Harvard Management Company (HMC) reported a 7.3 percent return on endowment assets for the fiscal year ended June 30, 2020. September 29, 2020, 9:00 AM PDT Updated on September 29, 2020, 10:02 AM PDT. “Our team remains confident that the changes being made to both the portfolio and the organization’s systems, structure, and culture will serve the university well and generate the long-term returns on which Harvard relies,” Narvekar wrote. ... extend those instructions to advisers of investment vehicles used by Harvard’s endowment, including commingled funds where Harvard is … Distributions from the endowment provided $1.9 billion or 35% of total revenue for the year, and another 9% of revenue came from current gifts of philanthropy. Climate activists have a target: Harvard’s endowment. Harvard Endowment Gains 7.3%, Boosts Assets to $41.9 Billion. Harvard Endowment Valued at $41.9 Billion, Up 2.4 Percent. Caroline Buckee: Can Mobile-phone Data Help Control the Spread of the Coronavirus? Student groups have, The University recently announced that it will transition its endowment to become fossil-fuel neutral, —Staff writer Ellen M. Burstein can be reached at ellen.burstein@thecrimson.com. Class Notes or Obituaries, please log in using your Harvard Put another way, Harvard’s endowment is $13mm per student, or $171mm per faculty member. The performance for the 12 months through June 30 beat the prior year’s 6.5% gain, according to a statement Tuesday. Harvard Reports 1st Deficit Since 2013 While Sitting On $41.9 Billion Endowment (Joe Raedle/Getty Images) Comments Jordan Lancaster Reporter. By Deirdre Fernandes Globe Staff, Updated February 19, 2020, 6:00 a.m. Demonstrators stormed the field during halftime at the Harvard … In … In light of the pandemic, activists have pressured the University to use its endowment to cover worker expenses. Feb. 5, 2020 at 11:49 p.m. UTC. Harvard, with $40 billion endowment, to receive $9 million as part of the federal government’s coronavirus relief package Posted at 3:49 pm on April 18, 2020 by Brett T. 21 Apr 2020. In early August, the Corporation, more confident, decided to level-fund the distribution, instead. This following is a list of U.S. institutions of higher education with endowments greater than one billion dollars according to the National Association of College and University Business Officers ... Endowment per capita (2020) 1 Princeton University: $2,864,026 2 Soka University of America: Harvard University Digital Accessibility Policy. Harvard University Digital Accessibility Policy 1898. Michael McDonald. In contrast, the average among the 10 National Universities with the largest endowments at the end of fiscal year 2019 was about $20.4 billion. Crimson receiver and returner Andrew Fischer breaks loose for a 58-yard run in the second quarter—one of several huge plays on the day. The returns marked a, At the outset of the COVID-19 pandemic, experts, Still, administrators say that Harvard has faced increased expenses as a result of the pandemic. In a volatile year for investors (the pandemic and resulting economic fallout depressed the securities markets late last winter and early spring, before enormous monetary and fiscal stimulus programs prompted sharp recoveries), HMC’s rate of return, which is net of all investment expenses, actually exceeded the 6.5 percent it realized in fiscal 2019. Danielle Allen: What Do COVID-19 and Extreme Inequality Mean for American Democracy? A financial endowment is a transfer of money and/or property donated to an institution. Tom Nichols dissects the dangerous antipathy to expertise. Over the past 20 years, for example, Harvard’s endowment has lagged a portfolio that invested 60% in an S&P 500 index fund and 40% in a U.S. bond market index fund … Q1 2020 searches and hires overview report Rhode Island seeks record keeper for state's college retirement plans Arizona Public Safety nabs $155 million in commitments Harvard Management Company returned 7.3 percent on its investments for fiscal year 2020, bringing the value of the University’s endowment to $41.9 billion, the largest sum in its history. Newly anointed fund manager Solum Partners—launched by former executives from Harvard Management Company, which manages the Ivy League school’s $40 billion-plus endowment— will invest in global agriculture and food opportunities. As you can see, Harvard’s endowments value shot up in the 00s, going from $8bn to an eye-watering $24.67bn. Privacy Policy Harvard is cutting expenses. Princeton’s endowment of $26 billion comes out to $3.1 million per student, which is higher than Harvard’s $1.6 million. At the end of Fiscal Year 2019, Harvard boasted a $40.9 billion endowment. The university has overhauled its endowment in recent years after a string of disappointing returns. Jeff Schaffer (in the center) on the set of Curb Your Enthusiasm with its star, Larry David, and fellow cast members, TV writer and producer Jeff Schaffer on how to be funny. Four new House members boost the roster of alumni in Congress to 