President and Fellows of Harvard College is the formal governing entity of Harvard University, the oldest corporation in the Western Hemisphere. Established in 1650 in Cambridge, Massachusetts, it is a private, not-for-profit institution of higher education operating as a 501(c)(3) organization. The organization serves as the smaller of Harvard's two governing boards, with the other being the Board of Overseers.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$74.4B
+5.3% YoY
Annual Giving
$181.7M
+25.0% YoY
Grant Count
344
+4.2% YoY
Avg Grant Size
$528K
+19.9% YoY
Mission & Focus Areas
Harvard's mission centers on undergraduate, graduate, and professional education and research across a broad array of academic domains. The institution emphasizes teaching, learning, and research as core activities that strengthen society through the growth and dissemination of knowledge.
The university comprises multiple schools and divisions including:
- Faculty of Arts and Sciences (Harvard College)
- John A. Paulson School of Engineering and Applied Sciences
- Division of Continuing Education
- Ten graduate and professional schools
- Radcliffe Institute for Advanced Study
- Research museums and institutes
- Extensive library system
Primary funding areas include education, philanthropy, voluntarism and grantmaking, and human services, with particular focus in Massachusetts, New York, and California.
Grantmaking
Harvard operates multiple grant programs and funding opportunities. Typical award ranges from $5,057 to $17,537,335. Active grant opportunities include:
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Geographic Focus
Where this funder awards grants
Primary funding focus areas include Massachusetts, New York, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of June 2023):
- Total Assets: $70,647,595,000
- Total Revenue: $6,051,934,438
- Total Expenses: $6,253,073,686
- Gross Receipts: $13,028,302,424
Historical Asset Growth:
- June 2013: $72,763,619,000
- June 2015: $73,518,242,000
- June 2016: $75,287,515,000
- June 2017: $52,078,749,000
- June 2018: $55,084,581,000
- June 2019: $57,546,936,000
- June 2021: $72,612,094,000
- June 2023: $70,647,595,000
Staffing:
- Approximately 37,629 employees
- 5,990 employees earning over $100,000
- Officer and director compensation: $14.7 million
Student Population:
- Approximately 7,178 undergraduate students
- Approximately 14,193 graduate students
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $74,371,580,000 | $70,647,595,000 | $70,774,664,000 |
| Revenue | $7,654,478,632 | $6,051,934,438 | $9,623,728,188 |
| Expenses | $6,837,224,617 | $6,253,073,686 | $5,826,813,321 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,405,121,472 | $1,769,569,766 | $5,010,972,211 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
12 open opportunities from President and Fellows of Harvard College
Call for Artists: Gallery Grant
President and Fellows of Harvard College
Amount
US $750 - US $2,000
Deadline
Rolling / Open
Call for Performers - Concerts in the Common Grant
President and Fellows of Harvard College
Amount
US $200 - US $1,200
Deadline
Rolling / Open
Faculty of Arts and Sciences Special Student Scholarship Grant
President and Fellows of Harvard College
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Alan M. Garber serves as principal officer, based at Massachusetts Hall in Cambridge, Massachusetts.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALAN M GARBER | SEE SCHEDULE O | 60 | $922,068 |
| CLAUDINE GAY | SEE SCHEDULE O | 60 | $1,079,008 |
| TIMOTHY R BARAKETT | FELLOW/TREASURER | 5 | — |
| BIDDY MARTIN | FELLOW | 5 | $3,524 |
| DIANA L NELSON | FELLOW | 5 | — |
| KAREN GORDON MILLS | FELLOW; SENIOR FELLOW AT HBS | 45 | $189,405 |
| KENNETH FRAZIER | FELLOW AS OF 02/07/24 | 5 | — |
| KENNETH I CHENAULT | FELLOW | 5 | — |
| MARIANO-FLORENTINO CUELLAR | FELLOW | 5 | — |
| PAUL J FINNEGAN | FELLOW | 5 | — |
| PENNY S PRITZKER | FELLOW | 9 | — |
| SHIRLEY M TILGHMAN | FELLOW | 5 | — |
| THEODORE V WELLS JR | FELLOW | 5 | — |
| TRACY PALANDJIAN | FELLOW | 5 | — |
| BRIAN LEE | V.P. FOR ALUMNI AFFAIRS AND DEVELOPMENT | 60 | $883,103 |
| DIANE LOPEZ | V.P. AND GENERAL COUNSEL UNTIL 02/29/24 | 60 | $972,728 |
| JOHN MANNING | INTERIM PROVOST AS OF 03/14/24 | 60 | $810,537 |
| KLARA JELINKOVA | V.P. AND CHIEF INFORMATION OFFICER | 60 | $530,602 |
| MANUEL CUEVAS-TRISAN | V.P. FOR HUMAN RESOURCES | 60 | $519,137 |
| MARC L GOODHEART | V.P. AND SECRETARY OF THE UNIVERSITY | 60 | $573,516 |
| MARGARET NEWELL | V.P. AND DEPUTY TO THE PRESIDENT AS OF 01/26/24 | 60 | $555,502 |
| MARTHA WHITEHEAD | V.P. FOR THE HARVARD LIBRARY | 60 | $431,961 |
| MEREDITH WEENICK | EXECUTIVE VICE PRESIDENT | 60 | $777,736 |
| PAUL ANDREW | V.P. PUBLIC AFFAIRS AND COMM. | 60 | $570,222 |
| RITU KALRA | V.P. FOR FINANCE AND C.F.O. | 60 | $501,481 |
| SEAN CARON | V.P. FOR CAMPUS SERVICES | 60 | $452,373 |
| GEORGE Q DALEY | DEAN, FACULTY OF MEDICINE | 60 | $970,945 |
| HOPI HOEKSTRA | DEAN, FACULTY OF ARTS & SCIENCES AS OF 08/01/23 | 60 | $287,075 |
| SRIKANT M DATAR | DEAN, FACULTY OF BUSINESS | 60 | $947,857 |
| DAVID J MALAN | FACULTY | 60 | $1,313,964 |
| HERMAN B LEONARD | FACULTY | 48 | $1,786,044 |
| LAWRENCE S BACOW | SEE SCHEDULE O | 60 | $2,904,050 |
| LINDA HILL | FACULTY | 48 | $982,304 |
| PAUL M HEALY | FACULTY | 60 | $1,928,441 |
| MICHAEL D SMITH | SEE SCHEDULE O | 60 | $535,412 |
| NITIN NOHRIA | SEE SCHEDULE O | 60 | $571,982 |
| THOMAS J HOLLISTER | SEE SCHEDULE O | 60 | $451,828 |
Recent News & Activity
Recent developments and announcements
Harvard has been active in research funding and grant awards, including:
Research team awarded Schmidt Sciences grant for AI humanities project \u2014\Research team awarded Schmidt Sciences grant for AI humanities project
Research team awarded Schmidt Sciences grant for AI humanities project \u2014\Faculty of Arts and Sciences announced new $50 million endowment for Ph.D. candidates
FAS Announces New Endowment for Ph.D. Candidates | Harvard MagazineContinued focus on research activities supported by federal grants, non-federal sponsored grants, and institutional funding
The organization maintains tax-exempt status with unconditional exemption, and contributions are tax-deductible. It has been granted tax-exempt status since December 1967.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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