President and Fellows of Harvard College

EIN: 042103580 501(c)(3) Education

CAMBRIDGE, MA

Total Revenue
$8,323,235,933
Total Expenses
$7,243,390,385
Total Assets
$79,935,301,000
Net Assets
$66,538,874,000
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1650
Legal Domicile
MA
Phone
6174957792
Tax Period
2024-07-01 to 2025-06-30

President and Fellows of Harvard College, founded in 1650, is a large national nonprofit in the Education sector that reported $8.3B in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $7.2B left a modest 13% surplus.

Mission

UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,852,353,540
Program Service Revenue $2,481,651,841
Investment Income $3,881,325,578
Other Revenue $107,904,974
TOTAL REVENUE $8,323,235,933

Expense Breakdown

Grants Paid $1,089,639,465
Salaries & Benefits $3,328,506,059
Fundraising Expenses $247,229,735
Program Expenses $6,199,432,971
Other Expenses $2,824,868,562
TOTAL EXPENSES $7,243,390,385

Year-over-Year Comparison

2024 2023 Change
Revenue $8,323,235,933 $7,654,478,632 +0.1%
Expenses $7,243,390,385 $6,837,224,617 +0.1%
Net Income $1,079,845,548 $817,254,015 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
11
Employees
39590
Volunteers
10000

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
16
$10,206,606
Total Directors
13
$1,783,463
Key Employees
3
$3,130,446
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN M GARBER SEE SCHEDULE O 60.0
Officer Director
$1,391,448 $251,390 $1,642,838
TIMOTHY R BARAKETT FELLOW/TREASURER 5.0
Officer Director
$0 $0 $0
BIDDY MARTIN FELLOW 5.0
Director
$0 $0 $0
DIANA L NELSON FELLOW 5.0
Director
$0 $0 $0
JOSEPH Y BAE FELLOW AS OF 07/01/24 5.0
Director
$0 $0 $0
KAREN GORDON MILLS FELLOW; SENIOR FELLOW AT HBS 17.0
Director
$116,213 $24,412 $140,625
KENNETH FRAZIER FELLOW 5.0
Director
$0 $0 $0
KENNETH I CHENAULT FELLOW 5.0
Director
$0 $0 $0
MARIANO-FLORENTINO CUELLAR FELLOW 5.0
Director
$0 $0 $0
PENNY S PRITZKER SENIOR FELLOW 9.0
Director
$0 $0 $0
SHIRLEY M TILGHMAN FELLOW 5.0
Director
$0 $0 $0
THEODORE V WELLS JR FELLOW 5.0
Director
$0 $0 $0
TRACY PALANDJIAN FELLOW 5.0
Director
$0 $0 $0
BRIAN LEE V.P. FOR ALUMNI AFFAIRS AND DEVELOPMENT UNTIL 04/16/25 60.0
Officer
$919,239 $76,884 $996,123
JAMES HUSSON V.P. FOR ALUMNI AFFAIRS AND DEVELOPMENT AS OF 04/01/25 60.0
Officer
$0 $0 $0
JENNIFER O'CONNOR V.P. AND GENERAL COUNSEL AS OF 07/29/24 60.0
Officer
$489,340 $47,364 $536,704
JOHN MANNING SEE SCHEDULE O 60.0
Officer
$985,882 $76,097 $1,061,979
KLARA JELINKOVA V.P. AND CHIEF INFORMATION OFFICER 60.0
Officer
$548,296 $74,139 $622,435
MANUEL CUEVAS-TRISAN V.P. FOR HUMAN RESOURCES 60.0
Officer
$535,527 $81,004 $616,531
MARC L GOODHEART SEE SCHEDULE O 60.0
Officer
$577,048 $83,800 $660,848
MARGARET NEWELL V.P. AND DEPUTY TO THE PRESIDENT 60.0
Officer
$636,263 $57,177 $693,440
MARTHA WHITEHEAD V.P. FOR THE HARVARD LIBRARY 60.0
Officer
$445,887 $69,165 $515,052
MEREDITH WEENICK EXECUTIVE VICE PRESIDENT 60.0
Officer
$825,207 $57,623 $882,830
PAUL ANDREW V.P. FOR PUBLIC AFFAIRS AND COMMUNICATIONS 60.0
Officer
$610,446 $80,444 $690,890
RITU KALRA V.P. FOR FINANCE AND C.F.O. 60.0
Officer
$646,696 $74,375 $721,071
SEAN CARON V.P. FOR CAMPUS SERVICES 60.0
Officer
$490,170 $75,695 $565,865
SUZANNE GLASSBURN V.P. AND SECRETARY OF THE UNIVERSITY AS OF 06/01/25 60.0
Officer
$0 $0 $0
GEORGE Q DALEY DEAN, FACULTY OF MEDICINE 60.0
Key Emp
$1,009,890 $43,968 $1,053,858
HOPI HOEKSTRA DEAN, FACULTY OF ARTS & SCIENCES 60.0
Key Emp
$691,601 $270,960 $962,561
SRIKANT M DATAR DEAN, FACULTY OF BUSINESS 60.0
Key Emp
$911,062 $202,965 $1,114,027
CLAUDINE GAY SEE SCHEDULE O 60.0
Highest
$1,397,749 $150,802 $1,548,551
DAVID J MALAN FACULTY 60.0
Highest
$1,228,579 $56,732 $1,285,311
KATHLEEN L MCGINN FACULTY 60.0
Highest
$1,884,004 $52,545 $1,936,549
NANCY F KOEHN FACULTY 48.0
Highest
$1,928,263 $57,067 $1,989,830
ROBIN J ELY FACULTY 48.0
Highest
$1,904,006 $55,539 $1,991,045
DIANE LOPEZ SEE SCHEDULE O 60.0
$540,529 $47,791 $588,320
LAWRENCE S BACOW SEE SCHEDULE O 60.0
$708,928 $57,580 $766,508
NITIN NOHRIA SEE SCHEDULE O 60.0
$580,639 $71,813 $652,452
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,323,235,933 $7,243,390,385 $79,935,301,000 $1,079,845,548
2024 No data No data No data No data
2023 $6,051,934,438 $6,253,073,686 $70,647,595,000 $-201,139,248
2022 $9,623,728,188 $5,826,813,321 $70,774,664,000 $3,796,914,867
2021 $8,943,246,824 $5,468,821,983 $72,612,094,000 $3,474,424,841
2020 $7,350,273,474 $5,653,421,409 $59,612,525,000 $1,696,852,065
2019 $7,854,637,824 $5,486,335,371 $57,546,936,000 $2,368,302,453
2018 $5,751,501,241 $5,243,094,233 $55,084,581,000 $508,407,008
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