President And Fellows Of Harvard College
- Assets
- $59.6b
- Revenue
- $7.4b
- Investments
- $15.2b
- Employees
- 34,351
- Location
- Cambridge, MA
- Founding
- 12/1967
- Data as of
- 06/2020
- EIN
- 04-2103580
Organization Overview
President And Fellows Of Harvard College is located in Cambridge, MA. The organization was established in 1967. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, President And Fellows Of Harvard College employed 34,351 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. President And Fellows Of Harvard College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, President And Fellows Of Harvard College generated $7.4b in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $5.7b during the year ending 06/2020. While expenses have increased by 2.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, President And Fellows Of Harvard College has awarded 2,439 individual grants totaling $1,129,757,273. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND OTHER INSTITUTIONAL ACTIVITIES: HARVARD UNIVERSITY (THE "UNIVERSITY") IS A PRIVATE, NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION WITH APPROXIMATELY 5,212 UNDERGRADUATE AND 13,418 GRADUATE STUDENTS. THE UNIVERSITY INCLUDES THE FACULTY OF ARTS AND SCIENCES (HARVARD COLLEGE), THE JOHN A. PAULSON SCHOOL OF ENGINEERING AND APPLIED SCIENCES, THE DIVISION OF CONTINUING EDUCATION, TEN GRADUATE AND PROFESSIONAL SCHOOLS, THE RADCLIFFE INSTITUTE FOR ADVANCED STUDY, A VARIETY OF RESEARCH MUSEUMS AND INSTITUTES, AND AN EXTENSIVE LIBRARY SYSTEM TO SUPPORT THE TEACHING AND RESEARCH ACTIVITIES OF THE HARVARD COMMUNITY.
SPONSORED RESEARCH ACTIVITIES: THE RANGE OF RESEARCH ACTIVITIES AT HARVARD IS BROAD AND DEEP. HARVARD SCHOLARS CONDUCT RESEARCH IN ALMOST EVERY FIELD, AND SEEK TO EXPAND HUMAN KNOWLEDGE THROUGH ANALYSIS, INNOVATION, AND INSIGHT. AS REPORTED ON PART VIII, RESEARCH IS SUPPORTED BY FEDERAL GRANTS (LINE 1E), NON-FEDERAL SPONSORED GRANTS (LINE 1F) AND NON-FEDERAL SPONSORED CONTRACTS (LINE 2B). THE UNIVERSITY'S PRINCIPAL SOURCE OF FEDERAL SPONSORED FUNDS IS THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THE UNIVERSITY ALSO HAS MANY NON-FEDERAL SOURCES OF SPONSORED AWARDS, GRANTS, AND CONTRACTS, INCLUDING RESEARCH INSTITUTES, FOUNDATIONS, STATE AND LOCAL GOVERNMENTS, FOREIGN GOVERNMENTS, AND CORPORATIONS. SPONSORED GRANTS AND CONTRACTS NORMALLY PROVIDE FOR THE RECOVERY OF DIRECT AND INDIRECT COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Fellow | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turner Construction Construction Contractor | 6/29/21 | $110,039,561 |
Lee Kennedy Co Inc Construction Contractor | 6/29/21 | $52,210,484 |
Bond Brothers Inc Construction Contractor | 6/29/21 | $36,006,510 |
Restaurant Associates Inc Dining Services | 6/29/21 | $37,335,684 |
Shawmut Design And Construction Construction Contractor | 6/29/21 | $104,366,497 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,314,892 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $584,437,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $832,066,800 |
| Noncash contributions included in lines 1a–1f | $148,820,683 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,419,818,892 |
| Total Program Service Revenue | $1,877,296,436 |
| Investment income | $255,305,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $83,564,729 |
| Net Rental Income | $27,967,666 |
| Net Gain/Loss on Asset Sales | $3,686,321,020 |
| Net Income from Fundraising Events | -$450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,350,273,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $146,623,392 |
| Grants and other assistance to domestic individuals. | $647,182,412 |
| Grants and other assistance to Foreign Orgs/Individuals | $23,144,904 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,683,517 |
| Compensation of current officers, directors, key employees. | $8,552,057 |
| Compensation to disqualified persons | $2,114,758 |
| Other salaries and wages | $1,997,074,087 |
| Pension plan accruals and contributions | $164,464,759 |
