Caltech's Brian K. Lee will oversee Harvard's fundraising efforts as the next Vice President for Alumni Affairs and Development.
Stephen A. Schwarzman donated $5 million to support business school faculty members producing case studies on the effects of artificial intelligence.
Harvard’s Capital Campaign Shows Enduring Support for Higher Ed, Growing Financial Gap Between Schools
The University’s record-breaking $9.6 billion capital capital sends a strong signal of faith in Harvard and higher education — but it also highlights ongoing tensions in the industry, experts say.
The Harvard Kennedy School closed out its capital campaign at more than $700 million, according to an August email sent to HKS affiliates by Kennedy School Dean Douglas W. Elmendorf.
Harvard just beat Harvard's own fund-raising record. The University closed out its record-smashing capital campaign at $9.6 billion, meaning the school surpassed its original fundraising goal by more than $3 billion.
Harvard is still awaiting federal guidance on how to file taxes under a law passed in Dec. 2017 that levied an “unprecedented” excise tax on some universities’ endowment returns, according to a spokeswoman.
A University investment in Brazilian farmland could face a lawsuit as prosecutors review allegations that a Harvard-linked company does not rightfully own the land.
Harvard owns 7,500 acres of vineyards in Cuyama Valley, California. Water scarcity threatens the future of agriculture in the region.
The Republican tax overhaul passed in December may impact the pensions of Harvard employees hired before 2001 and the University is currently “reviewing” the situation.
This could be bad news for organizations that depend heavily on donations—including institutions of higher education like Harvard.
Hidden in the Tax Cuts and Jobs Act passed last year is a change in the way taxes are calculated for nonprofits that could lead to increased expenses for Harvard.
Instead of using hedge funds to manage its money, the University should shift half of its $37.1 billion endowment into lower-cost funds tracking the S&P 500, the letter’s signatories argued.