In a fiscally constrained era, faculty-administration tensions arise.
Governance reforms begun in 2010 progress further
Charters for the senior governing board’s new centers of expertise and oversight
Harvard’s largest faculty narrows its deficit, but faces continuing financial challenges.
The University, still adjusting to the financial crisis, incurs a $130-million deficit and pursues both savings and new revenues.
Lessened endowment funding, pressure on tuition, and remaining deficits
Expenses outpace revenue growth as the University continues to adapt financially.
Dean Michael D. Smith presents his draft annual report: budget, faculty growth, and more
University reports $639 million received in 2011—third highest total.
Schools continue to report favorable results—but those with capital campaigns can grow faster.