shaped the last year at Harvard.


University CFO Says Harvard ‘Moving in the Right Direction,’ Despite Pandemic Costs

Harvard chief financial officer Thomas J. Hollister said the University’s finances are “moving in the right direction” in a Wednesday interview, though he cautioned that officials remain alert in the ever-changing landscape of the Covid-19 pandemic.


Harvard’s Shareholder Panel Votes On Three Facebook Governance Measures

Harvard’s Committees on Shareholder Responsibility voted on three resolutions presented to Facebook shareholders during the last fiscal year, according to a report published earlier this month.


Harvard Management Company Sells Holdings in Tech, Increases Facebook Investments in Third Quarter

HMC sold its holdings in several technology and pharmaceutical companies while increasing its investments in Facebook in the third quarter of 2021.


Harvard’s Endowment Soars to $53.2 Billion, Reports 33.6% Returns

Harvard Management Company returned 33.6 percent on its investments for the fiscal year ending in June 2021, skyrocketing the value of the University’s endowment to $53.2 billion, the largest sum in its history.


HMS Dean Outlines Financial, Institutional Goals in State of the School Address

Harvard Medical School Dean George Q. Daley ’82 lauded HMS faculty, affiliates, students, and staff for their work during the Covid-19 pandemic and reiterated institutional values in his State of the School address over Zoom Tuesday.


Experts Predict Strong Harvard Endowment Returns Ahead of October Report

Several financial experts predicted that the Harvard endowment will post returns of at least 20 percent for fiscal year 2021, which would bring the endowment to its largest sum in history.


Bacow Insists Harvard’s Move to End Fossil Fuel Investments is ‘Consistent’ with Past Positions

When University President Lawrence S. Bacow said earlier this month that Harvard would move to end its investments in the fossil fuel industry, the activists who had been pushing him to do so for years celebrated the news as a seismic shift.


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