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Your independent source for Harvard news since 1898

John Harvard's Journal

Spirit of Giving

January-February 2002

The University Campaign, concluded at the end of 1999, essentially doubled giving to Harvard, to $400 million or more annually. But remarkably, in fiscal year 2001, after the fund drive and in a weakening economy, total giving rose 40 percent, to $707 million. This sum reflects several large one-time research grants from non-federal sponsors; a $50-million Ford Foundation endowment for a program at the Kennedy School of Government; and the gift for the new Bauer Center for Genomic Research. Still, all categories of giving increased, from unrestricted current-use gifts to endowment funds and gifts for capital facilities.