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Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 credited Harvard’s increase in applications to the University??€™s generous financial aid, the continuing effects of the elimination of early admissions, and the appeal of the new School of Engineering and Applied Sciences...
...Faculty of Arts and Sciences has cut down its deficit to $80 million, which amounts to a $30 million decrease since FAS Dean Michael D. Smith announced in September that the University??€™s largest school had cut half of its projected deficit, according to a high-ranking FAS administrator...
...investigate the role of the arts in academic life at Harvard, President Drew Faust commissioned a Task Force on the Arts late in 2007. Just over a year ago the Task Force produced a detailed itinerary for integrating the arts into the university??€™s curriculum. Although the Task Force Report has had minimal concrete impact thus far, the administration’s open support for the arts has caused a wave of optimism among the student body...
...report found that university endowments declined an average of 18.7 percent in the fiscal year ending June 30, confirmation that Harvard has not been alone in suffering large endowment losses—though the average university??€™s losses have been significantly less severe...
These alternative assets contributed significantly to the decline in Harvard’s endowment—private equity holdings, which represented 13 percent of the University??€™s portfolio in 2009, fell 31.6 percent. Harvard Management Company’s investment strategies came under fire in the past year for investing the University??€™s endowment in private equity and other illiquid assets, which could not be sold easily to meet cash obligations...