Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 07-01-2024 , and ending 06-30-2025
BCheck if applicable:
CName of organization
President and Fellows of Harvard College
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
1033 MASSACHUSETTS AVE
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02138
D Employer identification number

04-2103580
E Telephone number

G Gross receipts $ 24,009,300,043
F Name and address of principal officer:
ALAN M GARBER
MASSACHUSETTS HALL
CAMBRIDGE,MA02138
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
WWW.HARVARD.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 1650
M State of legal domicile: MA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 13
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 11
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 39,590
6 Total number of volunteers (estimate if necessary) ............. 6 10,000
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 33,998,990
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 1,691,854,430 1,852,353,540
9 Program service revenue (Part VIII, line 2g) ......... 2,395,270,319 2,481,651,841
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 3,405,121,472 3,881,325,578
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 162,232,411 107,904,974
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 7,654,478,632 8,323,235,933
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 953,713,268 1,089,639,465
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 3,140,903,937 3,328,506,059
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 729,494 376,299
b Total fundraising expenses (Part IX, column (D), line 25) 247,229,735    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 2,741,877,918 2,824,868,562
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 6,837,224,617 7,243,390,385
19 Revenue less expenses. Subtract line 18 from line 12....... 817,254,015 1,079,845,548
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 74,371,580,000 79,935,301,000
21 Total liabilities (Part X, line 26)............. 12,112,676,000 13,396,427,000
22 Net assets or fund balances. Subtract line 21 from line 20..... 62,258,904,000 66,538,874,000
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 5,280,926,650 including grants of $ 882,242,109 ) (Revenue $ 2,385,280,432 )
EDUCATION AND OTHER INSTITUTIONAL ACTIVITIES: HARVARD UNIVERSITY (THE "UNIVERSITY") IS A PRIVATE, NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION WITH APPROXIMATELY 6,980 UNDERGRADUATE AND 13,986 GRADUATE STUDENTS. THE UNIVERSITY INCLUDES THE FACULTY OF ARTS AND SCIENCES (HARVARD COLLEGE), THE JOHN A. PAULSON SCHOOL OF ENGINEERING AND APPLIED SCIENCES, THE DIVISION OF CONTINUING EDUCATION, TEN GRADUATE AND PROFESSIONAL SCHOOLS, THE RADCLIFFE INSTITUTE FOR ADVANCED STUDY, A VARIETY OF RESEARCH MUSEUMS AND INSTITUTES, AND AN EXTENSIVE LIBRARY SYSTEM TO SUPPORT THE TEACHING AND RESEARCH ACTIVITIES OF THE HARVARD COMMUNITY.
4b (Code:   ) (Expenses $ 918,506,321 including grants of $ 207,397,356 ) (Revenue $ 96,371,409 )
SPONSORED RESEARCH ACTIVITIES: THE RANGE OF RESEARCH ACTIVITIES AT HARVARD IS BROAD AND DEEP. HARVARD SCHOLARS CONDUCT RESEARCH IN ALMOST EVERY FIELD, AND SEEK TO EXPAND HUMAN KNOWLEDGE THROUGH ANALYSIS, INNOVATION, AND INSIGHT. AS REPORTED ON PART VIII, RESEARCH IS SUPPORTED BY FEDERAL GRANTS (LINE 1E), NON-FEDERAL SPONSORED GRANTS (LINE 1F) AND NON-FEDERAL SPONSORED CONTRACTS (LINE 2B). THE UNIVERSITY'S PRINCIPAL SOURCE OF FEDERAL SPONSORED FUNDS IS THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THE UNIVERSITY ALSO HAS MANY NON-FEDERAL SOURCES OF SPONSORED AWARDS, GRANTS, AND CONTRACTS, INCLUDING RESEARCH INSTITUTES, FOUNDATIONS, STATE AND LOCAL GOVERNMENTS, FOREIGN GOVERNMENTS, AND CORPORATIONS. SPONSORED GRANTS AND CONTRACTS NORMALLY PROVIDE FOR THE RECOVERY OF DIRECT AND INDIRECT COSTS.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expenses6,199,432,971
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part VClick to see attachment
List of Attached Documents:
// Content
......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment
List of Attached Documents:
// Content
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....Click to see attachment
List of Attached Documents:
// Content
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
List of Attached Documents:
// Content
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see list of attachments
List of Attached Documents:
// Content
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
Yes
 
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part III.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
Yes
 
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
List of Attached Documents:
// Content
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................Click to see attachment
List of Attached Documents:
// Content
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
List of Attached Documents:
// Content
36
Yes
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
44,469
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
39,590
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: HK , HU , IN , AR , EI , IS , IT , JE , LU , AS , MP , MX , MG , MO , NL , NZ , NU , NI , PM , PE , PL , SN , SF , SP , TZ , TH , TS , TU , BE , UK , UY , BD , BR , CA , CJ , CI , CH , FR , GR
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
Yes
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
5
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
No
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
No
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
No
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
Yes
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
Yes
 
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
13
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
11
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
No
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
CA , IL , MA
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
OFFICE OF THE CONTROLLER1350 MASSACHUSETTS AVE STE 801   CAMBRIDGE,MA02138 (617) 495-7792
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) ALAN M GARBER......................................................................
SEE SCHEDULE O
 60.0
.................
3.0 		X   X       1,391,448 0 251,390
(2) TIMOTHY R BARAKETT......................................................................
FELLOW/TREASURER
 5.0
.................
2.0 		X   X       0 0 0
(3) BIDDY MARTIN......................................................................
FELLOW
 5.0
.................
1.0 		X           0 0 0
(4) DIANA L NELSON......................................................................
FELLOW
 5.0
.................
1.0 		X           0 0 0
(5) JOSEPH Y BAE......................................................................
FELLOW AS OF 07/01/24
 5.0
.................
1.0 		X           0 0 0
(6) KAREN GORDON MILLS......................................................................
FELLOW; SENIOR FELLOW AT HBS
 17.0
.................
2.0 		X           116,213 0 24,412
(7) KENNETH FRAZIER......................................................................
FELLOW
 5.0
.................
1.0 		X           0 0 0
(8) KENNETH I CHENAULT......................................................................
FELLOW
 5.0
.................
1.0 		X           0 0 0
(9) MARIANO-FLORENTINO CUELLAR......................................................................
FELLOW
 5.0
.................
1.0 		X           0 0 0
(10) PENNY S PRITZKER......................................................................
SENIOR FELLOW
 9.0
.................
1.0 		X           0 0 0
(11) SHIRLEY M TILGHMAN......................................................................
FELLOW
 5.0
.................
1.0 		X           0 0 0
(12) THEODORE V WELLS JR......................................................................
FELLOW
 5.0
.................
1.0 		X           0 0 0
(13) TRACY PALANDJIAN......................................................................
FELLOW
 5.0
.................
2.0 		X           0 0 0
(14) BRIAN LEE......................................................................
V.P. FOR ALUMNI AFFAIRS AND DEVELOPMENT UNTIL 04/16/25
 60.0
.................
0 		    X       919,239 0 76,884
(15) JAMES HUSSON......................................................................
V.P. FOR ALUMNI AFFAIRS AND DEVELOPMENT AS OF 04/01/25
 60.0
.................
0 		    X       0 0 0
(16) JENNIFER O'CONNOR......................................................................
V.P. AND GENERAL COUNSEL AS OF 07/29/24
 60.0
.................
0 		    X       489,340 0 47,364
(17) JOHN MANNING......................................................................
SEE SCHEDULE O
 60.0
.................
0 		    X       985,882 0 76,097
Form 990 (2024)
Form 990 (2024)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) KLARA JELINKOVA........................................................................
V.P. AND CHIEF INFORMATION OFFICER
 60.0
.......................6.0 		    X       548,296 0 74,139
(19) MANUEL CUEVAS-TRISAN........................................................................
V.P. FOR HUMAN RESOURCES
 60.0
.......................0 		    X       535,527 0 81,004
(20) MARC L GOODHEART........................................................................
SEE SCHEDULE O
 60.0
.......................1.0 		    X       577,048 0 83,800
(21) MARGARET NEWELL........................................................................
V.P. AND DEPUTY TO THE PRESIDENT
 60.0
.......................0 		    X       636,263 0 57,177
(22) MARTHA WHITEHEAD........................................................................
V.P. FOR THE HARVARD LIBRARY
 60.0
.......................0 		    X       445,887 0 69,165
(23) MEREDITH WEENICK........................................................................
EXECUTIVE VICE PRESIDENT
 60.0
.......................4.5 		    X       825,207 0 57,623
(24) PAUL ANDREW........................................................................
V.P. FOR PUBLIC AFFAIRS AND COMMUNICATIONS
 60.0
.......................0 		    X       610,446 0 80,444
(25) RITU KALRA........................................................................
V.P. FOR FINANCE AND C.F.O.
 60.0
.......................2.0 		    X       646,696 0 74,375
(26) SEAN CARON........................................................................
V.P. FOR CAMPUS SERVICES
 60.0
.......................3.5 		    X       490,170 0 75,695
(27) SUZANNE GLASSBURN........................................................................
V.P. AND SECRETARY OF THE UNIVERSITY AS OF 06/01/25
 60.0
.......................1.0 		    X       0 0 0
(28) GEORGE Q DALEY........................................................................
DEAN, FACULTY OF MEDICINE
 60.0
.......................6.0 		      X     1,009,890 0 43,968
(29) HOPI HOEKSTRA........................................................................
DEAN, FACULTY OF ARTS & SCIENCES
 60.0
.......................0 		      X     691,601 0 270,960
(30) SRIKANT M DATAR........................................................................
DEAN, FACULTY OF BUSINESS
 60.0
.......................0.5 		      X     911,062 0 202,965
(31) CLAUDINE GAY........................................................................
SEE SCHEDULE O
 60.0
.......................0.0 		        X   1,397,749 0 150,802
(32) DAVID J MALAN........................................................................
FACULTY
 60.0
.......................0 		        X   1,228,579 0 56,732
(33) KATHLEEN L MCGINN........................................................................
FACULTY
 60.0
.......................0 		        X   1,884,004 0 52,545
(34) NANCY F KOEHN........................................................................
FACULTY
 48.0
.......................12.0 		        X   1,928,263 4,500 57,067
(35) ROBIN J ELY........................................................................
FACULTY
 48.0
.......................12.0 		        X   1,904,006 31,500 55,539
(36) DIANE LOPEZ........................................................................
SEE SCHEDULE O
 60.0
.......................0 		          X 540,529 0 47,791
(37) LAWRENCE S BACOW........................................................................
SEE SCHEDULE O
 60.0
.......................0.0 		          X 708,928 0 57,580
(38) NITIN NOHRIA........................................................................
SEE SCHEDULE O
 60.0
.......................0 		          X 580,639 0 71,813
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 22,002,912 36,000 2,197,331
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 7,844
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
SHAWMUT DESIGN AND CONSTRUCTION

560 HARRISON AVE
SUITE 200
BOSTON,MA021182436 		CONSTRUCTION CONTRACTOR 193,275,761
YOH SERVICES INC

1500 SPRING GARDEN STREET
PHILADELPHIA,PA19130 		EMPLOYMENT SERVICES 68,153,659
WALSH BROTHERS INC

210 COMMERCIAL STREET
SUITE 417
BOSTON,MA02109 		CONSTRUCTION CONTRACTOR 50,956,773
SECURITAS SECURITY SERVICES

342 BROADWAY
CAMBRIDGE,MA021391843 		SECURITY SERVICES 41,609,288
RESTAURANT ASSOCIATES INC

117 WESTERN AVE
BOSTON,MA02163 		DINING SERVICES 38,145,707
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 773
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b 3,245,631
c Fundraising events..1c 263,006
d Related organizations1d  
e Government grants (contributions)1e 600,186,053
f All other contributions, gifts, grants, and similar amounts not included above1f 1,248,658,850
g Noncash contributions included in lines 1a - 1f:$ 1g 117,686,534
h Total. Add lines 1a-1f....... 1,852,353,540
Program Service RevenueAmt Business Code
2a STUDENT TUITION, ROOM & BOARD 900099 2,023,618,568 2,023,618,568    
b NON-FEDERAL CONTRACTS 900099 96,371,409 96,371,409    
c AUXILIARY HEALTH SERVICES 621400 83,065,817     83,065,817
d PUBLICATIONS 511130 30,997,732 30,997,732    
e STUDENT/EMPLOYEE SERVICES 611710 36,098,939   5,906,014 30,192,925
f All other program service revenue. 211,499,376 130,412,741 27,878,862 53,207,773
g Total. Add lines 2a–2f ..... 2,481,651,841
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 418,141,438   214,114 417,927,324
4 Income from investment of tax-exempt bond proceeds        
5 Royalties........... 84,011,836     84,011,836
(i) Real (ii) Personal
6a Gross rents 6a 64,331,052  
b Less: rental expenses 6b 40,285,177  
c Rental income or (loss) 6c 24,045,875 0
d Net rental income or (loss)....... 24,045,875     24,045,875
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 19,101,558,039 7,221,977
b Less: cost or other basis and sales expenses 7b 15,639,001,882 6,593,994
c Gain or (loss) 7c 3,462,556,157 627,983
d Net gain or (loss)......... 3,463,184,140     3,463,184,140
8a Gross income from fundraising events (not including $ 263,006of contributions reported on line 1c). See Part IV, line 18 ....
8a 30,320
b Less: direct expenses ... 8b 183,057
c Net income or (loss) from fundraising events.. -152,737   -152,737
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
OtherRevenueMiscAmt
Business Code
11a            
b            
c            
d All other revenue .... 0 0 0 0
e Total. Add lines 11a–11d ...... 0
12 Total revenue. See instructions..... 8,323,235,933 2,281,400,450 33,998,990 4,155,482,953
Form 990 (2024)
Form 990 (2024)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 271,694,729 271,694,729
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 774,518,878 774,518,878
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 43,425,858 43,425,858
4 Benefits paid to or for members ....... 0 0
5 Compensation of current officers, directors, trustees, and key employees ........... 14,083,802 857,562 11,470,135 1,756,105
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 1,844,459 1,844,459 0 0
7 Other salaries and wages........ 2,598,229,631 2,303,871,813 176,928,860 117,428,958
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 199,542,848 176,936,302 13,588,056 9,018,490
9 Other employee benefits ....... 350,244,824 310,564,997 23,850,247 15,829,580
10 Payroll taxes ........... 164,560,495 145,917,159 11,205,900 7,437,436
11 Fees for services (non-employees):        
a Management ...... 48,516,013 46,066,191 1,518,307 931,515
b Legal ......... 126,617,412 3,978,949 122,597,673 40,790
c Accounting ........... 2,544,004 475,470 2,068,534 0
d Lobbying ........... 586,674 406,159 180,515 0
e Professional fundraising services. See Part IV, line 17 376,299 376,299
f Investment management fees ...... 130,527,372 0 130,527,372 0
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 453,366,262 385,975,482 61,864,672 5,526,108
12 Advertising and promotion .... 58,253,857 54,920,768 1,768,080 1,565,009
13 Office expenses ....... 227,158,642 215,779,772 6,779,175 4,599,695
14 Information technology ...... 159,673,290 134,221,273 20,247,688 5,204,329
15 Royalties .. 3,255,801 3,207,284 17,040 31,477
16 Occupancy ........... 397,143,057 334,490,537 44,370,466 18,282,054
17 Travel ............ 98,841,453 91,934,784 1,625,458 5,281,211
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 85,113,049 65,765,134 6,270,555 13,077,360
20 Interest ........... 259,955,583 235,938,941 12,577,726 11,438,916
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 430,333,979 385,879,798 23,978,682 20,475,499
23 Insurance ... 24,339,586 9,055,940 15,283,646 0
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a TAXES AND FEES 130,325,643 29,586,134 99,480,846 1,258,663
b PAYMENTS TO ANNUITANTS 67,977,373 67,977,373 0 0
c BOOKS/PUBLICATIONS 53,319,277 52,845,040 211,822 262,415
d PUBLISHING 19,157,416 15,974,808 815,735 2,366,873
e All other expenses 47,862,819 35,321,377 7,500,489 5,040,953
25 Total functional expenses. Add lines 1 through 24e 7,243,390,385 6,199,432,971 796,727,679 247,229,735
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).        
Form 990 (2024)
Form 990 (2024)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 16,480,000 1 23,107,000
2 Savings and temporary cash investments ......... 40,144,000 2 145,145,000
3 Pledges and grants receivable, net ...... 2,418,933,000 3 2,406,093,000
4 Accounts receivable, net ............. 206,119,000 4 217,939,000
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
2,742,000 5 3,150,000
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
0 6 0
7 Notes and loans receivable, net ........... 421,487,000 7 443,900,000
8 Inventories for sale or use ............ 5,602,000 8 5,159,000
9 Prepaid expenses and deferred charges ...... 389,563,000 9 434,923,000
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 16,287,711,000
b Less: accumulated depreciation 10b 7,083,830,000 8,598,902,000 10c 9,203,881,000
11 Investments—publicly traded securities . 33,249,257,000 11 35,478,166,000
12 Investments—other securities. See Part IV, line 11 ..... 26,835,536,000 12 29,507,773,000
13 Investments—program-related. See Part IV, line 11 .. 0 13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 2,186,815,000 15 2,066,065,000
16 Total assets. Add lines 1 through 15 (must equal line 33)... 74,371,580,000 16 79,935,301,000
Liabilities 17 Accounts payable and accrued expenses ..... 546,150,000 17 615,430,000
18 Grants payable ...   18  
19 Deferred revenue ......... 573,908,000 19 569,546,000
20 Tax-exempt bond liabilities ......... 2,562,370,000 20 2,953,855,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
0 22 0
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties .. 4,571,710,000 24 5,339,593,000
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 3,858,538,000 25 3,918,003,000
26 Total liabilities. Add lines 17 through 25.. 12,112,676,000 26 13,396,427,000
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 16,079,184,000 27 17,197,838,000
28 Net assets with donor restrictions ........... 46,179,720,000 28 49,341,036,000
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 62,258,904,000 32 66,538,874,000
33 Total liabilities and net assets/fund balances ........ 74,371,580,000 33 79,935,301,000
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
8,323,235,933
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
7,243,390,385
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
1,079,845,548
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
62,258,904,000
5
Net unrealized gains (losses) on investments ...............
5
3,042,331,368
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
157,793,084
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
66,538,874,000
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 1,877,529,760 2,281,389,881 1,872,364,529 1,691,854,430 1,852,353,540 9,575,492,140
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 1,877,529,760 2,281,389,881 1,872,364,529 1,691,854,430 1,852,353,540 9,575,492,140
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. 263,318,293
6 Public support. Subtract line 5 from line 4. 9,312,173,847
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4.. 1,877,529,760 2,281,389,881 1,872,364,529 1,691,854,430 1,852,353,540 9,575,492,140
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 396,476,556 587,199,263 565,774,759 532,363,335 566,270,212 2,648,084,125
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 189,527 1,134,892 4,067,163 5,693,016 3,509,568 14,594,166
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. 96,897,119 122,994,948 139,263,123 153,945,929 166,313,778 679,414,897
11 Total support. Add lines 7 through 10 12,917,585,328
12
12
10,160,932,016
13
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................right arrow
Section C. Computation of Public Support Percentage
14
14
72.089 %
15
15
74.02 %
16a
33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................right arrow
b
33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow
17a
10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow
b
33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow
20
Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by 0.035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity 		2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions 		8  
9 Distributable amount for 2024 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2024 		(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions. 		 
6 Remaining underdistributions for 2024. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions. 		 
7 Excess distributions carryover to 2025. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A, Part II, Line 10 Other Income DESCRIPTION - PROGRAM SERVICE REVENUE EXCLUDED FROM TAX UNDER SECTIONS 512-514, COLUMN A - 96897119.0, COLUMN B - XXX-XX-XXXX.0, COLUMN C - XXX-XX-XXXX.0, COLUMN D - XXX-XX-XXXX.0, COLUMN E - XXX-XX-XXXX.0, COLUMN F - XXX-XX-XXXX.0; DESCRIPTION - NET INCOME OR (LOSS) FROM FUNDRAISING EVENTS, COLUMN A - 0.0, COLUMN B - -579.0, COLUMN C - -161350.0, COLUMN D - -139292.0, COLUMN E - -152737.0, COLUMN F - -453958.0;
Schedule A (Form 990) 2024


Additional Data


Software ID: 24020961
Software Version: 2024v5.1
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
President and Fellows of Harvard College
  		Employer identification number
04-2103580
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
President and Fellows of Harvard College
  		Employer identification number

04-2103580
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
President and Fellows of Harvard College
  		Employer identification number

04-2103580
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

right arrow Complete if the organization is described below. right arrow Attach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................right arrow
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................right arrow
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................right arrow
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................right arrow

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........right arrow

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2024

Schedule C (Form 990) 2024
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check right arrowexpenses, and share of excess lobbying expenditures).
B Check right arrow
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................    
c Total lobbying expenditures (add lines 1a and 1b) ............................................................    
d Other exempt purpose expenditures ...............................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ..................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2021 (b) 2022 (c) 2023 (d) 2024 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990) 2024


Schedule C (Form 990) 2024
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
Yes
 
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
Yes
 
200
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
Yes
 
586,474
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
Yes
 
350,399
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
 
 
 
j
Total. Add lines 1c through 1i ....................................................................................................
937,073
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C, Part I-A POLITICAL CAMPAIGN ACTIVITIES THE UNIVERSITY DOES NOT ENGAGE IN DIRECT OR INDIRECT POLITICAL CAMPAIGN ACTIVITIES ON BEHALF OF OR IN OPPOSITION TO CANDIDATES FOR PUBLIC OFFICE. THEREFORE, THE UNIVERSITY DOES NOT INCUR ANY EXCISE TAX IMPOSED UNDER SECTION 4955 REPORTABLE ON IRS FORM 4720, RETURN OF CERTAIN EXCISE TAXES UNDER CHAPTERS 41 AND 42 OF THE INTERNAL REVENUE CODE.
Schedule C, Part II-B LOBBYING ACTIVITY THE UNIVERSITY ENGAGED IN LOBBYING ACTIVITIES BUT DID NOT MAKE A SECTION 501(H) LOBBYING EXPENDITURE ELECTION BY FILING FORM 5768. THE UNIVERSITY HAS ENGAGED IN DIRECT INTERACTION WITH LEGISLATORS AND STAFF BY TELEPHONE, EMAIL, DIRECT MAIL AND IN PERSON. LOBBYING DISCLOSURES FOR FORM 990 JULY 1, 2024 THROUGH JUNE 30, 2025: ISSUES LOBBIED AT THE FEDERAL LEVEL INCLUDE: - ISSUES REGARDING TAX EXEMPT STATUS, INCLUDING COLLEGE AND UNIVERSITY ENDOWMENTS, TAXES ON UNRELATED BUSINESS INCOME, NET INVESTMENT INCOME, AND EXECUTIVE COMPENSATION, STATE AND COMMUNITY PROPOSALS, AND POLICIES RELATED TO CHARITABLE GIVING AND TAX INCENTIVES. - ISSUES REGARDING TAX ADMINISTRATION, EMPLOYEE BENEFITS, AND HEALTH CARE REFORM - ISSUES RELATED TO HEALTH CARE, AND PUBLIC HEALTH - BUDGET AND APPROPRIATIONS FOR STUDENT FINANCIAL AID, EDUCATION, AND RESEARCH AT NIH, NSF, DOD, DOE, NASA, EPA, ED, NEH, AND HHS - IMMIGRATION LEGISLATION AND VISA POLICIES - EDUCATION AND STUDENT AID ISSUES, SPECIFICALLY PELL GRANTS AND FEDERAL LOANS, CONSUMER AND PUBLIC DISCLOSURES, STEM EDUCATION, COLLEGE COST, ACCOUNTABILITY, GRADUATE EDUCATION, INTERNATIONAL EDUCATION, FREE SPEECH ISSUES, CAMPUS SAFETY, PUBLIC SERVICE, AND VETERANS AND MILITARY EDUCATION - LEGISLATION CONCERNING MUSEUMS, LIBRARIES, THE ARTS AND THE HUMANITIES - LEGISLATION CONCERNING US INNOVATION AND COMPETITIVENESS, INCLUDING RESEARCH SECURITY, AUTHORIZATIONS FOR VARIOUS SCIENCE AGENCIES, INCLUDING NIH, OSTP, NSF, NASA, DOD, ENERGY'S OFFICE OF SCIENCE, NIST, AND OTHER AGENCIES ISSUES LOBBIED FOR THE COMMONWEALTH OF MASSACHUSETTS INCLUDE: - LEGISLATION AND ISSUES CONCERNING INNOVATION AND ECONOMIC DEVELOPMENT - LEGISLATION RELATED TO TAX POLICY REGARDING NONPROFITS - ISSUES AND LEGISLATION RELATED TO ACCESS TO HIGHER EDUCATION AND FINANCIAL AID - ISSUES RELATED TO ENERGY, ENVIRONMENT, AND RESILIENCY - ISSUES RELATED TO TRANSPORTATION INFRASTRUCTURE
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE UNIVERSITY PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES.
Schedule C (Form 990) 2024


Additional Data


Software ID: 24020961
Software Version: 2024v5.1

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ......... 45  
2 Aggregate value of contributions to (during year) 5,286,926  
3 Aggregate value of grants from (during year) 33,521,453  
4 Aggregate value at end of year ........ 218,617,667  
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c 0
d Additions during the year ............................ 1d 27,616,416
e Distributions during the year .......................... 1e 27,616,416
f Ending balance ................................ 1f 0
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 51,756,372,000 49,327,673,000 49,425,810,000 51,619,868,000 40,674,723,000
b Contributions ... 384,604,000 396,193,000 431,655,000 770,348,000 427,462,000
c Net investment earnings, gains, and losses 5,665,103,000 4,353,992,000 1,298,941,000 -914,067,000 12,445,078,000
d Grants or scholarships ... 394,378,000 361,773,000 345,682,000 322,730,000 286,382,000
e Other expenditures for facilities
and programs ... 		1,720,242,000 1,645,523,000 1,182,415,000 1,459,422,000 1,400,197,000
f Administrative expenses .... 332,631,000 314,190,000 300,636,000 268,187,000 240,816,000
g End of year balance ...... 55,358,828,000 51,756,372,000 49,327,673,000 49,425,810,000 51,619,868,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow25.7 %
b
Permanent endowment right arrow21.7 %
c
Term endowment right arrow52.6 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
Yes
 
(ii) Related organizations .................
3a(ii)
Yes
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   900,685,000 900,685,000
b Buildings ....   12,438,719,000 5,935,103,000 6,503,616,000
c Leasehold improvements   247,909,000   247,909,000
d Equipment ....   1,500,537,000 1,148,727,000 351,810,000
e Other .....   1,199,861,000   1,199,861,000
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 9,203,881,000
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) Closely-held equity interests		    