54. Harvard reunions, alumni meeting to be virtual, Harvard alumni elected to the 117th Congress, All Content ©1996-2020 Harvard Magazine Inc.All right reserved The Harvard alum pointed out that the school’s massive endowment equates to “$13mm per student, or $171mm per faculty member.” “ Universities with billions & billions stashed away in endowments should get no taxpayer money until they have tapped those endowments ,” Missouri senator Josh Hawley tweeted on Monday, calling the bailout of the wealthy college “ obscene .” Roberts pauses during a visit to the Watertown Riverfront Park Braille Trail, not far from his home. – The John D. Nichols '53 Family Director of Athletics, Bob Scalise, and Harvard University are happy to announce the endowment of Harvard Athletics' 25th head coach position, The Peter H. Carter '69 Head Coach for Harvard Alpine Skiing. But a rule-of-thumb estimate suggests that beginning from the $40.9-billion value at July 1, 2019: Other institutions reporting results by press time included MIT (which earned 8.3 percent on investments in fiscal 2020, down from 8.8 percent the prior year); and Yale (6.8 percent, up from 5.7 percent the prior year). As a hypothetical exercise, assume that the endowment records a negative 10 percent investment return during the year; that new […] In a succinct statement accompanying the September 29 announcement, HMC’s chief executive officer, N.P. Full coverage of HMC’s initial announcement of results appears at harvardmag.com/endowment-20. Alexandria Myers. Published on Jun 11, 2020. provide high-quality content and remain an editorially Bacow, University Provost Alan M. Garber '76, and University Executive Vice President Katie N. Lapp credited the University’s post-2008 recession planning for the strong returns in an email to University affiliates Tuesday morning. The endowment data above is correct as of Sept. 22, 2020. Harvard this week released its annual financial report, which details a $10 million deficit due to the sudden and overwhelming financial effects of the COVID-19 pandemic. The endowment’s value on that date was $41.9 billion: up $1.0 billion (2.4 percent) from $40.9 billion a year earlier. Other Ivy League schools also reported positive returns for the year. 2021, Photograph of the exhibit courtesy of Schlesinger Library/Radcliffe Institute for Advanced Study. Hollister said the University’s revenue had likely declined in fiscal year 2020 — and would likely decline in fiscal year 2021 — in an interview with the Harvard Gazette, a University publication, last week. Alumni or friends of institution sometimes contribute capital to the endowment. Donor contributions to the endowment have enabled leading financial aid programs, groundbr… By. HMC Performance The annualized return on the endowment, since HMC's founding, has been more than 11% per year and the endowment was valued at $40.9 billion on June 30, 2019. Harvard Management Company (HMC) reported a 7.3 percent return on endowment assets for the fiscal year ended June 30, 2020. The returns were announced in a note from HMC CEO N.P. Harvard this week released its annual financial report, which details a $10 million deficit due to the sudden and overwhelming financial effects of the COVID-19 pandemic. Student groups have long advocated for the University to divest its endowment from a number of entities, including fossil fuels, the prison industry, and Puerto Rican debt. Harvard University’s endowment returned 7.3% for the 2020 fiscal year ending in June after a strong market rebound offset losses from the March-April sell-off, bringing the endowment to $41.9 billion. Follow her on Twitter @ellenburstein. The Harvard Management Company manages Harvard's endowment and related financial holdings. Harvard Magazine? Mark Hulbert Opinion: What the Harvard endowment’s below-average grade can teach you about index funds and your investments Published: Oct. 10, 2020 at 3:34 p.m. Subscribe to our email newsletter. They are speculating a $6 billion drop in the endowment. Harvard Getting $9 Million in Coronavirus Aid, While Sitting on $40 Billion Endowment Posted by Mike LaChance Sunday, April 19, 2020 at 9:30am “the government has mandated that at least half — $4,327,874 — be reserved for emergency financial aid grants to students” Why is Harvard getting a single penny of this relief aid? Font Size: Harvard University reported a $10 million operating deficit in its Thursday financial report — the first deficit reported since 2013, according to the Boston Globe. An adept passer and gritty defender, Zeng also finished fifth in the Ivy League in service aces. Harvard endowment goes net zero by 2050. Booker T. Washington was an African-American leader, educator, and author. ... Harvard Law School (2020) Cambridge, MA. The aggregate endowment is made up of more than 13,000 individual endowments created over the last 350 years, which support faculty and students, including professorships and financial aid for undergraduates, graduate fellowships, and student life and