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Fifteen percent of this year??s gifts will fund financial aid programs across the University, which Rogers said have received enthusiastic support from alumni, including those who were financial aid recipients themselves...
Harvard received $602 million in gifts this past fiscal year??an 8 percent decline from last year??s total, University officials announced yesterday...
After Harvard administrators started planning for a 30 percent drop in its $36.9 billion endowment by the fiscal year??s end, each of the University’s schools—and the Faculty of Arts and Sciences in particular—made a conscious push to bring in as many unrestricted gifts as possible. Rogers said that the strategy certainly helped boost fundraising numbers for the year, and Harvard will continue its efforts to raise current use funds...
...result of this year??s broad underperformance, “a substantial number” of portfolio managers have had portions of their bonuses earned in past years “clawed back” by HMC, the report said, although it did not provide more specific figures. HMC, which has been criticized for its multi-million dollar compensation packages in the past, typically rewards managers for adding value and outperforming benchmarks. But it also withholds large portions of the bonuses over subsequent years in order to emphasize long-term growth and protect against excessive risk-taking...
...Harvard to research issues confronting the modern press. The Shorenstein fellowship program, now in its twenty-fourth year, funds a semester-long term for experts in news media. Fellows are selected by a committee of the Shorenstein Center’s senior staff and Kennedy School faculty. This year??s fellows are John G. Geer, a Vanderbilt professor and an expert on political attack ads; Loen Kelley, a television producer who has worked with CBS, CNN, and CNBC; Bill Mitchell, a faculty member at the Poynter Institute who studies the evolving economics of news; and Steve Williams, executive...