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Harvard Financial Report Surplus

The annual financial report also documents endowment changes.

Harvard Endowment Increases $11.3 Billion and University Operates at a Surplus

A 33.6 percent return on endowment investments, as expense controls and donor support buoy the budget in an unprecedented year

On Firmer Footing

Robust financial results despite the pandemic, and historic endowment returns

Explore More From Current Issue

Portrait of a man with white hair, wearing a black coat, arms crossed, thoughtful expression.

The Framer Who Refused to Sign the Constitution

Harvard’s Elbridge Gerry helped draft the U.S. Constitution, but worried it might create a new monarch.

Three joyful graduates in caps and gowns celebrate together outdoors.

Commencement Week Events

Harvard Commencement Events 2026

A dancer in a black leotard poses gracefully in a bright studio, with mirrors reflecting her movement.

A New ‘Black Swan’ Musical Cranks Up the Tension

The creative team of the A.R.T.’s new show dish on adapting Darren Aronofsky’s thriller classic from screen to stage.