| Other employee benefits | $294,441,689 |
| Payroll taxes | $124,055,294 |
| Fees for services: Management | $45,438,147 |
| Fees for services: Legal | $23,635,092 |
| Fees for services: Accounting | $2,518,554 |
| Fees for services: Lobbying | $284,955 |
| Fees for services: Fundraising | $189,954 |
| Fees for services: Investment Management | $110,296,585 |
| Fees for services: Other | $405,770,279 |
| Advertising and promotion | $24,370,406 |
| Office expenses | $189,181,281 |
| Information technology | $106,227,808 |
| Royalties | $4,060,367 |
| Occupancy | $299,779,544 |
| Travel | $65,806,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,537,123 |
| Interest | $176,293,774 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,631,092 |
| Insurance | $15,978,561 |
| All other expenses | $44,079,374 |
| Total functional expenses | $5,653,421,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,662,000 |
| Savings and temporary cash investments | $37,116,000 |
| Pledges and grants receivable | $2,394,162,000 |
| Accounts receivable, net | $120,300,000 |
| Loans from Officers, Directors, or Controlling Persons | $2,120,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $370,013,000 |
| Inventories for sale or use | $7,733,000 |
| Prepaid expenses and deferred charges | $286,180,000 |
| Net Land, buildings, and equipment | $8,165,466,000 |
| Investments—publicly traded securities | $30,167,371,000 |
| Investments—other securities | $15,187,846,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,843,556,000 |
| Total assets | $59,612,525,000 |
| Accounts payable and accrued expenses | $484,960,000 |
| Grants payable | $0 |
| Deferred revenue | $498,227,000 |
| Tax-exempt bond liabilities | $2,256,895,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,407,784,000 |
| Other liabilities | $4,412,725,000 |
| Total liabilities | $11,060,591,000 |
| Net assets without donor restrictions | $11,888,627,000 |
| Net assets with donor restrictions | $36,663,307,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,612,525,000 |
Grants Awarded
Over the last fiscal year, President And Fellows Of Harvard College has awarded $144,029,752 in support to 313 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: RESEARCH SUB-AWARD | $14,134,117 |
Brookline, MA PURPOSE: RESEARCH SUB-AWARD | $13,420,750 |
Somerville, MA PURPOSE: RESEARCH SUB-AWARD | $10,757,299 |
Cambridge, MA PURPOSE: RESEARCH SUB-AWARD | $6,661,891 |
Boston, MA PURPOSE: RESEARCH SUB-AWARD | $6,099,808 |
CTR FOR ADV BIOLOGICAL INNOV & MANUF PURPOSE: COMM. GIFT & CHAR. CONTRIB. | $6,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that President And Fellows Of Harvard College has recieved totaling $1,861,176.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $744,436 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $350,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $250,000 |
Usher 1f Collaborative Inc Newtonville, MA | | $163,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $141,542 |
The Open Gate Inc Cambridge, MA PURPOSE: PROGRAM SUPPORT | $114,940 |
Endowment Analysis
| Beg. Balance | $40,674,723,000 |
| Earnings | $12,445,078,000 |
| Admin Expense | $240,816,000 |
| Net Contributions | $427,462,000 |
| Other Expense | $1,400,197,000 |
| Grants | $286,382,000 |
| Ending Balance | $51,619,868,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern New Hampshire University Manchester, NH | $1,413,400,967 | $1,091,579,648 |
Albert Einstein College Of Medicine Bronx, NY | $1,023,925,401 | $371,509,260 |
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Mcphs University Boston, MA | $1,998,877,330 | $374,201,406 |
Teachers College Columbia University New York, NY | $726,324,570 | $250,184,193 |
Bryant University Smithfield, RI | $506,736,315 | $218,647,857 |
Rhode Island School Of Design Providence, RI | $767,673,515 | $200,813,322 |
Feinberg Graduate School Of The Weizmann Institute Of Science New York, NY | $6,818,981 | $172,532,346 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |