Harvard University is the richest university in the world
Harvard University Endowment: $19.2
billion
Harvard University Budget: $1.9 billion (fiscal year 2000)
Harvard University Operating Surplus: $120 milliion, of which $51 million were unrestricted funds (fiscal
year 2000)
"The largest operating surplus in [Harvard's] history" according to VP for
Finance Elizabeth Huidekoper and Treasurer/Corporation Member D. Ronald Daniel
Endowment money distributed for operations increased from 1999-2000 more than 29%, from $430 million to $556 million
Gifts for current use increased 22%, to over $144 million
Total University Income up 14% = 1/4 billion, for a total of $2.023 billion
Expenses rose by only $65 million to $1.902 billion (depending on method of measure, this amounted to a rise of 4% to 8%)
Harvard is the
largest employer in the City of Cambridge
Harvard is the
fifth largest employer in the Commonwealth of Massachusetts
| Employee | Compensation for 1998 |
| Jonathan S. Jacobson, Fund Manager, Harvard Management Company |
$10 million |
| A Harvard Law School dining services worker | $6 per hour |
Amount a $6 per hour worker will earn working 35 hours a week, every week,
for a full year: $10,920
Poverty level for a single parent and one child: $11,021
More on poverty levels
Number of Harvard employees (not including subcontracted workers) who make under $10 per hour: 1,008
Amount it would cost Harvard to pay these employees $10.25 per hour: well under 0.5% of Harvard's budget.