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Who runs the Harvard Endowment Fund?

Harvard Management Company, which stewards the school's $50.9 billion endowment, is heavily exposed to alternative investments such as private equity funds — a practice that is consistent with many of its peer institutions.
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Who is the leader of the Harvard endowment?

Under the management company's current CEO, NP “Narv” Narvekar, who took the helm in late 2016, the endowment has increased its venture exposure in recent years — and was reportedly responsible for the endowment's nearly 3% gain in the 2023 fiscal year alone.
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Who manages Harvard's money?

Who manages Harvard's endowment? Harvard Management Company (HMC)—a nonprofit, wholly owned subsidiary of Harvard University—has managed the University's endowment portfolio since 1974. HMC has a singular mission of producing strong investment results to support the educational and research goals of the University.
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Who is Harvard funded by?

About the endowment

Harvard is funded, in part, by an endowment. The endowment includes thousands of philanthropic gifts donated since Harvard's early history, many of which were given to support specific aspects of Harvard's teaching and research work.
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How does Harvard invest its endowment?

Harvard's endowment is heavily allocated towards alternative investment strategies such as private equity and hedge funds, which respectively accounted for 39 and 31 percent of its assets at the end of fiscal year 2023, according to Narvekar's note.
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How Harvard and Other Colleges Manage Their Endowments

Where does Harvard get most of its money?

Total operating revenue increased 5% or $262 million to $6.1 billion. Harvard's diversified revenue portfolio relies on three main sources of revenue: education or tuition, sponsored research, and philanthropy.
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Is Harvard privately funded?

Harvard is probably the best-positioned university in the country to eschew federal financing. At nearly $51 billion, its endowment value is the largest for any university endowment in the country. Moreover, Harvard receives the most private donations of any American university – nearly $1.4 billion last year.
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How many billionaires are from Harvard?

According to a 2022 Forbes report, among the alumni of Harvard University there are 188 billionaires. This is more than any other school in the world.
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Is Harvard the richest University in the world?

Harvard University, with a $49.495 billion endowment as of FY2023, is the wealthiest university in the world. The National Association of College and University Business Officers (NACUBO) maintains information on endowments at U.S. higher education institutions by fiscal year (FY).
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How much taxpayer money does Harvard get?

These schools also rely on significant federal funding. For example, in 2021 Harvard received $625 million in federal funds, or approximately 67% of the school's total sponsored revenue that year.
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Who is the richest person to graduate from Harvard?

Harvard and Yale tied for second place with 11 graduates each from the list of wealthiest Americans. The Boston school slipped from the top spot, which it held in 2021. The richest Harvard grad is the owner of the Los Angeles Clippers and former Microsoft CEO Steve Ballmer, who ranked No. 8 on the Forbes 400 list.
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Who is the richest Harvard alumni?

Here's the list of Harvard's top 10 richest alumni.
  • Stephen Schwarzman. ...
  • George Kaiser. ...
  • Hansjörg Wyss. ...
  • Ray Dalio. ...
  • Len Blavatnik. ...
  • Jorge Paulo Lemann. ...
  • Steve Ballmer. ...
  • Michael Bloomberg. Bloomberg (MBA '66) is the founder, CEO, and president of Bloomberg and the former three-term mayor of New York City.
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Does the government fund Harvard?

Cambridge, Massachusetts

In 2021, Harvard University's federal funding increased to $625 million. This figure could have been even higher.
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Who controls university endowments?

One of the most important responsibilities of trustees is to oversee the management and allocation of the institution's assets. Trustees are legally obligated to be prudent in their investment management, but they also should make every effort to achieve as substantial a return as prudence will allow.
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Does Oxford have an endowment?

Endowments. The University has endowment assets of £1.7bn. Individual colleges have their own endowment assets, which amount to £6.4 bn.
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What is the richest university in the UK?

Trinity College, Cambridge, is the wealthiest of the individual colleges with published assets worth £1.3bn in its latest accounts. In Oxford, St John's College tops the table with close to £600m in assets.
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How did Harvard get so wealthy?

The Cambridge, Massachusetts-based school is the richest U.S. university, according to the National Center for Education Statistics, which based its rankings on 2021 endowment data. Universities, including Harvard, have typically built their endowments through two pathways: donations and investment gains.
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How many CEOs are from Harvard?

No College or University has more alumni who are now the CEOs of Fortune 500 companies than Harvard University, with 41 former students in those coveted spots at their respective companies. In fact, this is nearly double than the 2nd most amount, which goes to the University of Pennsylvania with 23 alumni.
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What is the nickname for Harvard students?

The most common term for a Harvard student is “Harvardian” or “'Vardian.” You will (as others have already said) also hear us referred to as “Cantabs,” after the Latin word for the city where Harvard is located, Cambridge (“Cantabrigia”), Mass.
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Can anyone pay to go to Harvard?

Harvard costs what your family can afford. We make sure of that. If your family's income is less than $85,000, you'll pay nothing. For families who earn between $85,000 and $150,000, the expected contribution is between zero and ten percent of your annual income.
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Is Harvard debt free?

Harvard's goal is 100% debt-free students, and they tune the cost of admission to make it possible. 60% of students at Harvard are paying an average of $16,000 a year; these are the students who come from middle/working class families.
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