Harvard’s Endowment Gains Nearly 12% as Funding Challenges Continue
1. Harvard's endowment returned 11.9%, totaling nearly $57 billion. 2. Projected $200 million cost from new 8% excise tax on investments. 3. Endowment allocation: 41% private equity, 14% public stocks, 31% hedge funds. 4. Harvard's return lagged behind S&P 500's 15.2% total return for the period. 5. Political pressures led to funding constraints and operational deficits.