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Adjusted for inflation, that figure falls short of the average amount raised this decade. The University??s highest-ever total of $651 million ($792 million in today’s dollars) came at the end of its last capital campaign in fiscal year...
Citing the economic recession’s impact on Harvard philanthropy, the University??s chief fundraiser Tamara E. Rogers ’74 described the results as “inevitably disappointing, but not surprising...
Mendillo said that the Company is now also considering remodeling its portfolio to encourage team collaboration, focus more on internal strengths, and reassess the endowment’s risk and the University??s needs. While overall risk management was “adequate” last year and helped avoid extreme volatility, Mendillo wrote that more is being done now to manage risk and that lessons have been learned, particularly that “the risk tolerance of the University needs to be an integral factor” when determining how the endowment is invested...
...effort to streamline the University??s communication costs, Faculty of Arts and Sciences Dean Michael D. Smith has eliminated the FAS communications office and transferred its former director Robert P. Mitchell to the newly created post of FAS diversity dean, which has yet to see clearly defined responsibilities. The FAS communications office will be merged into the Harvard public affairs and communications office, with specific individuals charged with handling FAS, Smith wrote in an e-mailed statement. All information requests, media inquiries, and press releases pertaining to FAS—Mitchell’s former domain?...
...cuts have to be made.” Another recent athletic concern pertained to the department’s policies regarding undergraduate students and their gym memberships. The misconception involved the idea that undergraduates needed to reactivate their gym memberships online to continue having free access to the university??s gyms and classes. “There are no fees for using the university??s gym facilities,” said Associate Director of Athletics Jeremy Gibson. “We haven’t gone through any changes regarding that and the gyms are still...