University News
Breaking developments, leadership announcements, and policy changes from across Harvard’s schools and administration.
Harvard Weathers a Year of Turmoil
A timeline documents federal actions that targeted the University.
FAS Dean Details $220-Million Budget Gap
At a "town hall" meeting for Faculty of Arts and Sciences professors, staff members, and students, Dean Michael Smith outlined daunting financial...
"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.