Endowment income distributed for operations makes up the largest share of Harvard’s revenue: 31 percent in the fiscal year ended June 30, 2004. But the individual schools’ finances vary depending on the size of their endowments (the Faculty of Arts and Sciences, FAS, has about half the total); reliance on tuition (an especially major factor for the law, business, and design schools); and sponsored-research operations (particularly in biomedical and related sciences). Data shown here, which exclude current-use gifts and other sources of revenue, come from the 2004 Financial Report.