activities. RT @gholland04: Harvard … Put another way, Harvard’s endowment is $13mm per student, or $171mm per faculty member. Harvard’s Endowment Returns 7.3% for the 2020 Fiscal Year The university cautioned the strong returns may not be enough to blunt the financial impact of the pandemic. To learn more about HMC's ongoing efforts to increase opportunities for diverse-owned asset managers, please read the University's July 2020 letter to Congress. The endowment’s value on that date was $41.9 billion: up $1.0 billion (2.4 percent) from $40.9 billion a year earlier. Harvard's Faculty of Arts and Sciences passed a motion calling to divest the university's $40 billion endowment from fossil fuels. Thomas J. Hollister, Harvard’s vice president for finance and chief financial officer, explains the Harvard Corporation’s revised endowment guidance for the 2021 fiscal year. Bacow, Garber and Lapp wrote that nearly 700 eligible staff members elected to participate in the University’s 2020 Voluntary Early Retirement Incentive Program. INCRA did not, unfortunately, conduct an assessment of Harvard’s land acquisitions, which were carried out in a similar manner. CNBC Select Here are the 5 best personal loans of December 2020. Harvard’s Endowment Returns 7.3% for the 2020 Fiscal Year The university cautioned the strong returns may not be enough to blunt the financial impact of the pandemic. Harvard University Endowment: $41 billion U.S. News best national universities rank: 2 (Photo: Bloomberg) Advertisement. Harvard University's Financial Results for Fiscal 2020 Message from the President . Why they still charge tuition is beyond me. “Narv” Narvekar to University affiliates Tuesday morning. N.P. The University recently announced that it will transition its endowment to become fossil-fuel neutral by 2050, a move that has received criticism from divestment activists. Gazette Q&A … That reliance was especially clear this year, as University revenues have declined by hundreds of millions of dollars (reflecting the shutdown of many executive-education programs, spring room and board rebates, fall declines in tuition and fees, and more), even as costs for operating during the pandemic have increased by tens of millions of dollars. Why Support Work. “Fine-tuning” an ancient practice to heal, not harm, Photograph by Stu Rosner; Painting: Jeanne-Antoinette Poisson, Marquise de Pompadour (1750) by François Boucher/Courtesy of the Harvard Art Museums/Fogg Museum, Bequest of Charles E. Dunlap. For Harvard, the 2020 returns mark a significant improvement. Harvard Management Company returned 7.3 percent on its investments for fiscal year 2020, bringing the value of the University’s, The returns were announced in a note from HMC CEO N.P. Enhancements and levies. The school was originally founded in 1821 as “Columbian College” with a charter from President James Monroe, but later changed the name with the attempt to honor the US’ … Follow her on Twitter, Harvard Management Company Public Securities Holdings Plummet in First Quarter, Harvard Will Cut Endowment Payout, Draw on Restricted Funds in FY2021 to Mitigate Revenue Shortfall, In Reversal, Harvard Will Maintain Normal Endowment Payout for Fiscal Year 2021. Source: Wikipedia, 2020. Harvard Management Company returned 7.3 percent on its investments for fiscal year 2020, bringing the value of the University’s endowment to $41.9 billion, the largest sum in its history. Harvard retains most of its wealth in the endowment, which totalled $40.9 billion in June 2019. Photograph by Barry Chin/The Boston Globe via Getty Images. Services, Your Donor Alana Goodman-March 24, 2020 3:00 PM. Through the years, the size and use of Harvard's endowment has drawn scrutiny. Report Copyright Infringement, Jeff Schaffer (in the center) on the set of, Bacow on Biden’s Agenda, Harvard Policing, “Made It: The Women Who Revolutionized Fashion”, At Home With Harvard: Editors' Favorite Stories of 2020, Harvard Great Performances: Andrew Fischer ’16. John F. Kennedy as an undergraduate, circa 1939, had well-formed views on the advent of World War II. Harvard endowment goes net zero by 2050. Launched in December 2017, Climate Action 100+ is a five -year initiative to engage with the world’s largest systemically important greenhouse gas emitters to take critical action to align their own operations with the goals of … Georgetown’s endowment is now ranked 61st for endowment funds of peer universities, below Harvard University, […] Rebecca Henderson: Does Capitalism Need to be Reimagined? Megan DeMatteo. Ilana Kowarski , Reporter Ilana Kowarski is a reporter for U.S. News, where she covers graduate school admissions. Amanda White May 7, 2020. By 2015, the table totaled $394.96 billion, an increase of 80%. Lawrence S. Bacow, President of Harvard University Financial Overview. independent source of news about the Harvard A number of … Harvard University faculty voted overwhelmingly to call on the school’s endowment managers to divest from fossil fuel … The endowment’s value on that date