University Finances
Harvard’s Capital Campaign Crosses $6 Billion Mark
Harvard has raised more than $6 billion in gifts and pledges in its capital campaign, charging still closer to its public goal of $6.5 billion.
Health Benefits Update Introduces Higher Premiums
Harvard faculty and nonunion staff members on Harvard’s health plans will see an average 7.3 percent increase in their insurance premiums next year.
Amid Volatility, Experts Say Management Company Should Hold Course
Finance experts say that despite both domestic and international market volatility, the Harvard Management Company should stay its course and not make drastic changes to investment portfolio.
Wiltshire Will Leave Harvard Management Company
Andrew G. Wiltshire joined HMC—the University’s investment arm that oversees its $35.9 billion endowment—in 2001 as a natural resource specialist.
$15 Million Gift Will Fund Public Service Initiatives
Mindich’s $15 million donation also boosts Harvard’s capital campaign, which is on track to become the most ambitious fundraising drive in higher education history.
Harvard and Union Negotiate as Deadline Approaches
If the Harvard Union of Clerical and Technical Workers and Harvard do not meet the Sept. 30 deadline, the union will likely continue to operate on its existing contract.
Despite Progress, No Plans To Raise Campaign Target
University President Drew G. Faust wants to target future fundraising at campaign priorities that have not yet attracted major giving.
Study: University Could Lose $108 Million Annually If It Divests
The study, funded by a lobby organization for the petroleum industry, examined the cost of divestment for Harvard and four other universities.
Benefits Changes Bring Relief, and Potentially Confusion
The chair of the body that recommended the changes is “worried” that Harvard faculty and staff might have difficulty navigating the numerous health plan options.
Harvard Management Company Elects Two New Board Members
A former Federal Reserve board governor and a co-founder of the Los Angeles-based Canyon Partners hedge fund joined the board in July.
Fully Renovated Dunster House Opens Its Doors
Dunster is third in the line of College House renovations—a more than $1 billion project, largely funded by Harvard’s ongoing $6.5 billion capital campaign.
After Criticism, Harvard Offers Additional Health Benefits Plan
Harvard has revised its health insurance options for nonunion faculty and staff members to offer an additional plan without deductibles or coinsurance.
Harvard's Controversial Romanian Forest Sold to Ikea Group
The move distances Harvard from a corruption case involving one of the contractors who helped oversee the land.
Rothenberg, Longtime Corporation Member, Dies at 69
As Harvard’s treasurer and a member of the Harvard Corporation, James F. Rothenberg '68 remained intimately connected to the University he loved, advising its leaders and helping manage its money, until his death Tuesday. He was 69.
A $400 Million Gift, and Accompanying Scrutiny
Administrators maintain that the criticism will do little to hurt their fundraising efforts, but one fact remains: John Paulson’s record gift to SEAS has brought record scrutiny to Harvard’s $6.5 billion capital campaign.
