A two-year contract would increase staff members’ compensation.
How high-return endowment policies and increased debt led to liquidity crises—at Harvard and elsewhere
The Faculty of Arts and Sciences faces a smaller, but still multimillion-dollar, deficit.
Harvard Management Company refines its compensation system, and aims to gain more advantageous terms for assets managed externally.
The Arts and Sciences dean explains steps toward budget balance in fiscal year 2012—and concerns from financial aid to deferred capital projects.
On University governance and management
A successor to departing Senior Fellow James R. Houghton
The proliferation of knowledge in new fields and formats challenged Harvard libraries even before the University’s fiscal problems arose.
With construction on its huge science facility in Allston halted, Harvard reconsiders its planned expansion there.
Construction continues at the Law School and begins at the Fogg Art Museum.
James R. Houghton, senior fellow of Harvard’s senior governing board, will step down on June 30.
…but more hard work remains to be done.
UPDATED. Other institutions’ endowment results—and further budget cuts—suggest the challenges facing Harvard Management Company and the University.
The Faculty of Arts and Sciences lessens its budget problem, but an $80-million financial shortfall remains.
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.