The Endowment: Each School’s Stake

(Sidebar) The shrinking Harvard endowment affects the University's different schools differently.

From The January-February 2009 Issue

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Harder Times

Harvard’s endowment, valued at $36.9 billion as of last June 30, in fact belongs to the separate schools and other academic departments. The large chart shows the share of the endowment owned by each (the Faculty of Arts and Sciences loomed largest, at $15.7 billion—nearly 43 percent of the total). Of crucial importance is each school’s dependence on distributions from the endowment for its operating budget, shown in the inset chart. Source: Harvard University Financial Report, Fiscal Year 2008.

Chart by Stephen Anderson

Published in the January-February 2009 print issue under the headline “The Endowment: Each School’s Stake,” in the John Harvard's Journal section.

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