was $41.9 billion: up $1.0 billion (2.4 percent) from $40.9 billion a year earlier. The endowment size of … RT @gholland04: Harvard Getting $9 Million in Coronavirus Aid, While Sitting on $40B Endowment ... Harvard should send the money back — th… @GalRN. Harvard Management Company (HMC) reported a 7.3 percent return on endowment assets for the fiscal year ended June 30, 2020. David Roberts: A lifetime of adventures, risks, and rewards. Article Portfolio construction. The deficit represents a sharp transition … ensures that Harvard Magazine can continue to Harvard University’s endowment returned 7.3% in the latest fiscal year, lifting assets at the largest U.S. college fund to $41.9 billion. Narvekar, said, “As we continue to make progress in the five-year transition of HMC and our investment portfolio, we are mindful that there is much left for us to accomplish. Harvards endowment, the Universitys largest financial asset, is a perpetual source of support for the University and its mission of teaching and research. Then the coronavirus pandemic hit, magnifying new … Made possible through a group of dedicated and loyal skiing alumni, friends and parents, the endowment ensures a … Through the years, the size and use of Harvard's endowment has drawn scrutiny. Each of these forces could have an effect, in varying degrees, on the University’s financial outlook for the year,” Hollister said. Chat with us , powered by LiveChat Call Our Team: (305) 677-3327 - Mail Team@Endowments.com Your donation today Harvard University, which has the largest endowment of any school in the country, is cutting its subcontracted dining … George Washington University, named in honor of one of the United States’ founding fathers, is a coeducational private research university located in Foggy Bottom neighborhood of the capital city, Washington, DC. A curator takes a fresh look at portraits of aristocratic European women. To learn more about HMC's ongoing efforts to increase opportunities for diverse-owned asset managers, please read the University's July 2020 letter to Congress. Take Harvard for example. Harvard isn’t alone. In the United States, the endowment is often integral to the financial health of educational institutions. Under Harvard Management's oversight, Harvard's $35 billion endowment is absolutely massive, and a 13F equity portfolio in excess of $1 billion is no slouch either. The value of Harvard University’s endowment grew by $1 billion, to reach … Yale’s endowment returned 6.8 percent to total $31.2 billion, and Dartmouth’s returned 7.6 percent to total $6 billion. Harvard's endowment is worth $40 billion—here's how it's … It is too early, and the markets are far too volatile, to know what the assets will be worth at the end of fiscal 2020. At the outset of the COVID-19 pandemic, experts speculated that the size of Harvard’s endowment could shrink in the event of an economic downturn. The Harvard University endowment (valued at $40.9 billion as of 2019) is the largest academic endowment in the world. Harvard University’s endowment notched a 7.3% return in the fiscal year ended in June, a top rate among large endowments during a turbulent stretch in markets. Hollister said the University’s revenue had likely declined in fiscal year 2020 — and would likely decline in fiscal year 2021 — in an interview with the Harvard Gazette, a University publication, last week. independent source for Harvard news since 1898 | SUBSCRIBE, Addressing international students, and rethinking community safety, Philip W. Lovejoy, executive director, Harvard Alumni Association, Photograph by Will Halsey/Courtesy of the Harvard Alumni Association. By contrast, UVA remained in 20th place and had only risen to $2.91bn, thus falling much further behind financially. Graph shows rise in Harvard endowment over fiscal year from $40.9 billion to $41.9 billion. “We hope these funds will help each School take measures to protect the health of our community, including testing, contact tracing, and facility modification, as it responds to the unique challenges that it faces as a consequence of the pandemic,” they wrote. This guide provides access to digital materials related to Washington from the Library of Congress, as well as links to external websites and a selected print bibliography. The Board of Editors for volume 70 of the Harvard Law Review (1956-1957), immortalized on the steps of Austin Hall. "Narv" Narvekar, President and CEO, Harvard Management Company Harvard Gazette Q&A. In an interview with The Crimson on Friday, University President Lawrence S. Bacow said that Harvard has incurred “significant” COVID-related costs, including tens of millions of dollars in testing for University affiliates. Harvard is cutting expenses. Why Support Narvekar wrote that further details on HMC’s portfolio performance will be available in the University’s financial report in October. 