Harvard Management Company is now investing in a new cryptocurrency, Blockstack, according to Securities and Exchange Commission filings released Wednesday, a move some experts have said is still unusual for investors of its magnitude.
Harvard Management Company, the University’s investment arm, invests more heavily in technology companies than the other four largest university endowments in the country, according to the most recent U.S. Securities and Exchange Commission filings.
Harvard raised $1.42 billion in fiscal year 2018, the University’s largest-ever annual fundraising sum, and a higher education record. The total represents a more than 10 percent growth over its fiscal year 2017 donation income.
Amid Harvard’s dismissal of calls for fossil fuel divestment, Harvard Management Company — the group that oversees the University’s $39.2 billion endowment — has been one of the lead investors in a methane emissions reduction working group started in 2017.
The newest offering is the College’s 50th field of concentration. Previously, students interested in the field received a bachelor of arts or a bachelor of science in the Engineering Sciences concentration on a special track.
Last year, continuing and executive education brought in over $450 million in tuition revenue — a growth of over 11.5 percent from the previous year and over 60 percent over the past seven years.
The trial dominated news cycles, earning front-page coverage from national outlets and spurring papers including the New York Times and the Wall Street Journal to publish articles explaining how Harvard evaluates high schoolers.
“It is entirely appropriate for them to believe that it would be wonderful if their children could also enjoy the same benefits that they enjoyed as students,” Simmons said of alumni of Ivy League institutions like Harvard.
Unlike in admissions cycles past, Harvard officials will abide by specific, written guidelines detailing how and when they may consider an applicant’s race when deciding whether to admit that student to the College's Class of 2023 this year.
Huntington D. Lambert, dean of the Division of Continuing Education and Extension School, hailed the new program as a great addition to the School’s existing offerings.
Harvard Extension School held a convocation for admitted students for the first time in its 108-year history.
Catherine L. Zhang ’19 and Anant T. Pai ’19 were named First and Second Marshals, respectively.
The Division of Continuing Education’s Grossman Library closed its doors permanently after merging with the larger Harvard College Library system.
A federal appeals court ruled that the Broad Institute holds patent rights to the gene-editing technology CRISPR-Cas9.
The Division of Continuing Education has added two new fields of study, a joint bachelor’s and master’s degree program, and several new master’s capstone tracks.
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