Robert Jain, an investment banker at Credit Suisse, joined the Harvard Management Company in March as the newest member of the board of directors, the fourth person added to the body since last August.
Responding to congressional inquiry about university endowments, Harvard released an extensive document Friday explaining how its $37.6 billion endowment advances its educational—and tax-exempt—mission.
In the twenty-first year since the College randomized housing, freshmen will celebrate their final night as unassigned students with rituals and festivities that have ebbed and flowed over the last two decades.
In response to requests by Congressional leaders to increase the degree of federal oversight for large university endowments, Harvard has indicated it will work with Congress to provide more clarity and information regarding the use of its endowment resources.
After taking the top spot in 2014, Harvard fell to second in a ranking of universities by donations. Stanford has led this ranking, compiled by the Council for Aid to Education, for nine of the last ten years.