University Finances
Reporting on Harvard’s budget, endowment, and financial strategy.
Jack Reardon and Walter Cabot, Remembered
Plus, veteran higher education leader Thomas Ehrlich reflects on university curricula for his 70th reunion
by Primus VI
"A New Economic Reality"
The University’s financial gap measures in the hundreds of millions of dollars.
Financial Update: Harvard Retains Triple-A Rating, Princeton Foresees Deeper Cut
In affirming Harvard's credit rating, Moody's detailed recent and current financial challenges; Princeton, in the meantime, adopted a more pessimistic outlook on its finances and reined in its budgets further.
Endowment Distribution to Be Reduced 8 Percent; Budget Cuts Loom
Distributions from the endowment will be reduced 8 percent in each of the next two fiscal years; that action sets the stage for significant budget cuts.
Stanford Imposes Deeper Cuts, Too
Updated. Citing the deepening economic and financial crises, Stanford has decided to make deeper expense cuts in the next fiscal year; Yale recently imposed deeper cuts, too.
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.