(B) Financial derivatives		    

(C) PRIVATE EQUITIES		 26,071,177,000 F

(D) REAL ASSETS		 3,436,596,000 F
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 29,507,773,000
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
Federal Income Taxes  
SECURITIES LENDING/ OTHER INVESTMENT LIABILITIES 1,234,736,000
DEPOSITS AND OTHER LIABILITIES 1,198,750,000
LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 900,070,000
OPERATING LEASE LIABILITIES 398,348,000
ACCRUED RETIREMENT OBLIGATIONS 148,974,000
DUE TO CONSOLIDATED ORGANIZATIONS 18,747,000
GOVERNMENT LOAN ADVANCES 18,378,000

Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 3,918,003,000
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d 0
e Add lines 2a through 2d ..................... 2e 0
3 Subtract line 2e from line 1.................. 3 0
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b 0
c Add lines 4a and 4b.................... 4c 0
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 0
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d 0
e Add lines 2a through 2d.................... 2e 0
3 Subtract line 2e from line 1................... 3 0
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ........... 4b 0
c Add lines 4a and 4b..................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 0
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Schedule D, Part III, Line 1a Collections of art - financial statement footnote THE UNIVERSITY'S VAST ARRAY OF MUSEUMS AND LIBRARIES CONTAINS PRICELESS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES.
Schedule D, Part III, Line 4 Collections of art - description of collections HARVARD ART MUSEUMS: THE HARVARD ART MUSEUMS ARE THREE MUSEUMS (FOGG MUSEUM, BUSCH-REISINGER MUSEUM, ARTHUR M. SACKLER MUSEUM) AND FOUR RESEARCH CENTERS (STRAUS CENTER FOR CONSERVATION AND TECHNICAL STUDIES, CENTER FOR THE TECHNICAL STUDY OF MODERN ART, HARVARD ART MUSEUM ARCHIVES, ARCHAEOLOGICAL EXPLORATION OF SARDIS, TURKEY). THE MUSEUMS' COLLECTION CONSISTS OF MORE THAN 250,000 OBJECTS IN ALL MEDIA, RANGING IN DATE FROM ANTIQUITY TO THE PRESENT WITH WORLDWIDE ORIGINS. THE COLLECTION IS AN IMPORTANT RESOURCE FOR THE HARVARD UNIVERSITY COMMUNITY, AS WELL AS TO A BROADER AUDIENCE OF STUDENTS, SCHOLARS, AND THE GENERAL PUBLIC. IT IS USED TO ADVANCE THE KNOWLEDGE AND APPRECIATION OF ART AND ART MUSEUMS THROUGH PROGRAMS INVOLVING RESEARCH, TEACHING, PROFESSIONAL TRAINING, AND PUBLIC EDUCATION. ARNOLD ARBORETUM: THE ARNOLD ARBORETUM OF HARVARD UNIVERSITY IS THE OLDEST PUBLIC ARBORETUM IN NORTH AMERICA AND ONE OF THE WORLD'S LEADING CENTERS FOR THE STUDY OF PLANTS. ADMINISTERED BY THE OFFICE OF THE PROVOST OF HARVARD UNIVERSITY AND A LINK IN BOSTON'S EMERALD NECKLACE OF PARKS, THE ARNOLD ARBORETUM IS A UNIQUE BLEND OF RESPECTED RESEARCH INSTITUTION AND BELOVED PUBLIC LANDSCAPE. WE PROVIDE AND SUPPORT WORLD-CLASS RESEARCH, HORTICULTURE, AND EDUCATION PROGRAMS THAT FOSTER THE UNDERSTANDING, APPRECIATION, AND PRESERVATION OF TREES. COLLECTION OF HISTORICAL SCIENTIFIC INSTRUMENTS: HARVARD UNIVERSITY HAS BEEN ACQUIRING SCIENTIFIC INSTRUMENTS ON A CONTINUOUS BASIS FOR TEACHING AND RESEARCH SINCE 1672. THE COLLECTION OF HISTORICAL SCIENTIFIC INSTRUMENTS, WHICH WAS ESTABLISHED IN 1948 TO PRESERVE THIS APPARATUS AS A RESOURCE FOR TEACHING AND RESEARCH IN THE HISTORY OF SCIENCE AND TECHNOLOGY, HAS BECOME ONE OF THE THREE LARGEST UNIVERSITY COLLECTIONS OF ITS KIND IN THE WORLD. IT CONTAINS OVER 20,000 OBJECTS DATING FROM ABOUT 1400 TO THE PRESENT. A BROAD RANGE OF SCIENTIFIC DISCIPLINES ARE REPRESENTED, INCLUDING ASTRONOMY, NAVIGATION, HOROLOGY, SURVEYING, GEOLOGY, CALCULATING, PHYSICS, BIOLOGY, MEDICINE, PSYCHOLOGY, ELECTRICITY, AND COMMUNICATION. SIGNIFICANT INSTRUMENTS, MADE OBSOLETE BY NEW TECHNOLOGIES, CONTINUE TO BE INCORPORATED. MANY OF THE DOCUMENTS DETAILING THE PURCHASE AND USE OF THE INSTRUMENTS HAVE BEEN PRESERVED, AND ARE AVAILABLE FOR RESEARCH IN THE COLLECTION'S ADJUNCT LIBRARY. MUSEUM OF COMPARATIVE ZOOLOGY (WITHIN THE MUSEUM OF NATURAL HISTORY): THE MUSEUM OF COMPARATIVE ZOOLOGY (THE MCZ) WAS FOUNDED IN 1859 ON THE CONCEPT THAT COLLECTIONS ARE AN INTEGRAL AND FUNDAMENTAL COMPONENT OF ZOOLOGICAL RESEARCH AND TEACHING. THIS 150-YEAR-OLD COMMITMENT REMAINS A STRONG AND PROUD TRADITION FOR THE MCZ. THE PRESENT-DAY MCZ CONTAINS OVER 21 MILLION SPECIMENS IN TEN RESEARCH COLLECTIONS WHICH COMPRISE ONE OF THE WORLD'S RICHEST AND MOST VARIED RESOURCES FOR STUDYING THE DIVERSITY OF LIFE. THE MUSEUM SERVES AS THE PRIMARY REPOSITORY FOR ZOOLOGICAL SPECIMENS COLLECTED BY PAST AND PRESENT HARVARD FACULTY-CURATORS, STAFF AND ASSOCIATES CONDUCTING RESEARCH AROUND THE WORLD. AS A PREMIER UNIVERSITY MUSEUM AND RESEARCH INSTITUTION, THE SPECIMENS AND THEIR RELATED DATA ARE AVAILABLE TO RESEARCHERS OF THE SCIENTIFIC AND MUSEUM COMMUNITY. USE OF THE COLLECTIONS IN STUDENT RESEARCH IS ALSO ENCOURAGED. FISHER MUSEUM HARVARD FOREST: THE FISHER MUSEUM'S MAIN EXHIBIT DISPLAYS TWENTY-THREE INTERNATIONALLY ACCLAIMED MODELS (DIORAMAS) PORTRAYING THE HISTORY, CONSERVATION AND MANAGEMENT OF CENTRAL NEW ENGLAND FORESTS. OTHER EXHIBITS AT THE MUSEUM REPRESENT THE RANGE OF HARVARD FOREST'S RESEARCH. HARVARD UNIVERSITY HERBARIA (WITHIN MUSEUM OF NATURAL HISTORY): THE HARVARD UNIVERSITY HERBARIA ARE AMONG SOME SEVERAL THOUSAND COLLECTIONS OF PRESSED, DRIED PLANT SPECIMENS WORLDWIDE THAT ARE USED BY RESEARCHERS TO FURTHER OUR UNDERSTANDING OF THE PLANT WORLD. SOME OF THE EARLIEST HERBARIA WERE FOUNDED IN EUROPE IN THE EARLY 1600'S, DURING THE DAYS OF EXPLORATION, WHEN KNOWLEDGE OF THE EARTH'S FLORA WAS GROWING AT SUCH A RAPID PACE THAT BOTANICAL GARDENS COULD NO LONGER MAINTAIN LIVING EXAMPLES OF EVERY KNOWN SPECIES. WHILE HERBARIUM COLLECTIONS OF ALL SIZES EXIST TODAY, THERE ARE FEWER THAN 75 HERBARIA WORLDWIDE WITH MORE THAN ONE MILLION SPECIMENS. HERBARIUM COLLECTIONS HAVE BEEN BUILT BY THE EFFORTS OF NUMEROUS BOTANISTS AND PLANT COLLECTORS WHO SEARCHED FROM REMOTE AND ISOLATED JUNGLES TO INNER CITY WASTE LOTS AND RAILROAD TRACKS TO DOCUMENT THE DIVERSITY AND DISTRIBUTION OF THE EARTH'S FLORA. REPRESENTATIVES OF MOST KNOWN SPECIES OF PLANTS CAN BE FOUND IN HERBARIA TODAY, CAREFULLY MOUNTED ON SHEETS OF ARCHIVAL QUALITY PAPER, LABELED WITH IMPORTANT INFORMATION ABOUT THEM, AND STORED ON SHELVES IN CABINETS. IN ESSENCE, A HERBARIUM IS ANALOGOUS TO A LIBRARY OF CAREFULLY PRESERVED PLANTS WHERE THE SPECIMENS THEMSELVES AND THE LABELS ASSOCIATED WITH THEM PROVIDE A WEALTH OF INFORMATION ONCE THEY HAVE BEEN "READ STUDIED BY SCIENTISTS. THE SPECIMENS ARE THE KEY TO UNDERSTANDING PLANT RELATIONSHIPS, GEOGRAPHIC DISTRIBUTIONS, ECONOMIC USEFULNESS, EVEN THEIR MOLECULAR MAKEUP. AS WE LOSE NATURAL HABITATS THE WORLD OVER, HERBARIA INCREASINGLY SERVE AS A RECORD OF THE RECENT HISTORY OF PLANT LIFE, AND AS A REPOSITORY OF PRECIOUS GENETIC INFORMATION. HERBARIA HOLD THE TOOLS FOR OUR UNDERSTANDING OF THE PLANT WORLD. MINERALOGICAL AND GEOLOGICAL MUSEUM (WITHIN MUSEUM OF NATURAL HISTORY): THE HARVARD MINERAL COLLECTION RANKS AMONG THE WORLD'S FINEST DUE TO ITS VERY BROAD REPRESENTATION, WEALTH OF RARE SPECIES; LARGE NUMBER OF SPECIMENS DESCRIBED IN THE SCIENTIFIC LITERATURE; AND THE QUALITY OF ITS DISPLAY SPECIMENS. A RICH SYSTEMATIC MINERAL COLLECTION AND DISPLAYS OF GEMSTONES ARE THE PRINCIPAL EXHIBITS IN THE MINERAL GALLERY. THE MUSEUM IS COMMITTED TO THE DEVELOPMENT AND PRESERVATION OF WORLD-CLASS COLLECTIONS OF MINERALS, GEMS, ROCKS, ORES, AND METEORITES FOR RESEARCH, EDUCATION, AND PUBLIC DISPLAY. ITS EARLIEST COLLECTIONS DATE BACK TO THE LATE 18TH CENTURY. THE MUSEUM CATERS TO THE HARVARD STUDENTS AND FACULTY AS WELL AS THE GEOLOGICAL COMMUNITY AT LARGE BY SERVING AS A UNIQUELY RICH RESOURCE OF MATERIALS AND INFORMATION. PEABODY MUSEUM OF ARCHAEOLOGY AND ETHNOLOGY: THE PEABODY MUSEUM OF ARCHAEOLOGY AND ETHNOLOGY IS STEWARD TO ONE OF THE OLDEST AND LARGEST COLLECTIONS OF CULTURAL OBJECTS IN THE WESTERN HEMISPHERE. SINCE THE LATE NINETEENTH CENTURY, THE MUSEUM HAS PLAYED AN ACTIVE PART IN THE HISTORY OF AMERICAN ANTHROPOLOGY AND IN THE EVOLVING RELATIONSHIP BETWEEN MUSEUMS AND NATIVE PEOPLES. THE PEABODY STRIVES TO MAKE COLLECTIONS WIDELY ACCESSIBLE AND ENGAGE ISSUES OF CONCERN TO DIVERSE AUDIENCES. TODAY, THE PEABODY HOUSES MORE THAN SIX MILLION INDIVIDUAL OBJECTS, 500,000 PHOTOGRAPHIC IMAGES, AND SUBSTANTIAL ARCHIVAL RECORDS. STRONGEST IN THE CULTURES OF NORTH, CENTRAL, AND SOUTH AMERICA, AND THE PACIFIC ISLANDS, THE PEABODY IS ALSO CARETAKER TO IMPORTANT COLLECTIONS FROM AFRICA, EUROPE, AND ASIA. COLLECTION TYPES INCLUDE ARCHAEOLOGY; ETHNOGRAPHY; OSTEOLOGY; AND PAINTING, DRAWING, AND PRINTS. HARVARD MUSEUM OF THE ANCIENT NEAR EAST (FORMERLY THE SEMITIC MUSEUM): HARVARD MUSEUM OF THE ANCIENT NEAR EAST IS HOME TO THE UNIVERSITY'S COLLECTIONS OF NEAR EASTERN ARCHAEOLOGICAL ARTIFACTS. THESE ARTIFACTS COMPRISE OVER 40,000 ITEMS, INCLUDING POTTERY, CYLINDER SEALS, SCULPTURE, COINS AND CUNEIFORM TABLETS. MANY ARE FROM MUSEUM-SPONSORED EXCAVATIONS IN ISRAEL, JORDAN, IRAQ, EGYPT, CYPRUS, AND TUNISIA. THE MUSEUM IS DEDICATED TO THE USE OF THESE COLLECTIONS FOR THE TEACHING, RESEARCH, AND PUBLICATION OF NEAR EASTERN ARCHAEOLOGY, HISTORY, AND CULTURE. WARREN ANATOMICAL MUSEUM: THE WARREN ANATOMICAL MUSEUM'S PRESENT COLLECTION CONTAINS APPROXIMATELY 15,000 ARTIFACTS AND CASES INCLUDING: ANATOMICAL AND PATHOLOGICAL PREPARATIONS; VARIOUS WAX, PAPER MACHE, AND DRY PREPARATION ANATOMICAL MODELS; PHOTOGRAPHS, PRINTS, PAINTINGS, AND DRAWINGS; MEDICAL INSTRUMENTS AND MACHINES; AND OTHER MEDICAL MEMORABILIA. ALONG WITH THE WELL-KNOWN SKULL OF PHINEAS GAGE, THE MUSEUM HOLDS MANY OTHER RARE AND INTERESTING ITEMS. AMONG THESE ARE THE PHRENOLOGICAL COLLECTION OF JOHANN GASPAR SPURZHEIM, THE BOSTON SOCIETY FOR MEDICAL IMPROVEMENT COLLECTION, AND A W. T. G. MORTON-TYPE ETHER INHALER. THE MUSEUM PROMOTES THE COLLECTION FOR THE PURPOSES OF MEDICAL EDUCATION IN ALL FORMS WHENEVER POSSIBLE, BY EXPANDING ITS SCOPE TO PROVIDE PUBLIC PROGRAMMING AND EDUCATIONAL RESOURCES TO THE LARGER COMMUNITY. CARPENTER CENTER FOR THE VISUAL ARTS: CARPENTER CENTER FOR THE VISUAL ARTS IS DEDICATED TO THE SYNTHESIS OF ART, DESIGN, AND EDUCATION THROUGH THE EXHIBITION OF EXISTING WORKS AND PRODUCTION OF NEW COMMISSIONS. IT STRIVES TO BRING PEOPLE, IDEAS, AND OBJECTS TOGETHER IN GENERATIVE WAYS THAT PROVIDE UNPARALLELED EXPERIENCES WITH CONTEMPORARY ART, ULTIMATELY ENRICHING THE CREATIVE AND INTELLECTUAL LIVES OF THEIR AUDIENCES.
Schedule D, Part IV, Line 1b Agent, trustee, custodian, or other intermediary arrangement AGENCY FUNDS REPRESENT AWARDS UNDER WHICH HARVARD SERVES AS AN INTERMEDIARY AGENT BETWEEN THE SPONSOR (USUALLY FEDERAL) AND THE ULTIMATE THIRD PARTY RECIPIENT. THE TRANSFER OF THE ASSETS TO HARVARD IS NOT A CONTRIBUTION RECEIVED BY HARVARD AND THE TRANSFER OF ASSETS TO THE RECIPIENT IS NOT A CONTRIBUTION MADE BY HARVARD. HARVARD DRAWS DOWN ON ITS FEDERAL LINES OF CREDIT MONTHLY TO COVER THOSE COSTS INCURRED ON FEDERAL AWARDS. THEREFORE, THERE IS NO BEGINNING OR ENDING BALANCE FOR THESE AGENCY FUNDS.
Schedule D, Part V, Line 4 Intended uses of endowment funds THE PRIMARY GOAL OF THE ENDOWMENT IS TO SUPPORT THE UNIVERSITY'S TEACHING AND RESEARCH MISSION.
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


