University Finances
Reporting on Harvard’s budget, endowment, and financial strategy.
Harvard Layoffs Continue, with More to Come
In the wake of federal government actions, several Harvard schools and institutes are cutting costs.
by Jonathan Shaw
In the Hole
Harvard assesses the feasibility of completing capital projects now under way, and the timing of other parts of its institutional master plan.
The Fiscal Crunch
Harvard and its schools are preparing for broad and potentially deep cost reductions.
Citing Recession, Yale Makes Deeper Cuts
Yale has announced a second, deep set of austerity measures; its reasons for doing so may cast light on the financial choices confronting Harvard.
Faust: University Will Slow Pace of Construction in Allston
Harvard will continue construction through 2009 while examining its options, which include pausing construction entirely.
Early-Retirement Program and Other Cost-Cutting Measures
The University unveiled incentives for staff members to retire early, and the president and Faculty of Arts and Sciences dean discussed other pending financial measures.
Harvard Management Company Reduces Staff 25 Percent
In the wake of sharp declines in the endowment, Harvard Management Company's new leadership is reducing staffing.
Princeton Details Endowment Results and Spending-Reduction Plans
Princeton has detailed a prospective 25 percent decline in its endowment and resulting restraint in its operating and capital budgets--in line with the steps taken by Yale, and indicative of the actions Harvard administrators may formulate.
Harder Times
An update on the University’s initial responses to the worsening economic climate
Harvard Borrows $2.5 Billion: The Costs and Rationale
The University moved quickly to sell new bond issues, to refund existing short-term debt, to increase financial flexibility, and as it turns out to extricate itself from expensive interest-rate swap agreements.
Endowment Managers' Compensation Reported
Harvard Management Company has issued its annual report on the compensation of its highest-earning investment professionals...