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Crimson staff writer

Kevin A. Simauchi

Crimson staff writer Kevin A. Simauchi can be reached at kevin.simauchi@thecrimson.com. Follow him on Twitter @simauchi.

Latest Content

Thomas Hollister
Central Administration

University CFO Says Harvard ‘Moving in the Right Direction,’ Despite Pandemic Costs

Harvard chief financial officer Thomas J. Hollister said the University’s finances are “moving in the right direction” in a Wednesday interview, though he cautioned that officials remain alert in the ever-changing landscape of the Covid-19 pandemic.

Harvard Management Company
University Finances

Harvard’s Shareholder Panel Votes On Three Facebook Governance Measures

Harvard’s Committees on Shareholder Responsibility voted on three resolutions presented to Facebook shareholders during the last fiscal year, according to a report published earlier this month.

Divest Rally
University

Divest Activists Lambast Harvard’s Remaining Ties to Fossil Fuel Industry in Research Funding, Governance

Fossil Fuel Divest Harvard published a report criticizing the University’s remaining links to fossil fuels within its faculty, governance, and research.

Harvard Management Company
Endowment

Harvard Management Company Sells Holdings in Tech, Increases Facebook Investments in Third Quarter

HMC sold its holdings in several technology and pharmaceutical companies while increasing its investments in Facebook in the third quarter of 2021.

HMC Building
Central Administration

Despite Historic Returns, Harvard Endowment Still Trails Ivy League Peers

Though the Harvard Management Company reported record-breaking returns last Thursday, several financial experts said it still lags behind the performance of key financial indices and its peer institutions.

Harvard Management Company
Endowment

Harvard’s Endowment Soars to $53.2 Billion, Reports 33.6% Returns

Harvard Management Company returned 33.6 percent on its investments for the fiscal year ending in June 2021, skyrocketing the value of the University’s endowment to $53.2 billion, the largest sum in its history.

Massachusetts Hall
Endowment

Harvard Ended Fiscal Year 2021 with $283 Million Surplus, Despite Losing $124 Million in Revenue

Harvard finished the fiscal year ending in June 2021 with a budget surplus of $283 million, despite a $124 million drop in revenue, according to the University’s annual financial report released Thursday.

HMC Building
Endowment

Experts Predict Strong Harvard Endowment Returns Ahead of October Report

Several financial experts predicted that the Harvard endowment will post returns of at least 20 percent for fiscal year 2021, which would bring the endowment to its largest sum in history.

Divest Rally
Endowment

Celebrating Harvard’s Divestment Decision, Fossil Fuel Divest Organizers Lay Out Next Steps

Fossil Fuel Divest Harvard plans to encourage the University to invest in green economic initiatives after Harvard’s surprise announcement that it intends to divest from fossil fuels.

California Olive Oil
University Finances

Harvard Endowment Linked to Contentious Battle Over California Olive Oil Labeling

Harvard became entangled in a feud over olive oil earlier this year when the California Legislature moved to regulate how the community is labeled — in part in response to the business practices of a company previously owned by Harvard Management Company.

Divest Rally
Student Groups

Divest Harvard Kicks Off In-Person Semester with Rally Outside University Hall

Roughly 80 student protestors with Divest Harvard — a student organization calling for the University to sell its investments in the fossil fuel industry — staged a “visual waterline” outside University Hall to represent the rally’s focus on rising sea levels.

Harvard Hat Tours
College

Harvard Student Agencies to Acquire Trademark Tours

Harvard Student Agencies is set to acquire Trademark Tours, the agency known for its flagship “Hahvahd” campus tour, according to a press release Wednesday.

Department of Education DOE
Politics

Harvard Declines Federal Pandemic Aid For Third Consecutive Time

Harvard will not accept federal aid from the American Rescue Plan Act, the federal stimulus package passed in March — the third time the University has refused rescue funds since the start of the pandemic.

State House
University Finances

Mass. State Reps. Introduce Bill Seeking To Compel Harvard To Divest From Fossil Fuels

Massachusetts State Reps. Michael L. Connolly and Rep. Erika Uyterhoeven introduced a bill this week that would seek to use the state’s constitutional oversight authority to compel Harvard to divest its holdings in the fossil fuel industry.

Massachusetts Hall
Endowment

Bacow Made $1.2 Million During First Full Year of Presidency, Financial Disclosures Show

University President Lawrence S. Bacow earned $1,224,889 in 2019, his first full year as Harvard’s president, according to financial documents filed by the University earlier this month.

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