Software ID: 24020961
Software Version: 2024v5.1




SCHEDULE E(Form 990)
(Rev. January 2025)


Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large image Complete if the organization answered "Yes" on Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image Go to www.irs.gov/Form990EZ for instructions and the latest information.
OMB No. 1545-0047Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? . . . . . . . . . . . . . . . . . .
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy on its primary publicly accessible Internet homepage at
all times during its taxable year in a manner reasonably expected to be noticed by visitors to the homepage, or through
newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no
solicitation program, in a way that makes the policy known to all parts of the general community it serves? If "Yes," please
describe. If "No," please explain. If you need more space use Part II. . . . . . . . . . . . . . . . . . .
3
Yes
 
 
4
Does the organization maintain the following:
a
Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5a
 
No
b
Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5b
 
No
c
Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .
5c
 
No
d
Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .
5d
 
No
e
Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5e
 
No
f
Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5f
 
No
g
Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5g
 
No
h
Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain in Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain in Part II. . . . . . . . . . . . . . . . . . . . . . . . . .
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50085D
Schedule E (Form 990) (Rev. 1-2025)
Schedule E (Form 990) (Rev. 1-2025)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information. See instructions.
Return Reference Explanation
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE ORGANIZATION MEETS THE CRITERIA ESTABLISHED IN SECTION 4.0 REVENUE PROCEDURE 75-50. THE UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. IT SATISFIES THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. IT ALSO REFERENCES ITS RACIALLY NONDISCRIMINATORY POLICY IN OTHER WRITTEN ADVERTISING THAT IT USES AS A MEANS OF INFORMING PROSPECTIVE STUDENTS OF ITS PROGRAMS.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THIS ORGANIZATION RECEIVES FUNDS FOR RESEARCH AND ADMINISTERS FEDERAL AID PROGRAMS TO STUDENTS ENROLLED IN POST-SECONDARY EDUCATION.
Schedule E (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE F(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
Central America and the Caribbean     Fundraising   6,403
Central America and the Caribbean     Grantmaking   198,640
Central America and the Caribbean 0 0 Program Services EDUCATION & RESEARCH 258,986
East Asia and the Pacific     Fundraising   402,551
East Asia and the Pacific     Grantmaking   3,457,008
East Asia and the Pacific     Investments   283,893,581
East Asia and the Pacific 2 4 Program Services EDUCATION & RESEARCH 10,139,089
Europe (Including Iceland and Greenland)     Fundraising   718,392
Europe (Including Iceland and Greenland)     Grantmaking   18,447,287
Europe (Including Iceland and Greenland)     Investments   386,645,996
Europe (Including Iceland and Greenland) 1 77 Program Services EDUCATION & RESEARCH 35,590,471
Middle East and North Africa     Fundraising   75,328
Middle East and North Africa     Grantmaking   1,214,683
Middle East and North Africa 0 5 Program Services EDUCATION & RESEARCH 3,163,895
North America (Canada & Mexico only)     Fundraising   34,608
North America (Canada & Mexico only)     Grantmaking   2,269,348
North America (Canada & Mexico only) 0 2 Program Services EDUCATION & RESEARCH 4,263,782
Russia and Neighboring States     Grantmaking   297,507
Russia and Neighboring States 0 0 Program Services EDUCATION & RESEARCH 329,016
South America     Fundraising   45,460
South America     Grantmaking   2,341,201
South America 0 0 Program Services EDUCATION & RESEARCH 2,261,399
South Asia     Fundraising   172,709
South Asia     Grantmaking   2,307,996
South Asia 0 14 Program Services EDUCATION & RESEARCH 4,094,536
Sub-Saharan Africa     Fundraising   11,487
Sub-Saharan Africa     Grantmaking   12,486,400
Sub-Saharan Africa 0 11 Program Services EDUCATION & RESEARCH 9,888,276
3a Sub-total .... 3 86 746,516,266
b Total from continuation sheets to Part I ... 0 27 38,499,769
c Totals (add lines 3a and 3b) 3 113 785,016,035
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 3,925,579 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 1,493,991 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 1,010,330 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 919,933 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 848,309 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 821,946 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 759,241 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 741,968 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 740,195 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 616,535 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 613,029 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 595,772 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 552,764 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 523,004 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 458,093 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 391,824 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 366,879 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 358,765 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 342,917 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 325,877 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 319,791 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 317,245 EFT OR CHECK      
Sub-Saharan Africa NON-SPONSORED AWARD 315,848 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 310,387 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 295,423 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 254,502 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 241,932 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 238,445 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 231,503 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 227,754 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 220,057 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 213,860 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 187,941 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 186,282 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 174,499 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 168,366 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 167,392 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 167,277 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 149,328 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 149,100 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 148,488 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 144,998 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 140,335 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 139,218 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 135,592 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 134,470 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 131,632 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 128,828 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 127,573 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 125,476 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 121,473 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 118,778 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 113,425 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 111,301 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 105,681 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 103,674 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 103,426 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 100,150 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 100,000 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 100,000 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 99,050 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 92,589 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 92,517 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 88,032 EFT OR CHECK      
Europe (Including Iceland and Greenland) NON-SPONSORED AWARD 84,966 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 80,806 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 79,537 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 77,033 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 74,053 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 70,375 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 67,781 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 66,365 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 64,490 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 63,750 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 62,895 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 58,378 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 57,661 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 57,498 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 54,256 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 50,660 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 50,450 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 50,087 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 48,954 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 48,600 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 47,042 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 46,394 EFT OR CHECK      
Russia and Neighboring States SPONSORED RESEARCH SUB-AWARD 45,527 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 45,101 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 41,383 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 39,666 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 39,306 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 39,207 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 38,774 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 38,400 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 34,993 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 34,489 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 32,504 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 32,164 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 29,678 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 28,589 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 26,115 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 23,960 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 22,421 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 21,732 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 20,488 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 15,960 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 15,752 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 14,535 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 14,209 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 13,269 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 10,172 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 10,000 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 7,980 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 5,457 EFT OR CHECK      
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
97
3 Enter total number of other organizations or entities .......................MediumBullet
17
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
Graduate Student Stipend Grants Central America and the Caribbean 3 9,450 EFT OR CHECK      
Graduate Student Stipend Grants East Asia and the Pacific 138 884,551 EFT OR CHECK      
Graduate Student Stipend Grants Europe (Including Iceland and Greenland) 76 667,617 EFT OR CHECK      
Graduate Student Stipend Grants Middle East and North Africa 5 16,532 EFT OR CHECK      
Graduate Student Stipend Grants North America (Canada & Mexico only) 14 152,586 EFT OR CHECK      
Graduate Student Stipend Grants Russia and Neighboring States 10 49,230 EFT OR CHECK      
Graduate Student Stipend Grants South America 30 115,017 EFT OR CHECK      
Graduate Student Stipend Grants South Asia 42 216,983 EFT OR CHECK      
Graduate Student Stipend Grants Sub-Saharan Africa 36 135,547 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Central America and the Caribbean 3 94,787 EFT OR CHECK      
Grants and Awards to Non-Harvard Students East Asia and the Pacific 34 646,428 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Europe (Including Iceland and Greenland) 121 4,046,841 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Middle East and North Africa 22 354,390 EFT OR CHECK      
Grants and Awards to Non-Harvard Students North America (Canada & Mexico only) 19 384,163 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Russia and Neighboring States 6 80,350 EFT OR CHECK      
Grants and Awards to Non-Harvard Students South America 22 234,019 EFT OR CHECK      
Grants and Awards to Non-Harvard Students South Asia 14 190,546 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Sub-Saharan Africa 42 1,019,802 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards Central America and the Caribbean 2 27,750 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards East Asia and the Pacific 82 422,660 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards Europe (Including Iceland and Greenland) 87 642,486 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards Middle East and North Africa 11 54,300 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards North America (Canada & Mexico only) 9 21,975 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards Russia and Neighboring States 15 46,835 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards South America 7 38,010 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards South Asia 11 49,480 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards Sub-Saharan Africa 17 89,520 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows East Asia and the Pacific 1 9,000 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows Europe (Including Iceland and Greenland) 61 2,041,073 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows South Asia 1 30,000 EFT OR CHECK      
Student loan Repayment Programs and Forgiven Loans Central America and the Caribbean 2 33,236 EFT OR CHECK      
Student loan Repayment Programs and Forgiven Loans East Asia and the Pacific 10 186,217 EFT OR CHECK      
Student loan Repayment Programs and Forgiven Loans Europe (Including Iceland and Greenland) 30 520,868 EFT OR CHECK      
Student loan Repayment Programs and Forgiven Loans Middle East and North Africa 1 24,382 EFT OR CHECK      
Student loan Repayment Programs and Forgiven Loans North America (Canada & Mexico only) 14 176,608 EFT OR CHECK      
Student loan Repayment Programs and Forgiven Loans South America 10 41,468 EFT OR CHECK      
Student loan Repayment Programs and Forgiven Loans South Asia 38 133,703 EFT OR CHECK      
Student loan Repayment Programs and Forgiven Loans Sub-Saharan Africa 9 61,966 EFT OR CHECK      
Student Prizes and Awards Central America and the Caribbean 8 33,417 EFT OR CHECK      
Student Prizes and Awards East Asia and the Pacific 108 422,447 EFT OR CHECK      
Student Prizes and Awards Europe (Including Iceland and Greenland) 318 1,253,737 EFT OR CHECK      
Student Prizes and Awards Middle East and North Africa 28 142,786 EFT OR CHECK      
Student Prizes and Awards North America (Canada & Mexico only) 69 188,278 EFT OR CHECK      
Student Prizes and Awards Russia and Neighboring States 13 75,565 EFT OR CHECK      
Student Prizes and Awards South America 67 443,987 EFT OR CHECK      
Student Prizes and Awards South Asia 68 337,844 EFT OR CHECK      
Student Prizes and Awards Sub-Saharan Africa 111 701,048 EFT OR CHECK      
Training Grant Europe (Including Iceland and Greenland) 2 8,154 EFT OR CHECK      
Training Grant Middle East and North Africa 1 8,795 EFT OR CHECK      
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY DULY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS AND STUDENT LOANS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES. IN ADDITION, HARVARD UNIVERSITY IS RESPONSIBLE FOR THE PROGRAMMATIC AND FINANCIAL MONITORING OF ITS SPONSORED RESEARCH AWARD SUBRECIPIENTS. PRINCIPAL INVESTIGATORS AND PROJECT STAFF PERFORM ONGOING REVIEWS OF PROJECT ACTIVITIES. IN ADDITION, ON AN ANNUAL BASIS, UNIVERSITY RESEARCH ADMINISTRATORS REVIEW ALL ACTIVE SUBCONTRACTS AND INQUIRE FURTHER INTO THOSE THAT ARE DEEMED TO REQUIRE CLOSER SCRUTINY IN LIGHT OF A VARIETY OF ATTRIBUTES. UPON IDENTIFICATION OF SUBRECIPIENTS THAT MANDATE CLOSER SCRUTINY, HARVARD IMPLEMENTS ADDITIONAL MONITORING ACTIONS TO ENSURE COMPLIANCE WITH SUBAGREEMENT PERFORMANCE, FINANCIAL TERMS AND CONDITIONS, AND WITH ALL APPLICABLE FEDERAL RULES AND REGULATIONS.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part III Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN -Accrual EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual RUSSIA AND NEIGHBORING STATES -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1



SCHEDULE G (Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrowAttach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.


