University Finances

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

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 endowment falls from $36.9 billion to $26 billion

Harvard Management Company's annual report quantifies the punishing decline in the value of the University's endowment.

Harvard grapples with fallout from the endowment's decline

An update on the University's economic situation

Roundup of recent Harvard news

Short takes on recent news

Lapp Named Harvard EVP

University of California EVP succeeds Edward C. Forst '82.

"Resizing," before "Reshaping"

The Faculty of Arts and Sciences tackles a massive budget crisis.

Printed Catalogs: R.I.P.

A Harvard fixture bites the dust.

"Thank You, Alumni"

Reunioners and seniors of 2009 give the University a welcome assist.

Harvard Layoffs Update (June 30, 2009)

School-specific news on layoffs; FAS cost-cutting working groups; and the endowment's forward commitments

Layoffs Begin

The University has begun laying off employees, part of its efforts to reduce costs to cope with the projected 30 percent decline in the value of the endowment.

The Early Retirees

The University has disclosed information on the staff members, by school, who were offered and who accepted its voluntary early-retirement incentive program.