Harvard University (Harvard) is one of the most well-respected institutions of higher learning in the United States and consequently, a popular choice among prospective students. With a 5% acceptance rate (40,000 students apply annually and only about 2,000 are accepted), Harvard is also one of the most competitive undergraduate schools in the country even though the cost to attend is about $65,000 annually ($45,000 for tuition and $20,000 for room, board, and fees).
Harvard is a 501 (c) (3) whose legal name is President and Fellows of Harvard College. There is also Harvard Management Company, Inc. (HMC) – a 501 (c) (3) – whose mission is to provide investment management services to Harvard (managing the $41.9 billion in net fund assets). Both of these organizations are key to understanding the financial aspects of what most people think of as “Harvard.” Read more