(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
 
BCG CONNECT CREATIVE DIRECT MARKETING
755 MIDDLESEX TURNPIKE
 
BILLERICA, MA01821 		DIRECT MAIL FUNDRAISING   No 363,027 163,048 199,979
 
THINK DESIGN DISRUPT
25 NEILLIAN CRESCENT
 
JAMAICA PLAIN, MA02130 		FUNDRAISING CONSULTING   No 0 22,000 -22,000
 
STARRS ALIGNED
151 WEBSTER STREET
 
WEST NEWTON, MA02465 		FUNDRAISING CONSULTING   No 0 12,051 -12,051
 
ELPIS ASSOCIATES
C/O HEMENWAY BARNES LLP 75 STATE ST
REET
BOSTON, MA02109 		FUNDRAISING CONSULTING   No 1,425,994 4,200 1,421,794
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow 1,789,021 201,299 1,587,722
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
MA, NY
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.




VerticalRevenue
(a) Event #1

AUTUMN DINNER
(event type) 		(b) Event #2

FRIENDS OF ARBORETUM EVENT
(event type) 		(c) Other events

1
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
272,500
7,720
13,106
293,326

2
Less: Contributions . . . .
246,510
3,390
13,106
263,006
3 Gross income (line 1 minus
line 2) . . . . . .
25,990
4,330
0
30,320



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . .        
7 Food and beverages . . . 36,063 6,124   42,187
8 Entertainment . . . .        
9 Other direct expenses . . . 136,515 2,500 1,855 140,870
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 183,057
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow -152,737
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
 
 
 
 


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
YesNo
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
YesNo
b
If "Yes," explain:
 
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
YesNo
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? . . . . . . . . . . . . . . . . .
YesNo
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.
Return Reference Explanation
Schedule G, Part I, Line 2b(iv) GROSS RECEIPTS FROM ACTIVITY THE FUNDRAISING EFFORT IS A LONG TERM EFFORT OFTEN SPANNING YEARS AND DECADES TO BRING IN ONE GIFT. THE TOTAL LISTED HERE IS FOR CASH RECEIVED IN FY25, BUT THE DONOR(S) MAY HAVE MADE THE ORIGINAL PLEDGE(S) IN PRIOR YEARS. THE PROFESSIONAL FUNDRAISING SERVICES DETAILED IN LINE 2B, ACTIVITIES 2 AND 3 ARE FOR CONSULTATION AND COMMUNICATIONS FOR GENERAL FUNDRAISING ACTIVITIES. THE SERVICES ARE NOT PROVIDED FOR A SPECIFIC EVENT OR ACTIVITY IN WHICH THERE IS A DIRECT CONNECTION BETWEEN THE FUNDRAISING ACTIVITY AND THE DONATIONS RECEIVED.
Schedule G (Form 990) (Rev. 1-2025)
Additional Data


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Schedule I
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number
04-2103580
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) MASSACHUSETTS GENERAL HOSPITAL
55 FRUIT STREET
BOSTON,MA022412621 		04-1564655 IRC 501(C)(3) 27,369,309       RSRCH & NON-SPONS. AWARD
(2) BRIGHAM AND WOMEN'S HOSPITAL INC
60 FENWOOD ROAD
BOSTON,MA02115 		04-2312909 IRC 501(C)(3) 24,690,047       RSRCH & NON-SPONS. AWARD
(3) FRONTIER SCI TECH FDN
PO BOX 983027
BOSTON,MA022983027 		16-1056814 IRC 501(C)(3) 18,744,422       RESEARCH SUB-AWARD
(4) DANA FARBER CANCER INST
450 BROOKLINE AVE
BOSTON,MA022155450 		04-2263040 IRC 501(C)(3) 18,560,703       DAF DISTR. & RSRCH AWARD
(5) CHILDREN'S HOSPITAL CORPORATION
PO BOX 414413
BOSTON,MA022414413 		04-2774441 IRC 501(C)(3) 12,177,708       RSRCH & NON-SPONS. AWARD
(6) CHILDRENS HOSPITAL PEDIATRIC ASSOC
20 OVERLAND STREET
BOSTON,MA022153336 		43-1987409 IRC 501(C)(3) 7,466,068       NON-SPONSORED AWARD
(7) ASSOC PHYS HARV MED PHYS AT BIDMC
375 LONGWOOD AVE
BOSTON,MA021155395 		32-0058309 IRC 501(C)(3) 6,846,179       NON-SPONSORED AWARD
(8) BIFROST BIOSYSTEMS INC
1310 9TH STREET
BERKELEY,CA947101503 		87-3412421   6,470,731       RESEARCH SUB-AWARD
(9) GREATER KANSAS CITY COMMUNITY FDN
PO BOX 505661
ST LOUIS,MO631505661 		43-1152398 IRC 501(C)(3) 6,151,618       DAF DISTRIBUTION
(10) BETH ISRAEL DEACONESS MEDICAL CENTER
330 BROOKLINE AVE
BOSTON,MA02215 		04-2103881 IRC 501(C)(3) 5,375,245       RSRCH & NON-SPONS. AWARD
(11) MASSACHUSETTS EYE AND EAR INFIRMARY
243 CHARLES STREET
BOSTON,MA021143096 		04-2103591 IRC 501(C)(3) 5,179,529       RSRCH & NON-SPONS. AWARD
(12) ALLEN INSTITUTE
615 WESTLAKE AVE N
SEATTLE,WA981094307 		91-2155317 IRC 501(C)(3) 5,168,359       SPONSORED RESEARCH SUB-AWARD
(13) MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVENUE
CASHIERS OFFICE NE49 3182B
CAMBRIDGE,MA02139 		04-2103594 IRC 501(C)(3) 4,945,529       SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
(14) PRINCETON UNIVERSITY
1 WASHINGTON ROAD
PRINCETON,NJ085442002 		21-0634501 IRC 501(C)(3) 4,816,975       SPONSORED RESEARCH SUB-AWARD
(15) THE BROAD INSTITUTE
320 CHARLES STREET
CAMBRIDGE,MA02141 		26-3428781 IRC 501(C)(3) 4,461,420       SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
(16) BLASTID
135 MORRISSEY BLVD
BOSTON,MA021253310 		93-4324226   3,688,122       SPONSORED RESEARCH SUB-AWARD
(17) BAYLOR COLLEGE OF MEDICINE
1100 BATES AVENUE
HOUSTON,TX770302600 		74-1613878 IRC 501(C)(3) 3,002,679       SPONSORED RESEARCH SUB-AWARD
(18) STANFORD UNIVERSITY
655 KNIGHT WAY
STANFORD,CA943047216 		94-1156365 IRC 501(C)(3) 2,945,926       SPONSORED RESEARCH SUB-AWARD
(19) NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVENUE
BOSTON,MA021155005 		04-1679980 IRC 501(C)(3) 2,835,505       CHARITABLE CONTRIBUTION & SPONSORED RESEARCH SUB-AWARD
(20) BOSTON REDEVELOPMENT AUTHORITY
43 HAWKINS STREET
BOSTON,MA02114 		GOVERNMENTAL UNIT 2,810,696       CHARITABLE CONTRIBUTION
(21) UNIVERSITY OF SOUTHERN CALIFORNIA
3616 TROUSDALE PKWY
LOS ANGELES,CA900890073 		95-1642394 IRC 501(C)(3) 2,446,470       SPONSORED RESEARCH SUB-AWARD
(22) UNIVERSITY OF MASSACHUSETTS
230 STOCKBRIDGE ROAD
AMHERST,MA010039316 		04-3167352 IRC 115 2,225,005       SPONSORED RESEARCH SUB-AWARD
(23) UNIVERSITY OF PITTSBURGH
200 LOTHROP STREET
PITTSBURGH,PA152132536 		25-0965591 IRC 501(C)(3) 2,156,151       SPONSORED RESEARCH SUB-AWARD
(24) REGENTS OF THE UNIVERSITY OF COLORADO
1775 AURORA CT
AURORA,CO800452536 		84-6000555 IRC 115 1,814,762       SPONSORED RESEARCH SUB-AWARD
(25) REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN DIEGO
9500 GILMAN DR
LA JOLLA,CA920930934 		95-6006144 IRC 115 1,693,874       SPONSORED RESEARCH SUB-AWARD
(26) TRUSTEES OF BOSTON UNIVERSITY
881 COMMONWEALTH AVENUE
BOSTON,MA022151390 		04-2103547 IRC 501(C)(3) 1,663,753       SPONSORED RESEARCH SUB-AWARD
(27) CHILDRENS ORTHOPAEDIC SURGERY FOUNDATION
300 LONGWOOD AVENUE
HU221
BOSTON,MA02115 		04-2943146 IRC 501(C)(3) 1,657,665       NON-SPONSORED AWARD
(28) ANN AND ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO
225 E CHICAGO AVE
CHICAGO,IL60611 		36-2170833 IRC 501(C)(3) 1,614,538       SPONSORED RESEARCH SUB-AWARD
(29) THE MCLEAN HOSPITAL CORPORATION
115 MILL ST
BELMONT,MA024781041 		04-2697981 IRC 501(C)(3) 1,579,106       SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
(30) REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN FRANCISCO
1855 FOLSOM ST STE 425
SAN FRANCISCO,CA941034249 		94-6036493 IRC 501(C)(3) 1,570,400       SPONSORED RESEARCH SUB-AWARD
(31) UNITED STATES BUREAU OF THE CENSUS
4600 SILVER HILL RD
WASHINGTON,DC20233 		53-0204537 GOVERNMENTAL UNIT 1,550,319       SPONSORED RESEARCH SUB-AWARD
(32) WESTAT CORPORATION
PO BOX 1004
ROCKVILLE,MD208501004 		84-0529566   1,514,217       SPONSORED RESEARCH SUB-AWARD
(33) HARVARD HILLEL
52 MOUNT AUBURN STREET
CAMBRIDGE,MA021385007 		04-2620801 IRC 501(C)(3) 1,508,915       CHARITABLE CONTRIBUTION
(34) COLUMBIA UNIVERSITY
615 W 131ST STREET
FL 3
NEW YORK,NY100277922 		13-5598093 IRC 501(C)(3) 1,473,062       SPONSORED RESEARCH SUB-AWARD
(35) JOHNS HOPKINS UNIVERSITY
3910 KESWICK ROAD
RM N4327-B
BALTIMORE,MD212112226 		52-0595110 IRC 501(C)(3) 1,467,849       SPONSORED RESEARCH SUB-AWARD
(36) RAGON INSTITUTE OF MGH MIT AND HARVARD
149 13TH STREET
CHARLESTOWN,MA02129 		04-1564655 IRC 501(C)(3) 1,402,542       SPONSORED RESEARCH SUB-AWARD
(37) WASHINGTON UNIVERSITY
6515 WYDOWN BLVD
CAMPUS BOX 1250
ST LOUIS,MO631052298 		43-0653611 IRC 501(C)(3) 1,371,210       SPONSORED RESEARCH SUB-AWARD
(38) MASS GENERAL BRIGHAM
399 REVOLUTION DRIVE 645
SOMERVILLE,MA02145 		04-3230035 IRC 501(C)(3) 1,350,238       SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
(39) REGENTS OF THE UNIVERSITY OF CALIFORNIA - LOS ANGELES
510 WESTWOOD PLZ
6522 CNSI BLDG
LOS ANGELES,CA900950001 		95-6006143 IRC 115 1,319,263       SPONSORED RESEARCH SUB-AWARD
(40) UNIVERSITY OF WASHINGTON
9750 3RD AVE NE
SUITE 400
SEATTLE,WA981152029 		91-6001537 IRC 115 1,260,979       SPONSORED RESEARCH SUB-AWARD
(41) BROWN UNIVERSITY
69 BROWN STREET
PO BOX 1997
PROVIDENCE,RI029129091 		05-0258809 IRC 501(C)(3) 1,241,427       SPONSORED RESEARCH SUB-AWARD
(42) REGENTS OF THE UNIVERSITY OF MINNESOTA
PO BOX 1450
MINNEAPOLIS,MN554855957 		41-6007513 IRC 115 1,224,393       SPONSORED RESEARCH SUB-AWARD
(43) RUTGERS BIOMEDICAL AND HEALTH SCIENCES
65 BERGEN STREET
NEWARK,NJ071073001 		22-6001086 IRC 501(C)(3) 1,169,787       SPONSORED RESEARCH SUB-AWARD
(44) UNIVERSITY OF CHICAGO
1126 EAST 59TH STREET
SS 110
CHICAGO,IL606371580 		36-2177139 IRC 501(C)(3) 1,158,145       SPONSORED RESEARCH SUB-AWARD
(45) QUERA COMPUTING INC
1284 SOLDIERS FIELD ROAD
BOSTON,MA02135 		11-7059575   1,155,109       SPONSORED RESEARCH SUB-AWARD
(46) MASSACHUSETTS EYE AND EAR ASSOCIATES INC
243 CHARLES STREET
BOSTON,MA02114 		22-2658209 IRC 501(C)(3) 1,127,486       NON-SPONSORED AWARD
(47) RAND CORPORATION
1700 MAIN STREET
PO BOX 2138
SANTA MONICA,CA904072138 		95-1958142 IRC 501(C)(3) 1,105,566       SPONSORED RESEARCH SUB-AWARD
(48) ST JUDE CHILDREN'S RESEARCH HOSPITAL
501 ST JUDE PLACE
MEMPHIS,TN381051905 		62-0646012 IRC 501(C)(3) 1,001,593       SPONSORED RESEARCH SUB-AWARD
(49) INDIANA UNIVERSITY
1024 E THIRD STREET
BLOOMINGTON,IN47405 		35-6001673 IRC 501(C)(3) 963,183       SPONSORED RESEARCH SUB-AWARD
(50) THE SPAULDING REHABILITATION HOSPITAL CORPORATION
300 FIRST AVENUE
CHARLESTOWN,MA021293109 		04-2551124 IRC 501(C)(3) 955,012       SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
(51) ABH PARTNERS LLC
1015 15TH ST NW
WASHINGTON,DC200052610 		85-2460113   936,033       SPONSORED RESEARCH SUB-AWARD
(52) MASSACHUSETTS GENERAL PHYSICIANS ORGANIZATION INC
PO BOX 3662
BOSTON,MA022413662 		04-2807148 IRC 501(C)(3) 903,124       NON-SPONSORED AWARD
(53) EMORY UNIVERSITY
PO BOX 935084
ATLANTA,GA311935084 		58-0566256 IRC 501(C)(3) 900,777       SPONSORED RESEARCH SUB-AWARD
(54) ROCKEFELLER UNIVERSITY
1230 YORK AVENUE
NEW YORK,NY100656399 		13-1624158 IRC 501(C)(3) 899,099       SPONSORED RESEARCH SUB-AWARD
(55) UNIVERSITY OF MARYLAND
OFFICE OF RESEARCH ADMIN AND ADV
3112 LEE BUILDING
COLLEGE PARK,MD20742 		52-6002033 IRC 115 883,120       SPONSORED RESEARCH SUB-AWARD
(56) ROBERT W WOODRUFF LIBRARY OF THE ATLANTA UNIVERSITY CENTER
111 JAMES P BRAWLEY DRIVE SW
ATLANTA,GA303144207 		20-0267588 IRC 501(C)(3) 881,891       CHARITABLE CONTRIBUTION
(57) SMITHSONIAN ASTROPHYSICAL OBSERVATORY
60 GARDEN STREET MS23
CAMBRIDGE,MA02138 		53-0206027 IRC 501(C)(3) 861,429       SPONSORED RESEARCH SUB-AWARD
(58) DUKE UNIVERSITY
PO BOX 602651
CHARLOTTE,NC282602651 		56-0532129 IRC 501(C)(3) 859,768       SPONSORED RESEARCH SUB-AWARD
(59) CORNELL UNIVERSITY
395 PINE TREE ROAD
SUITE 302
ITHACA,NY148502826 		15-0532082 IRC 501(C)(3) 854,418       SPONSORED RESEARCH SUB-AWARD
(60) BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS
28392 NETWORK PLACE
GRANTS AND CONTRACTS
CHICAGO,IL606731283 		37-6000511 IRC 115 836,658       SPONSORED RESEARCH SUB-AWARD
(61) CASE WESTERN RESERVE UNIVERSITY
OFFICE OF SPONSORED PROJECTS ADMIN
CLEVELAND,OH441067037 		34-1018992 IRC 501(C)(3) 832,979       SPONSORED RESEARCH SUB-AWARD
(62) REGENTS OF THE UNIVERSITY OF MICHIGAN
1600 HURON PKWY
2ND FL
ANN ARBOR,MI481092590 		38-6006309 IRC 115 818,323       SPONSORED RESEARCH SUB-AWARD
(63) UNIVERSITY OF ALABAMA AT BIRMINGHAM
1720 SECOND AVE S
BIRMINGHAM,AL352940109 		63-6005396 IRC 115 804,444       SPONSORED RESEARCH SUB-AWARD
(64) BRONX-LEBANON HOSPITAL CENTER
1276 FULTON AVE
BRONX,NY10456 		13-1974191 IRC 501(C)(3) 794,436       SPONSORED RESEARCH SUB-AWARD
(65) UNIVERSITY OF PENNSYLVANIA
3451 WALNUT STREET
FRANKLIN BLDG FL 5
PHILADELPHIA,PA191046205 		23-1352685 IRC 501(C)(3) 774,008       SPONSORED RESEARCH SUB-AWARD
(66) PIERPONT MORGAN LIBRARY
225 MADISON AVENUE
NEW YORK,NY100163405 		13-1624146 IRC 501(C)(3) 750,000       DAF DISTRIBUTION
(67) THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK
PO BOX 9
ALBANY,NY122010009 		14-1368361 IRC 501(C)(3) 747,887       SPONSORED RESEARCH SUB-AWARD
(68) BOSTON CHILDRENS HEART FOUNDATION INC
PO BOX 845628
BOSTON,MA022845628 		04-2790699 IRC 501(C)(3) 744,320       NON-SPONSORED AWARD
(69) FENOT ASSOCIATES INC
182 SYLVAN STREET
MALDEN,MA021481746 		99-2849379   735,237       SPONSORED RESEARCH SUB-AWARD
(70) FUNDACIN DE INVESTIGACIN DE DIEGO

