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Harvard University (President and Fellows of Harvard College)

 1033 Massachusetts Avenue, Office for Sponsored Programs, 5th Floor
 Cambridge, MA 02138
[P] (617) 495-5501
[F] --
http://osp.finance.harvard.edu/
[email protected]
Sarah Axelrod
INCORPORATED: 1967
 Printable Profile (Summary / Full)
EIN 04-2103580

LAST UPDATED: 08/21/2018
Organization DBA Harvard Medical School
Harvard Kennedy School
Harvard Law School
Harvard T.H. Chan School of Public Health
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

Harvard University (comprising the undergraduate college, the graduate schools, other academic bodies, research centers and affiliated institutions) does not have a formal mission statement.

The mission of Harvard College is to educate the citizens and citizen-leaders for our society. We do this through our commitment to the transformative power of a liberal arts and sciences education.

Mission Statement

Harvard University (comprising the undergraduate college, the graduate schools, other academic bodies, research centers and affiliated institutions) does not have a formal mission statement.

The mission of Harvard College is to educate the citizens and citizen-leaders for our society. We do this through our commitment to the transformative power of a liberal arts and sciences education.


FinancialsMORE »

Fiscal Year July 01, 2018 to June 30, 2019
Projected Income $4,800,000,000.00
Projected Expense $4,700,000,000.00

ProgramsMORE »

  • Women and Health Initiative

Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

Harvard University (comprising the undergraduate college, the graduate schools, other academic bodies, research centers and affiliated institutions) does not have a formal mission statement.

The mission of Harvard College is to educate the citizens and citizen-leaders for our society. We do this through our commitment to the transformative power of a liberal arts and sciences education.


Background Statement

Harvard is the oldest institution of higher education in the United States, established in 1636 by vote of the Great and General Court of the Massachusetts Bay Colony. The University is made up of 11 principal academic units – ten faculties and the Radcliffe Institute for Advanced Study. The ten faculties oversee schools and divisions that offer courses and award academic degrees.

Harvard has approximately 22,000 undergraduate and graduate and professional students, and about 2,400 faculty members and 10,400 academic appointments at affiliated teaching hospitals.

The Harvard Library is the largest academic library in the world. The museums are stewards of more than 28 million works of art, artifacts, specimens, materials, and instruments.


Impact Statement

Harvard University is made up of 11 academic units which are responsible for their organizational management. This is fundamental to the University's approach to maintaining and ensuring academic freedom and integrity of instruction and research. 

Needs Statement

Harvard University is made up of 11 academic units which are responsible for their organizational management. This is fundamental to the University's approach to maintaining and ensuring academic freedom and integrity of instruction and research.

CEO Statement

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Board Chair Statement

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Geographic Area Served

GREATER BOSTON REGION, MA
STATEWIDE
NATIONAL
INTERNATIONAL
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Organization Categories

  1. Education - Universities
  2. Education - Graduate & Professional Schools
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Women and Health Initiative

The Women and Health Initiative (W&HI) at the Harvard T. H. Chan School of Public Health recognizes that, due to persistent social and gender inequality around the world, girls and women experience increased risk of ill-health and injustice within the health sector, where they play dual roles as both consumers and providers of health care. The W&HI holistically conceptualizes women as both the beneficiaries of health care interventions and as critical caregivers within the health system. The Initiative is unprecedented in its balanced focus on improving women’s health and catalyzing women’s contributions to the health and wealth of societies.

A central tenet of the W&HI is that female-driven solutions rooted in gender equality and women’s empowerment will strengthen health systems to better address women’s needs. The W&HI aims to support women’s efforts to fulfill their potential as providers, decision-makers and leaders in health systems and, consequently, committing and preparing them to advance the women’s health agenda.

Budget  --
Category  Health Care, General/Other Public Health
Population Served Females Minorities
Program Short-Term Success  The W&HI continually operates numerous projects on maternal health locally and internationally. Each project has its own short term goals. For instance, one project has focused on bringing stakeholders and governing bodies together in discussion whereas another's goal was developing practical tools for counseling services.
Program Long-Term Success 
Develop interdisciplinary perspectives and innovative solutions to the challenges women face in the public health arena.
 
