University Finances

Reporting on Harvard’s budget, endowment, and financial strategy.

Smiling man in a black suit and glasses, standing against a beige backdrop.

Harvard Faculty of Arts and Sciences Appoints a New Finance Dean

Warren Petrofsky joins at a crucial moment when the FAS is dealing with a $350 million deficit.

by Lydialyle Gibson

Harvard FAS narrows budget chasm

…but more hard work remains to be done.

Harvard endowment prospects

UPDATED. Other institutions’ endowment results—and further budget cuts—suggest the challenges facing Harvard Management Company and the University.

Harvard Arts and Sciences faculty pares deficit

The Faculty of Arts and Sciences lessens its budget problem, but an $80-million financial shortfall remains.

Members of the Hasty Pudding Theatricals honored Anne Hathaway with a parade during her January 28 visit to Harvard.

Timberlake and Hathaway snag Pudding pots, Carlos Slim gift, IRS audit, and more

UPDATED. Our roundup also includes news of a gift from Carlos Slim, a favorable ranking of Harvard's value among colleges, and an audit by the IRS.

Harvard financial losses extend beyond the endowment

The Harvard University Financial Report for fiscal year 2009 documents losses not previously detailed.

Harvard Faculty of Arts and Sciences annual decanal report

Dean of the Faculty of Arts and Sciences Michael D. Smith presents his annual report.

Outside the Caspersen Room at the Harvard Law School Library: Ess Librarian and professor of law John G. Palfrey VII with University Library director and Pforzheimer University Professor Robert Darnton.

Harvard libraries under pressure

The University's financial crisis is exacerbating existing problems in expanding, coordinating, and technologically improving the collections.

Harvard FAS eases budget contraints slightly

A bit of breathing room for compensation, graduate students, and the library system.

The subterranean portions of the Allston Science Complex have been decked over. Here, looking northwest across Western Avenue toward the Charlesview apartments.

Harvard delays Allston construction, campus development

The University will halt construction on its Allston science complex, and—significantly—revisit plans for campus development more broadly.

Harvard faculty retirement offers

The Faculty of Arts and Sciences and four professional schools offer incentives for senior professors to plan their retirements.