998 MUOZ RIVERA AVE
SAN JUAN,PR00927
RQ 		66-0593863   724,405       SPONSORED RESEARCH SUB-AWARD
(71) COMMUNITY FOUNDATION FOR GREATER BUFFALO INC
726 EXCHANGE STREET
BUFFALO,NY142101469 		22-2743917 IRC 501(C)(3) 718,901       DAF DISTRIBUTION
(72) BOSTON MEDICAL CENTER
960 MASSACHUSETTS AVENUE
BOSTON,MA021182620 		04-3314093 IRC 501(C)(3) 716,661       SPONSORED RESEARCH SUB-AWARD
(73) UNIVERSITY OF FLORIDA
PO BOX 113001
GAINESVILLE,FL326113001 		59-6002052 IRC 115 698,090       SPONSORED RESEARCH SUB-AWARD
(74) HARVARD PILGRIM HEALTH CARE INSTITUTE LLC
PO BOX 3672
BOSTON,MA022413672 		94-3477531 IRC 501(C)(3) 688,541       NON-SPONSORED AWARD
(75) UNIVERSITY OF TEXAS - AUSTIN
110 INNER CAMPUS DRIVE
AUSTIN,TX787121663 		74-6000203 IRC 115 664,490       SPONSORED RESEARCH SUB-AWARD
(76) GENER8
5975 CASTLE CREEK PKWY N DR
INDIANAPOLIS,IN462502781 		38-3664122   627,075       SPONSORED RESEARCH SUB-AWARD
(77) REGENTS OF THE UNIVERSITY OF CALIFORNIA - BERKELEY
2195 HEARST AVE
RM 120
BERKELEY,CA947201111 		94-6002123 IRC 115 617,673       SPONSORED RESEARCH SUB-AWARD
(78) JOSLIN DIABETES CENTER
ONE JOSLIN PLACE
BOSTON,MA022155306 		04-2203836 IRC 501(C)(3) 582,563       SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
(79) YALE UNIVERSITY
2 WHITNEY AVENUE
SIXTH FLOOR
NEW HAVEN,CT065101220 		06-0646973 IRC 501(C)(3) 575,081       SPONSORED RESEARCH SUB-AWARD
(80) SIA PARTNERS US INC
6810 DEERPATH ROAD
ELKRIDGE,MD210756214 		74-3243189   558,298       SPONSORED RESEARCH SUB-AWARD
(81) UNIVERSITY OF MIAMI
OFFICE OF RSRCH ADMIN
PO BOX 405803
ATLANTA,GA303845803 		59-0624458 IRC 501(C)(3) 548,498       SPONSORED RESEARCH SUB-AWARD
(82) CHMC SURGICAL FOUNDATION INC
300 LONGWOOD AVENUE
BOSTON,MA02115 		04-2767602 IRC 501(C)(3) 548,308       NON-SPONSORED AWARD
(83) BOSTON PEDIATRIC NEUROSURGERY FOUNDATION
300 LONGWOOD AVENUE
HUNNEWELL 2
BOSTON,MA02115 		04-2986097 IRC 501(C)(3) 536,017       NON-SPONSORED AWARD
(84) CHILDRENS HOSPITAL RADIOLOGY FOUNDATION INC
300 LONGWOOD AVENUE
MS BCH3398
BOSTON,MA021155724 		04-3259647 IRC 501(C)(3) 534,502       NON-SPONSORED AWARD
(85) HOUSTON METHODIST RESEARCH INSTITUTE
6670 BERTNER AVENUE
HOUSTON,TX770302703 		87-0721923 IRC 501(C)(3) 533,431       SPONSORED RESEARCH SUB-AWARD
(86) UNIVERSITY OF UTAH
GRANTS AND CONTRACTS ACCOUNTING
201 SOUTH PRESIDENTS CIR ROOM 406
SALT LAKE CITY,UT841129020 		87-6000525 IRC 115 528,405       SPONSORED RESEARCH SUB-AWARD
(87) NEW YORK UNIVERSITY
105 E 17TH STREET
2ND FL
NEW YORK,NY100032170 		13-5562308 IRC 501(C)(3) 518,836       SPONSORED RESEARCH SUB-AWARD
(88) TULANE UNIVERSITY
6329 FRERET STREET
NEW ORLEANS,LA701186248 		72-0423889 IRC 501(C)(3) 504,554       SPONSORED RESEARCH SUB-AWARD
(89) CHILDRENS HOSPITAL PATHOLOGY FOUNDATION INC
300 LONGWOOD AVENUE
DEPT OF PATHOLOGY
BOSTON,MA02115 		04-3085427 IRC 501(C)(3) 501,179       NON-SPONSORED AWARD
(90) VETERANS EDUCATION AND RESEARCH ASSOCIATION OF NORTHERN NEW ENGLAND INC
PO BOX 4655
WHITE RIVER JUNCTION,VT050014655 		22-3091219 IRC 501(C)(3) 491,754       SPONSORED RESEARCH SUB-AWARD
(91) OHIO STATE UNIVERSITY
1960 KENNY ROAD
COLUMBUS,OH432101063 		31-6025986 IRC 115 466,306       SPONSORED RESEARCH SUB-AWARD
(92) TRUSTEES OF DARTMOUTH COLLEGE
11 ROPE FERRY ROAD
HANOVER,NH037551404 		02-0222111 IRC 501(C)(3) 456,661       SPONSORED RESEARCH SUB-AWARD
(93) HARVARD PILGRIM HEALTH CARE INC
PO BOX 3672
BOSTON,MA022143672 		04-2452600 IRC 501(C)(3) 430,542       SPONSORED RESEARCH SUB-AWARD
(94) UNIVERSITY OF PUERTO RICO

