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Harvard Financial Report Surplus

The annual financial report also documents endowment changes.

On Firmer Footing

Robust financial results despite the pandemic, and historic endowment returns

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

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.

Historical battle scene with soldiers in red and blue uniforms, flags waving, chaotic action.

The Harvard-Trained Doctor Who Urged a Revolution

Before his heroic death, General Joseph Warren was dubbed “the greatest incendiary in all of America.”

Mercy Otis Warren in period attire writes at a desk by candlelight, surrounded by books.

The Woman Who Penned the Case for War

Mercy Otis Warren’s poetry and plays incited the Patriot movement.