3:31. The university’s endowment declined 3 percent from about $1.53 billion to $1.48 billion between fiscal years 2015 and 2016, according to a report of U.S. and Canadian university endowments conducted by the National Association of College and University Business Officers. In March, Harvard Magazine published an article that said the plunging market had brought the endowment’s value down to the mid-30-billion-dollar range. “This good news is particularly welcome at a time when the University projects revenue losses and budget shortfalls due to the cancellation of many activities, as well as additional outlays related to management of the pandemic. Until then, the factors contributing to the 2.4 percent rise in the endowment’s value cannot be known exactly. Feb. 5, 2020 at 11:49 p.m. UTC. HMC Performance The annualized return on the endowment, since HMC's founding, has been more than 11% per year and the endowment was valued at $40.9 billion on June 30, 2019. Don't have a Harvard Magazine account? To access The Endowment 500 is the leading source of university endowment fund rankings. Magazine account and verify your alumni status. In 2005, the endowment table below totaled $219.37 billion. The Gazette spoke with Harvard Executive Vice President Katie Lapp and Chief Financial Officer Thomas Hollister about the fiscal year that ended June 30. Harvard University in … Narvekar noted in his message that the University is in the process of restructuring its endowment management and shifting its portfolio as part of Harvard Management Company’s five-year plan. However, on 6 October 2020, the State Court of Bahia issued a judgement blocking the registration of lands for one of Harvard’s largest farmland acquisitions in Brazil— a 107,000 hectare agglomeration of lands known as Gleba Campo Largo. (1 of 8), Photograph courtesy of Berkshire East and Tino Specht, Skiing, snow tubing, and more in Western Massachusetts. 21 Apr 2020. Your | Financial Update | The Gazette spoke with Harvard Executive Vice President Katie Lapp and Chief Financial Officer Thomas Hollister about the fiscal year that ended June 30. Amanda White May 7, 2020. Harvard endowment goes net zero by 2050 . “We face extraordinary, in some ways unprecedented, challenges related to the pandemic and ones that extend beyond it, including the economy, politics, societal inequities, and pressures in higher education. Harvard says its direct investments amounted to $394 million as of May 2019, or roughly 1 percent of the endowment total. Highlights for fiscal 2020: •The endowment’s value was $41.9 billion as of this past June 30, the end of fiscal year 2020—an increase of $1.0 billion (2.4 percent) from $40.9 billion a year earlier. Harvard Management Company is re-positioning its $40 billion portfolio to invest in line with net-zero greenhouse gas emissions by 2050 following instructions from the president of the university, Larry Bacow last week. RT @gholland04: Harvard Getting $9 Million in Coronavirus Aid, While Sitting on $40B Endowment ... Harvard should send the money back — th… @Jack Winfrey. independent source for Harvard news since Bacow, Garber and Lapp also announced that Harvard will make an additional $20 million available to its degree-granting schools. College endowments are now reporting investment returns for the 2020 fiscal year, and some of the largest funds lagged the S&P 500, which gained … Some economists had posited that Harvard's endowment could shrink in 2020, but markets' resurgence through the summer saved the fund from a yearly loss. They are speculating a $6 billion drop in the endowment. All of the eight Ivy League Schools have multi-billion-dollar endowments at their disposal and they’ve generated some impressive returns over the years. Thomas J. Hollister, Vice President for Finance and Paul Finnegan, Treasurer Message from the CEO of Harvard Management Company. current issue January-February October 22, 2020 2:19 PM ET. Harvard Magazine? The alumni association announces the inevitable. Our editors choose their favorite stories from the year. The endowment is normally a predictable source of yearly funds, but during the financial markets’ spring turmoil, deans were advised that endowment distributions—the largest source of revenue, accounting for about 35 percent of Harvard’s annual budget—would be reduced during the current fiscal year, rather than increased as they had expected. The endowment is made up of more than 13,000 funds; the two largest categories of funds support faculty and students, including professorships and financial aid for undergraduates, graduate fellowships, and student life and activities. •The endowment’s value was $41.9 billion as of this past June 30, the end of fiscal year 2020—an increase of $1.0 billion (2.4 percent) from $40.9 billion a year earlier. Harvard endowment goes net zero by 2050. The Harvard Corporation has since announced that Harvard will make 3 percent of all restricted funds in the endowment available for immediate use as part of a “special assessment” of the University’s finances. The endowment figures, reported by each school in recent weeks, include growth from investment gains and losses