PO BOX 365067
SAN JUAN,PR00936
RQ 		66-0433761   417,875       SPONSORED RESEARCH SUB-AWARD
(95) PARTNERS IN HEALTH
800 BOYLSTON STREET
BOSTON,MA021998190 		04-3567502 IRC 501(C)(3) 415,639       SPONSORED RESEARCH SUB-AWARD
(96) GEORGIA INSTITUTE OF TECHNOLOGYGEORGIA TECH RESEARCH CORPORATION
PO BOX 100117
ATLANTA,GA30384 		58-6002023 IRC 501(C)(3) 415,002       SPONSORED RESEARCH SUB-AWARD
(97) CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER
3333 BURNET AVE
MLC 4900
CINCINNATI,OH452293039 		31-0833936 IRC 501(C)(3) 412,101       SPONSORED RESEARCH SUB-AWARD
(98) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
102 EMERSON DRIVE
CHAPEL HILL,NC27514 		56-6001393 IRC 501(C)(3) 404,734       SPONSORED RESEARCH SUB-AWARD
(99) OREGON HEALTH AND SCIENCE UNIVERSITY
3181 SW SAM JACKSON PARK RD
PORTLAND,OR972393011 		93-1176109 IRC 115 383,117       SPONSORED RESEARCH SUB-AWARD
(100) DEPARTMENT OF CONSERVATION AND RECREATION (DCR)
PO BOX 4062
BOSTON,MA022114062 		04-6002284 GOVERNMENTAL UNIT 365,368       CHARITABLE CONTRIBUTION
(101) ROXBURY COMMUNITY COLLEGE FOUNDATION
1234 COLUMBUS AVENUE
ROXBURY CROSSING,MA021203423 		22-2536037 IRC 501(C)(3) 350,000       CHARITABLE CONTRIBUTION
(102) PURDUE UNIVERSITY
23510 NETWORK PLACE
CHICAGO,IL606731235 		35-6002041 IRC 115 349,111       SPONSORED RESEARCH SUB-AWARD
(103) NATIONAL JEWISH HEALTH
1400 JACKSON STREET
DENVER,CO802062761 		74-2044647 IRC 501(C)(3) 344,573       SPONSORED RESEARCH SUB-AWARD
(104) NEW YORK CITY HEALTH AND HOSPITALS CORPORATIONS
50 WATER STREET FLOOR 3
BRONX,NY100046010 		13-2655001 IRC 501(C)(3) 341,834       SPONSORED RESEARCH SUB-AWARD
(105) NORTHWESTERN UNIVERSITY
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DRAWER 538
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OSP JOYCE HOUSE
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4400 UNIVERSITY DRIVE
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2 WOODWARD AVENUE
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NATL SPACE BIOMED RESEARCH INST
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(226) UNIVERSITY OF KENTUCKY
741 S LIMESTONE STREET
LEXINGTON,KY405360509 		61-6001218 IRC 115 48,167       SPONSORED RESEARCH SUB-AWARD
(227) LOUISIANA STATE UNIVERSITY
231 NICHOLSON HALL
BATON ROUGE,LA708034001 		72-6087770 IRC 115 47,908       SPONSORED RESEARCH SUB-AWARD
(228) MICHIGAN TECHNOLOGICAL UNIVERSITY
1400 TOWNSEND DRIVE
HOUGHTON,MI488242600 		38-6005955 IRC 115 47,613       SPONSORED RESEARCH SUB-AWARD
(229) COMMONSPIRIT HEALTH
198 INVERNESS DRIVE WEST
ENGLEWOOD,CO801125202 		47-0617373 IRC 501(C)(3) 47,458       SPONSORED RESEARCH SUB-AWARD
(230) BENTLEY UNIVERSITY
175 FOREST STREET
WALTHAM,MA024524713 		04-1081650 IRC 501(C)(3) 47,371       SPONSORED RESEARCH SUB-AWARD
(231) XPLOSION TECHNOLOGY CORP
1803 AMBASSADOR COURT
MISSOURI CITY,TX774593758 		82-0832569   46,656       SPONSORED RESEARCH SUB-AWARD
(232) COLLEGE OF THE HOLY CROSS
ONE COLLEGE STREET
WORCESTER,MA016102322 		04-2103558 IRC 501(C)(3) 46,336       SPONSORED RESEARCH SUB-AWARD
(233) UNIVERSITY OF SOUTH FLORIDA
4202 EAST FOWLER AVENUE ADM200
TAMPA,FL336205950 		59-3102112 IRC 115 45,910       SPONSORED RESEARCH SUB-AWARD
(234) MICHIGAN STATE UNIVERSITY
301 ADMINISTRATION BLDG
EAST LANSING,MI488241046 		38-6005984 IRC 115 45,027       SPONSORED RESEARCH SUB-AWARD
(235) PHILLIPS BROOKS HOUSE ASSOCIATION INC
1 N HARVARD YARD
CAMBRIDGE,MA021386502 		04-6046123 IRC 501(C)(3) 42,050       CHARITABLE CONTRIBUTION
(236) HOUGHTON MIFFLIN HARCOURT PUBLISHING CO
125 HIGH STREET FLOOR 9
BOSTON,MA021102704 		27-1556372   41,830       SPONSORED RESEARCH SUB-AWARD
(237) IMPACT MELANOMA INC
1 CONCORD FARMS
490 VIRGINIA ROAD
CONCORD,MA017422747 		04-3478266 IRC 501(C)(3) 40,687       SPONSORED RESEARCH SUB-AWARD
(238) SILENT SPRING INSTITUTE
320 NEVADA STREET
NEWTON,MA024601435 		04-3237106 IRC 501(C)(3) 39,001       SPONSORED RESEARCH SUB-AWARD
(239) WELLESLEY COLLEGE
727 WASHINGTON STREET
WELLESLEY,MA024825742 		04-2103637 IRC 501(C)(3) 38,047       SPONSORED RESEARCH SUB-AWARD
(240) THE FORSYTH INSTITUTE
245 FIRST STREET
CAMBRIDGE,MA02142 		04-2104230 IRC 501(C)(3) 36,609       SPONSORED RESEARCH SUB-AWARD
(241) UTILE
115 KINGSTON STREET
BOSTON,MA021112132 		65-1166234   35,723       SPONSORED RESEARCH SUB-AWARD
(242) MEDICAL UNIVERSITY OF SOUTH CAROLINA
1 S PARK CIRCLE
CHARLESTON,SC294074636 		57-6007222 IRC 115 35,226       SPONSORED RESEARCH SUB-AWARD
(243) CHURCHILL SCHOOL AND CENTER
301 EAST 29TH STREET
NEW YORK,NY100168301 		13-2722983 IRC 501(C)(3) 35,000       DAF DISTRIBUTION
(244) HOWARD UNIVERSITY
2400 6TH STREET NW
WASHINGTON,DC20059 		53-0204707 IRC 501(C)(3) 34,741       SPONSORED RESEARCH SUB-AWARD
(245) AMERICAN PUBLIC HUMAN SERVICES ASSOCIATION
1300 17TH STREET NORTH SUITE 340
ARLINGTON,VA222093801 		36-2166948 IRC 501(C)(3) 34,356       SPONSORED RESEARCH SUB-AWARD
(246) BOSTON HEALTH CARE FOR THE HOMELESS PROGRAM
780 ALBANY STREET
BOSTON,MA021182524 		04-3160480 IRC 501(C)(3) 34,116       SPONSORED RESEARCH SUB-AWARD
(247) ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
ONE GUSTAVE L LEVY PLACE
PO BOX 1198
NEW YORK,NY100296574 		13-6171197 IRC 501(C)(3) 33,981       SPONSORED RESEARCH SUB-AWARD
(248) KINGDOM HEALING INSTITUTE
7434 LOUIS PASTEUR DRIVE
SAN ANTONIO,TX782294587 		83-1897630   33,353       SPONSORED RESEARCH SUB-AWARD
(249) FLORIDA INTERNATIONAL UNIVERSITY
11200 SW 8TH STREET
MIAMI,FL331992516 		65-0177616 IRC 115 33,138       SPONSORED RESEARCH SUB-AWARD
(250) MAINEHEALTH MAINE MEDICAL CENTER
DEPARTMENT OF MEDICINE
22 BRAMHALL STREET
PORTLAND,ME041023175 		01-0238552 IRC 501(C)(3) 32,925       SPONSORED RESEARCH SUB-AWARD
(251) BUNKER HILL COMMUNITY COLLEGE
250 NEW RUTHERFORD AVE
BOSTON,MA021290000 		22-3009648 IRC 115 32,430       SPONSORED RESEARCH SUB-AWARD
(252) TEXAS A AND M UNIVERSITY SYSTEM HEALTH SCIENCE CENTER
400 HARVEY MITCHELL PKWY
COLLEGE STATION,TX778454375 		74-2907553 IRC 115 32,089       SPONSORED RESEARCH SUB-AWARD
(253) THE LEARNING CENTER FOR THE DEAF INC
848 CENTRAL ST
FRAMINGHAM,MA01701 		23-7064431 IRC 501(C)(3) 31,667       SPONSORED RESEARCH SUB-AWARD
(254) RHODE ISLAND HOSPITAL
OFFICE OF RSRCH ADMIN
167 POINT STREET
PROVIDENCE,RI029034771 		05-0258954 IRC 501(C)(3) 31,462       SPONSORED RESEARCH SUB-AWARD
(255) CAMBRIDGE CHAMBER OF COMMERCE
90 BINNEY STREET
CAMBRIDGE,MA02142 		04-1144780 IRC 501(C)(6) 31,150       CHARITABLE CONTRIBUTION
(256) FAIRVIEW HEALTH SERVICES
1801 PARKVIEW DRIVE
SHOREVIEW,MN551265030 		41-0991680 IRC 501(C)(3) 30,624       SPONSORED RESEARCH SUB-AWARD
(257) SAINT LOUIS UNIVERSITY
CONTROLLERS OFFICE
3545 LAFAYETTE AVE
ST LOUIS,MO631041314 		43-0654872 IRC 501(C)(3) 30,207       SPONSORED RESEARCH SUB-AWARD
(258) ELLISON LABORATORIES
864 WESTERN AVENUE
GLEN ELLYN,IL601373796 		45-5389431   29,734       SPONSORED RESEARCH SUB-AWARD
(259) KESSLER FOUNDATION
120 EAGLE ROCK AVENUE
EAST HANOVER,NJ079363147 		31-1562134 IRC 501(C)(3) 28,859       SPONSORED RESEARCH SUB-AWARD
(260) SHIRLEY RYAN ABILITYLAB
355 E EERIE STREET
CHICAGO,IL606113167 		36-2256036 IRC 501(C)(3) 27,721       SPONSORED RESEARCH SUB-AWARD
(261) MASSACHUSETTS COLLEGE OF PHARMACY AND HEALTH SCIENCES
179 LONGWOOD AVENUE
BOSTON,MA02115 		04-2104700 IRC 501(C)(3) 27,019       SPONSORED RESEARCH SUB-AWARD
(262) PENNINGTON BIOMEDICAL RESEARCH CENTER
6400 PERKINS ROAD
BATON ROUGE,LA708084124 		58-1767810 IRC 501(C)(3) 26,440       SPONSORED RESEARCH SUB-AWARD
(263) UNIVERSITY OF VERMONT
SPONSORED PROJECT ADMINISTRATION
217 WATERMAN BLDG
BURLINGTON,VT054051704 		03-0179440 IRC 115 25,081       SPONSORED RESEARCH SUB-AWARD
(264) CAMBRIDGE HISTORICAL SOCIETY
159 BRATTLE STREET
CAMBRIDGE,MA021383303 		04-6032737 IRC 501(C)(3) 25,000       NON-SPONSORED AWARD
(265) CHAPIN SCHOOL LTD
100 E END AVENUE
NEW YORK,NY100287403 		13-1635257 IRC 501(C)(3) 25,000       DAF DISTRIBUTION
(266) CITY OF BOSTON
1 CITY HALL SQUARE
ROOM 805
BOSTON,MA022011020 		GOVERNMENTAL UNIT 25,000       CHARITABLE CONTRIBUTION
(267) FOOD FOR FREE COMMITTEE INC
11 INMAN ST
CAMBRIDGE,MA02139 		22-2561771 IRC 501(C)(3) 25,000       CHARITABLE CONTRIBUTION
(268) RESIDENT SERVICES EMPOWERMENT INC
362 GREEN STREET
CAMBRIDGE,MA021393309 		83-2304984 IRC 501(C)(3) 25,000       CHARITABLE CONTRIBUTION
(269) SAVING OUR DAUGHTERS AND SONS LIFE
2725 GARFIELD AVENUE
KANSAS CITY,MO641091349 		47-5321780 IRC 501(C)(3) 25,000       NON-SPONSORED AWARD
(270) TIPPING POINT COMMUNITY
220 MONTGOMERY STREET 850
SAN FRANCISCO,CA941043452 		20-2121739 IRC 501(C)(3) 25,000       DAF DISTRIBUTION
(271) HEBREW REHABILITATION CENTER FOR AGED
1200 CENTRE ST
BOSTON,MA021311097 		04-2104298 IRC 501(C)(3) 24,223       SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
(272) ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORP
640 WASHINGTON STREET
SUITE 202/201
BRIGHTON,MA021351648 		04-2716278 IRC 501(C)(3) 23,000       CHARITABLE CONTRIBUTION
(273) MERRIMACK COLLEGE
315 TURNPIKE STREET
NORTH ANDOVER,MA018455806 		04-2103731 IRC 501(C)(3) 22,766       SPONSORED RESEARCH SUB-AWARD
(274) YMCA OF GREATER BOSTON
615 WASHINGTON STREET
OAK SQUARE BRANCH
BRIGHTON,MA021352547 		04-2103551 IRC 501(C)(3) 22,500       CHARITABLE CONTRIBUTION
(275) SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION
5250 CAMPANILE DRIVE
SAN DIEGO,CA92182 		95-6042721 IRC 501(C)(3) 21,640       SPONSORED RESEARCH SUB-AWARD
(276) WEST END HOUSE INC
105 ALLSTON ST
ALLSTON,MA021345005 		04-2105825 IRC 501(C)(3) 21,500       CHARITABLE CONTRIBUTION
(277) REGENTS OF THE UNIVERSITY OF CALIFORNIA - RIVERSIDE
