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University Finances

Brian K. Lee
Fundraising

Bacow Names Former Tufts Colleague as New VP of Alumni Affairs and Development

Caltech's Brian K. Lee will oversee Harvard's fundraising efforts as the next Vice President for Alumni Affairs and Development.

Harvard Business School
Harvard Business School

$5 Million Donation to Harvard Business School Will Fund Case Studies in Artificial Intelligence

Stephen A. Schwarzman donated $5 million to support business school faculty members producing case studies on the effects of artificial intelligence.

Michelle Williams
School of Public Health

Harvard School of Public Health Raises $933 Million in Capital Campaign

The total more than doubles the goal of $450 million the school announced in October 2013.

Capital Campaign Numbers
Endowment

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.

Harvard Management Company
University Finances

Report: Harvard Management Company Sells Warehouses to Private Equity Firm

Harvard Management Company has sold $950 million in warehouse properties to private equity firm Blackstone Group ahead of HMC’s yearly returns announcement, Bloomberg reported Thursday.

Harvard Kennedy School
Harvard Kennedy School

Kennedy School Beats Fundraising Goal By $200 Million

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.

Piles of Money
FAS

Harvard Raises $9.6 Billion in Final Capital Campaign Tally, Smashing Its Own Fundraising Record

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.

Capitol Building
Central Administration

With Endowment Tax on the Horizon, Harvard Still Doesn’t Know How to File Its Returns

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.

The New President
Central Administration

Administrators Say Bacow Well-Equipped to Manage University Finances

Thomas J. Hollister, chief financial officer of the University, said the president-elect has long been “intimately involved” in Harvard's financial affairs as a Corporation member.

HMS Financial Woes
Harvard Medical School

HMS Financial Woes

Faust at 2021 Convocation
Central Administration

Faust Made $1.5 Million in 2016

Dean of the Faculty of Arts and Sciences Michael D. Smith, who is stepping down at the end of the year, made $701,956 in total salary and benefits in 2016, while Provost Alan M. Garber ’76 and made $871,960.

George Daley
Harvard Medical School

Medical School Building Sale Nears Close

The building, located between Vanderbilt Hall and the New Research Building on the school’s Longwood campus, has been on the market for at least five months.

Mass Hall, Fall 2017
University Finances

Harvard Raises $9.1 Billion in Capital Campaign

Harvard has raised $9.1 billion as part of its ongoing capital campaign as of March 31, according to a dean of the University and multiple alumni who attended a celebratory event in Sanders Theater Saturday afternoon.

Harvard Management Company
Endowment

Endowment Tax Could Affect Harvard's Pension Investments

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.

Division of Continuing Education
FAS

Division of Continuing Education Relies on Tuition Rather than Endowment Funding

The Division of Continuing Education has been almost entirely financially self-sufficient in recent years, raising money through tuition and other programming rather than relying heavily on money from the University endowment.

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