while also reflecting fundraising and withdrawals during the fiscal 2020 … Francesca Dominici: How Does Air Pollution Affect COVID-19? The total further increased to $479.23 billion in 2018. •Harvard Management Company (HMC) recorded a 7.3 percent return on endowment assets during fiscal 2020: up from the 6.5 percent return recorded during the prior year. Image courtesy of Harvard Art Museums; © President and Fellows of Harvard College. The tabulated data below are from NACUBO. Harvard’s revenue fell in fiscal 2020 in the first annual decline since the last financial crisis, university administrators said in a message to faculty, … The author, only the third woman admitted to Review membership, stands in the fourth row, at upper left. Want to keep up with breaking news? Our team remains confident that the changes being made to both the portfolio and the organization’s systems, structure, and culture will serve the University well and generate the long-term returns on which Harvard relies.”. By Deirdre Fernandes Globe Staff, Updated September 29, 2020, 12:17 p.m. Check back at www.harvardmagazine.com for further information about the endowment and analysis of the University’s annual financial report. On Thursday, a new investment management firm focused on the real assets of agriculture and food production announced its existence. Harvard’s endowment is a dedicated and permanent source of support for the University and its mission of teaching and research, in the present and forever. The returns marked a slight increase from 2019, when the endowment returned 6.5 percent on its investments. Princeton is getting $2.4 million and Yale is receiving $6.9 million. The endowment size of the 10 wealthiest U.S. universities averaged $20.4 billion at the end of fiscal year 2019, according to a U.S. News report.. Harvard Hall in Harvard Yard on April 16, 2020. —Staff writer Ellen M. Burstein can be reached at ellen.burstein@thecrimson.com. Harvard says its direct investments amounted to $394 million as of May 2019, or roughly 1 percent of the endowment total. A sensational performance leads Harvard over Yale. Four Bank Robberies Strike Cambridge in Three Weeks, After a Rocky Year, Harvard Faces an Uncertain Economic Climate in 2021, Hollister Says, After a Socially Distant Fall, Freshmen Will Face Blocking Process Next Semester, Former Harvard Fencing Coach, Parent Indicted on Bribery Charges by Federal Grand Jury, Harvard President Bacow Defends Eliminating Pay for Most Idled Contract Workers. ET It is too early, and the markets are far too volatile, to know what the assets will be worth at the end of fiscal 2020. Still, administrators say that Harvard has faced increased expenses as a result of the pandemic. Register Here. In an. community. In September 2019, the Harvard endowment joined Climate Action 100+. Harvard University has a $41bn endowment—the largest in the world. Contrary to expert belief, some financial crises can be predicted—and perhaps averted. The conservative, legacies, the Electoral College. In 2018 its endowment earned a 10% annual return. As a hypothetical exercise, assume that the endowment records a negative 10 percent investment return during the year; that new […] As SEAS moves to Allston, President Bacow highlights the University’s newest innovation hub. And on September 29, reflecting the unexpectedly good endowment returns, President Lawrence S. Bacow told the community that the central administration would distribute an additional $20 million from its funds to schools, affiliated museums, and other units, helping deans and directors pay the bills for adapting to the pandemic. We are enormously grateful to Harvard’s past and present donors for their generosity in providing the resources that enable the University’s mission and its aspirational pursuit of excellence. In a succinct statement accompanying the September 29, 2020, 9:00 AM PDT 's! Largest academic endowment in recent years after a string of disappointing returns 1956-1957 ), immortalized on the steps Austin! Details on HMC ’ s portfolio performance will be available in the endowment and verify your status! $ 6.9 million per faculty member 2.4 million and Yale is receiving $ 6.9 million years, the and. Table totaled $ 219.37 billion result of the fiscal year that ended June 30, 2020 Colleges Against... % gain, according to a statement Tuesday only the third woman admitted to Review,. His home 2020 ) Cambridge, MA Q & a Andrew Fischer breaks loose for a 58-yard run the! Gersen: Do Elite Colleges Discriminate Against Asian Americans League schools have multi-billion-dollar endowments at their disposal they! Of disappointing returns mit 's returned 8.3 percent for the fiscal year,. Have a target: Harvard ’ s endowment is $ 13mm per student, $... '' Narvekar, President of Harvard 's endowment has drawn scrutiny from the CEO of Harvard Art Museums ; President! Athletic Communications, Volleyball captain Sandra Zeng ’ s newest innovation hub graph rise. 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