Bring together global partners including governments, foundations, private industry, multi-lateral agencies, non-governmental organizations and committed individuals.
Program Success Monitored By  --
Examples of Program Success  All projects and programs at Harvard must adhere to our fundamental sense of academic freedom and integrity. Inherent to that is the principle that while there may be expected outcomes, ultimately the science dictates results. Program success can be as varied as the projects. Taken together though success is instructing current students, developing tools for practitioners and continuing to build on basic research. To read more and see specific examples, please visit: https://www.hsph.harvard.edu/women-and-health-initiative/projects/

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Dr Lawrence Bacow
CEO Term Start July 2018
CEO Email [email protected]
CEO Experience --
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
-- -- --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

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CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 1
Number of Part Time Staff 1
Number of Volunteers 1
Number of Contract Staff 1
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 1,066
Asian American/Pacific Islander: 1,451
Caucasian: 12,572
Hispanic/Latino: 1,144
Native American/American Indian: 27
Other: 0
Other (if specified): 209
Gender Female: 9,605
Male: 8,478
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers N/A
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy --
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit --
State Registration Yes

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? N/A
CEO Formal Evaluation and Frequency N/A N/A
Senior Management Formal Evaluation and Frequency N/A N/A
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Dr Lawrence Bacow
Board Chair Company Affiliation President
Board Chair Term July 2018 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Lawrence Bacow Community Volunteer --
James Breyer Community Volunteer --
Kenneth Chenault Community Volunteer --
Paul Finnegan Community Volunteer --
Susan Graham Community Volunteer --
William F. Lee Community Volunteer --
Carolyn A. Martin Community Volunteer --
Jessica Tuchman Mathews Community Volunteer --
Karen Gordon Mills Community Volunteer --
Penny Pritzker Community Volunteer --
David Rubenstein Community Volunteer --
Shirley Tilghman Community Volunteer --
Theodore Wells Jr. Community Volunteer --

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 2
Asian American/Pacific Islander: 1
Caucasian: 10
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 6
Male: 7
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 0%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation No

Standing Committees

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CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Fiscal Year July 01, 2018 to June 30, 2019
Projected Income $4,800,000,000.00
Projected Expense $4,700,000,000.00
Form 990s

2017 Form 990

2016 Form 990

2015 Form 990

2014 Form 990

Audit Documents

2017 Audited Financials

2016 Audited Financials

2015 Audited Financials

2014 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2017 2016 2015
Total Revenue $5,773,782,886 $4,458,905,923 $6,609,236,543
Total Expenses $5,174,101,052 $4,930,905,851 $4,775,458,754

Prior Three Years Revenue Sources

Fiscal Year 2017 2016 2015
Foundation and
Corporation Contributions
-- -- --
Government Contributions $575,676,502 $562,978,685 $548,158,621
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $575,676,502 $562,978,685 $548,158,621
Individual Contributions $1,084,459,278 $1,066,905,198 $1,693,289,212
Indirect Public Support -- -- --
Earned Revenue $1,850,024,681 $1,803,838,140 $1,747,198,360
Investment Income, Net of Losses $2,261,583,913 $1,023,378,740 $2,619,074,919
Membership Dues $1,850,305 $1,805,160 $1,515,431
Special Events $188,207 -- --
Revenue In-Kind -- -- --
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2017 2016 2015
Program Expense $4,437,513,026 $4,260,864,393 $4,105,900,298
Administration Expense $550,378,646 $495,578,398 $502,178,190
Fundraising Expense $186,209,380 $174,463,060 $167,380,266
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.12 0.90 1.38
Program Expense/Total Expenses 86% 86% 86%
Fundraising Expense/Contributed Revenue 11% 11% 7%

Prior Three Years Assets and Liabilities

Fiscal Year 2017 2016 2015
Total Assets $52,078,749,000 $75,287,515,000 $73,518,242,000
Current Assets $6,393,419,000 $11,655,792,000 $13,256,633,000
Long-Term Liabilities $5,431,090,000 $5,176,702,000 $5,563,079,000
Current Liabilities $4,064,155,000 $28,225,892,000 $24,171,097,000
Total Net Assets $42,583,504,000 $41,884,921,000 $43,784,066,000

Prior Three Years Top Three Funding Sources

Fiscal Year 2017 2016 2015
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy Income Only
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2017 2016 2015
Current Ratio: Current Assets/Current Liabilities 1.57 0.41 0.55

Long Term Solvency

Fiscal Year 2017 2016 2015
Long-term Liabilities/Total Assets 10% 7% 8%

CEO/Executive Director/Board Comments

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Foundation Comments

Financial summary data in charts and graphs are per the organization's IRS Form 990s. Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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