Harvard’s endowment is a dedicated and permanent source of funding that maintains the teaching and research mission of the University. Made up of over 14,000 individual funds invested as a single entity, the endowment’s returns have enabled leading...
Jennifer Dilts joined the Office of Financial Strategy and Planning in 2008. As the Director of the Office of Financial Strategy and Planning, she oversees the multi-year financial planning and annual budget processes, including the annual tuition setting...
Katie McArdle is the Senior Director of Capital Planning & Project Services, where she oversees Harvard’s multi-year capital plan and annual capital budget. She leads the University’s capital project approval process, advances project delivery best...
The endowment remains the largest source of revenue supporting the University budget. In fiscal year 2024, endowment distributions for operations represented 37 percent of the University’s revenue—ranging from 85 percent of Radcliffe Institute for...
The University’s spending practice must balance two competing goals: the need to fund the operating budget with a stable and predictable distribution, and the obligation to maintain the long-term value of endowment assets after accounting for inflation.
Th...
