.png) | |
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 1974 |
| Headquarters | Boston, Massachusetts, U.S. , U.S. |
Key people | N.P. "Narv" Narvekar (CEO) Sanjeev Daga (COO) |
| AUM |  US$53.2 billion (FY 2024)
[1] |
| Owner | Harvard University |
| Website | www.harvard.edu www |
The Harvard University endowment, valued at $53.2 billion as of June 30, 2024[update],[1][2] is the largest academic endowment in the world.[3][4] Its value increased in fiscal year 2024, ending the year with its largest sum in history.[5] Along with Harvard's pension assets, working capital, and non-cash gifts, the endowment is managed by Harvard Management Company, Inc. (HMC), a Harvard-owned investment management company.[6]
- ^ a b Kalra, Ritu and Timothy R. Barakett (October 2024). Financial Overview: From the Vice President for Finance and the Treasurer. Harvard University. 4.
- ^ HMC Performance: The annualized return on the endowment, since HMC’s founding, has been approximately 11% per year and the endowment was valued at $53.2 billion on June 30, 2024. Harvard Management Company.
- ^ "Ivy League Endowments 2015: Princeton University On Top As Harvard Struggles With Low Investment Return". International Business Times. 7 October 2015. Retrieved June 26, 2020.
- ^ "Is Taxing Harvard, Yale and Stanford the Answer to Rising College Costs?". Wall Street Journal. May 4, 2016. Retrieved June 26, 2020.
- ^ Virginia L. Ma and Kevin A. Simauchi (2021-10-14). "Harvard's Endowment Soars to $53.2 Billion, Reports 33.6% Returns". The Crimson. Retrieved 2021-10-14.
- ^ Harvard Management Company (2015). "About HMC". Retrieved June 26, 2020.
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search