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Posts tagged ‘Michael D Smith’

28
Sep

Executive Compensation at Harvard

Harvard is a private teaching and research university with an acceptance rate at about 5% of applicants.  Located in Boston, Massachusetts, Harvard has about 35,000 students including 6,000 undergraduates. The annual tuition, room, board, and fees is about $77,000.

There are 12 voting members (Fellows) of the governing body, 9 of whom are independent, 8 of the 12 (67%) are male while 4 of the 12 (33%) are female.

In 2020, Harvard’s total revenue was $7.4 billion (compared to $7.9 billion in 2019) with most of the income coming from 3 sources  :investment income, gains, and royalties ($4 billion), contributions, gifts, and grants ($1.4 billion) and tuition, fees, and services  ($1.9 billion).  Expenses were $5.3 billion (not including $350 million in depreciation).  At year-end, Harvard had $49 billion in net fund assets. Read more »

3
May

Executive Compensation at Harvard

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 »