900 UNIVERSITY AVE
RIVERSIDE,CA92521 		95-6006142 IRC 115 20,025       SPONSORED RESEARCH SUB-AWARD
(278) CARE USA
PO BOX 1870
GIFT CENTER
MERRIFIELD,VA221168070 		13-1685039 IRC 501(C)(3) 20,000       DAF DISTRIBUTION
(279) FAMILY NURTURING CENTER OF MASSACHUSETTS INC
200 BOWDOIN STREET
DORCHESTER,MA021213402 		31-1626186 IRC 501(C)(3) 20,000       CHARITABLE CONTRIBUTION
(280) FRIENDS OF THE WORLD FOOD PROGRAM INC
PO BOX 96316
WORLD FOOD PROGRAM USA
WASHINGTON,DC200906316 		13-3843435 IRC 501(C)(3) 20,000       DAF DISTRIBUTION
(281) HASET A NONPROFIT CORPORATION
35 WEBSTER AVENUE
CAMBRIDGE,MA021411931 		88-1720554 IRC 501(C)(3) 19,016       SPONSORED RESEARCH SUB-AWARD
(282) WAKE FOREST UNIVERSITY
PO BOX 7201
WINSTONSALEM,NC27106 		56-0532138 IRC 501(C)(3) 18,631       SPONSORED RESEARCH SUB-AWARD
(283) UNIVERSITY OF MASSACHUSETTS FOUNDATION INC
100 CARLSON AVENUE BUILDING 12
NEWTON,MA02459 		04-6013152 IRC 501(C)(3) 18,580       NON-SPONSORED AWARD
(284) CAMBRIDGE COMMUNITY CENTER INC
5 CALLENDER STREET
CAMBRIDGE,MA02139 		04-2477881 IRC 501(C)(3) 18,018       CHARITABLE CONTRIBUTION
(285) SAN DIEGO STATE UNIVERSITY
5250 CAMPANILE DRIVE
SAN DIEGO,CA921821948 		33-0373293 IRC 115 17,768       SPONSORED RESEARCH SUB-AWARD
(286) CARNEGIE MELLON UNIVERSITY
PO BOX 371032
PITTSBURGH,PA152507032 		25-0969449 IRC 501(C)(3) 17,431       SPONSORED RESEARCH SUB-AWARD
(287) ALLSTON BRIGHTON YOUTH HOCKEY LEAGUE
11 MARGO ROAD
BRIGHTON,MA021353024 		56-2520031 IRC 501(C)(3) 17,000       CHARITABLE CONTRIBUTION
(288) CATHEDRAL SCHOOL FOR BOYS
1275 SACRAMENTO STREET
SAN FRANCISCO,CA941081910 		94-1156840 IRC 501(C)(3) 17,000       DAF DISTRIBUTION
(289) INDIANA UNIVERSITY FOUNDATION
PO BOX 6460
INDIANAPOLIS,IN462066460 		35-6018940 IRC 501(C)(3) 16,358       DAF DISTRIBUTION
(290) BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION INC
PO BOX 190886
ROXBURY,MA021190018 		22-2514422 IRC 501(C)(3) 16,120       CHARITABLE CONTRIBUTION
(291) ALLSTON VILLAGE MAIN STREETS
161 HARVARD AVENUE STE 11
ALLSTON,MA021342702 		04-3340511 IRC 501(C)(3) 16,000       CHARITABLE CONTRIBUTION
(292) GALLAUDET UNIVERSITY
PO BOX 825755
PHILIDELPHIA,PA191825755 		53-0199507 IRC 501(C)(3) 15,975       SPONSORED RESEARCH SUB-AWARD
(293) KLEIN BUENDEL INC
1667 COLE BLVD
GOLDEN,CO802073313 		84-1612798   15,136       SPONSORED RESEARCH SUB-AWARD
(294) BRAZILIAN WOMENS GROUP
697 CAMBRIDGE STREET
SUITE 106
BRIGHTON,MA021352897 		04-3549382 IRC 501(C)(3) 15,000       CHARITABLE CONTRIBUTION
(295) MARYMOUNT SCHOOL OF NEW YORK
1026 5TH AVENUE
NEW YORK,NY100280106 		13-1632500 IRC 501(C)(3) 15,000       DAF DISTRIBUTION
(296) LOUISIANA PUBLIC HEALTH INSTITUTE
1515 POYDRAS STREET
NEW ORLEANS,LA70112 		72-1379921 IRC 501(C)(3) 14,528       SPONSORED RESEARCH SUB-AWARD
(297) HUNTER COLLEGE
695 PARK AVENUE
NEW YORK,NY10065 		13-1988190 IRC 115 14,447       SPONSORED RESEARCH SUB-AWARD
(298) TUFTS UNIVERSITY
136 HARRISON AVENUE
BOSTON,MA021111817 		04-2103634 IRC 501(C)(3) 13,887       SPONSORED RESEARCH SUB-AWARD
(299) CRIMSON KEY SOCIETY
59 SHEPARD STREET
BOX 34
CAMBRIDGE,MA02138 		04-3041357   13,750       CHARITABLE CONTRIBUTION
(300) UNIVERSITY OF NEW ENGLAND
11 HILLS BEACH RD
BIDDEFORD,ME040059599 		01-0211810 IRC 501(C)(3) 13,582       SPONSORED RESEARCH SUB-AWARD
(301) UNIVERSITY OF SOUTH CAROLINA
1600 HAMPTON STREET
COLUMBIA,SC292083403 		57-6001153 IRC 115 13,219       SPONSORED RESEARCH SUB-AWARD
(302) HEBREW SENIORLIFE
1200 CENTRE ST
ROSLINDALE,MA021311011 		90-0183119 IRC 501(C)(3) 13,194       SPONSORED RESEARCH SUB-AWARD
(303) BOSTON MUNICIPAL RESEARCH BUREAU
333 WASHINGTON ST
SUITE 854
BOSTON,MA021085105 		22-2673755 IRC 501(C)(3) 13,000       CHARITABLE CONTRIBUTION
(304) GRAND CANYON TRUST
PO BOX 1236
FLAGSTAFF,AZ86001 		86-0512633 IRC 501(C)(3) 13,000       DAF DISTRIBUTION
(305) SALEM STATE UNIVERSITY
352 LAFAYETTE STREET
SALEM,MA019705348 		04-2325342 IRC 115 12,853       SPONSORED RESEARCH SUB-AWARD
(306) CAMBRIDGE MEDICAL CARE FDN
1493 CAMBRIDGE ST
DEPT OF MEDICINE
CAMBRIDGE,MA021391047 		04-2752962 IRC 501(C)(3) 12,750       NON-SPONSORED AWARD
(307) LOUIS D BROWN PEACE INSTITUTE
15 CHRISTOPHER STREET
DORCHESTER,MA021221218 		26-3068254 IRC 501(C)(3) 12,500       CHARITABLE CONTRIBUTION
(308) MASS AFFORDABLE HOUSING ALLIANCE INC
1803 DORCHESTER AVENUE
DORCHESTER,MA021242530 		22-3042637 IRC 501(C)(3) 12,500       NON-SPONSORED AWARD
(309) CHILDREN'S HOSPITAL OF ALABAMA
1600 7TH AVENUE SOUTH
BIRMINGHAM,AL35233 		63-0307306 IRC 501(C)(3) 12,161       SPONSORED RESEARCH SUB-AWARD
(310) ATLANTA MASJID COMMUNITY FOUNDATION
540 FAYETTEVILLE RD
ATLANTA,GA303162306 		93-4246060 IRC 501(C)(3) 12,000       SPONSORED RESEARCH SUB-AWARD
(311) ST JAMES CHURCH
865 MADISON AVE
NEW YORK,NY100214103 		13-5600388 IRC 501(C)(3) 11,500       DAF DISTRIBUTION
(312) JACK MILLER CENTER FOR TEACHING AMERICA'S FOUNDING PRINCIPLES AND HISTORY
3 BALA PLZ STE 401
BALA CYNWYD,PA190043408 		26-1147689 IRC 501(C)(3) 11,123       SPONSORED RESEARCH SUB-AWARD
(313) ALLSTON BRIGHTON LITTLE LEAGUE INC
PO BOX 35498
BRIGHTON,MA02135 		04-3178969   11,000       CHARITABLE CONTRIBUTION
(314) FISHING ACADEMY INC
16 ADAIR ROAD
BRIGHTON,MA021351728 		55-0861478 IRC 501(C)(3) 11,000       CHARITABLE CONTRIBUTION
(315) THE UNIVERSITY OF MEMPHIS
276 ADMINISTRATION BLDG
MEMPHIS,TN381520001 		62-0648618 IRC 115 10,500       SPONSORED RESEARCH SUB-AWARD
(316) BOSTON POLICE DEPARTMENT
36 TURNER STREET
BRIGHTON,MA021352507 		GOVERNMENTAL UNIT 10,000       CHARITABLE CONTRIBUTION
(317) CAMBRIDGE COMMUNITY FOUNDATION
99 BISHOP ALLEN DRIVE
CAMBRIDGE,MA02139 		04-6012492 IRC 501(C)(3) 10,000       CHARITABLE CONTRIBUTION
(318) GREENHILL SCHOOL
4141 SPRING VALLEY ROAD
ADDISON,TX750013615 		75-1022742 IRC 501(C)(3) 10,000       DAF DISTRIBUTION
(319) NAACP
PO BOX 380660
CAMBRIDGE,MA022387122 		13-1084135 IRC 501(C)(3) 10,000       CHARITABLE CONTRIBUTION
(320) PARISH EPISCOPAL SCHOOL
4101 SIGMA ROAD
DALLAS,TX752444439 		75-1390485 IRC 501(C)(3) 10,000       DAF DISTRIBUTION
(321) RHODE ISLAND SCHOOL OF DESIGN
20 WASHINGTON PLACE
DIVISION OF INSTITUTIONAL ADV
PROVIDENCE,RI029031358 		05-0258956 IRC 501(C)(3) 10,000       DAF DISTRIBUTION
(322) SS COSMAS AND DAMIAN SOCIETY
17 PORTER STREET
CAMBRIDGE,MA02141 		04-3583603 IRC 501(C)(3) 10,000       CHARITABLE CONTRIBUTION
(323) WEST END HOUSE CAMP INC
1133 CHOCORUA ROAD
UNIT 13
TAMWORTH,NH038865025 		04-2113272 IRC 501(C)(3) 10,000       CHARITABLE CONTRIBUTION
(324) GREATER BOSTON CHAMBER OF COMMERCE
265 FRANKLIN ST
12TH FLOOR
BOSTON,MA021103113 		04-1103090 IRC 501(C)(6) 9,650       CHARITABLE CONTRIBUTION
(325) COMMUNITY OVERCOMING RELATIONSHIP ABUSE
2211 PALM AVENUE
SAN MATEO,CA94403 		94-2481188 IRC 501(C)(3) 9,000       DAF DISTRIBUTION
(326) H LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE HOSPITAL
PO BOX 742801
ATLANTA,GA303742801 		59-2451713 IRC 501(C)(3) 8,581       SPONSORED RESEARCH SUB-AWARD
(327) ACTION FOR BOSTON COMMUNITY DEVELOPMENT INC
178 TREMONT ST
BOSTON,MA021111006 		04-2304133 IRC 501(C)(3) 8,500       CHARITABLE CONTRIBUTION
(328) TIDES CENTER
PO BOX 889385
LOS ANGELES,CA900889385 		94-3213100 IRC 501(C)(3) 8,333       SPONSORED RESEARCH SUB-AWARD
(329) DEPRESSION AND BIPOLAR SUPPORT ALLIANCE
55 E JACKSON BLVD
CHICAGO,IL606044110 		36-3379124 IRC 501(C)(3) 8,330       SPONSORED RESEARCH SUB-AWARD
(330) OLD DOMINION UNIVERSITY RESEARCH FOUNDATION
PO BOX 6369
NORFOLK,VA235080369 		54-6068198 IRC 501(C)(3) 8,100       SPONSORED RESEARCH SUB-AWARD
(331) BOSTON STRING ACADEMY
PO BOX 171035
BOSTON,MA021171265 		46-1423890 IRC 501(C)(3) 7,500       CHARITABLE CONTRIBUTION
(332) CHARLES RIVER CONSERVANCY
43 THORNDIKE STREET
S3-3
CAMBRIDGE,MA021411764 		04-3503656 IRC 501(C)(3) 7,500       CHARITABLE CONTRIBUTION
(333) IMPACT MOVEMENT
PO BOX 162709
ATLANTA,GA303212709 		81-0596936 IRC 501(C)(3) 7,500       CHARITABLE CONTRIBUTION
(334) MISSION HILL MAIN STREETS INC
1542 TREMONT STREET
BOSTON,MA021202929 		04-3400164 IRC 501(C)(3) 7,500       CHARITABLE CONTRIBUTION
(335) THE OCS PROJECT LLC
2104 CLEARFIELD SPRINGS CT
PEARLAND,TX775812286 		85-2217782   7,500       SPONSORED RESEARCH SUB-AWARD
(336) NEW AMERICA FOUNDATION
740 15TH STREET NW
WASHINGTON,DC200051013 		52-2096845 IRC 501(C)(3) 7,382       SPONSORED RESEARCH SUB-AWARD
(337) GRAPEVINE RELIEF AND COMMUNITY EXCHANGE
PO BOX 412
GRAPEVINE,TX760990412 		75-2195702 IRC 501(C)(3) 7,200       DAF DISTRIBUTION
(338) TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
2929 WALNUT STREET
FMC TOWER
PHILADELPHIA,PA191046360 		23-1352685 IRC 501(C)(3) 7,200       DAF DISTRIBUTION
(339) BOSTON PUBLIC SCHOOLS
1216 DORCHESTER AVENUE
DORCHESTER,MA021251504 		04-6001380 GOVERNMENTAL UNIT 7,189       CHARITABLE CONTRIBUTION
(340) BLACK RELIGIOUS SCHOLARS GROUP INC
4117 HILLSBORO PIKE
NASHVILLE,TN372152728 		26-3580403 IRC 501(C)(3) 7,000       CHARITABLE CONTRIBUTION
(341) CAMBRIDGE JAZZ FOUNDATION INC
372 BROADWAY 1
CAMBRIDGE,MA021391717 		47-1480093 IRC 501(C)(3) 7,000       CHARITABLE CONTRIBUTION
(342) GEORGE FOX UNIVERSITY
414 N MERIDIAN STREET
NEWBERG,OR971322697 		93-0386839 IRC 501(C)(3) 6,930       SPONSORED RESEARCH SUB-AWARD
(343) METROPORT MEALS ON WHEELS
PO BOX 204
ROANOKE,TX762620204 		75-2298847 IRC 501(C)(3) 6,652       DAF DISTRIBUTION
(344) BOSTON MINSTREL COMPANY CHARITABLE TRUST
102 LITCHFIELD STREET
BRIGHTON,MA02135 		04-6922870 IRC 501(C)(3) 6,500       CHARITABLE CONTRIBUTION
(345) MASSACHUSETTS NONPROFIT NETWORK
TWO ATLANTIC AVENUE FIRST FLOOR
BOSTON,MA021103976 		26-0169529 IRC 501(C)(3) 6,000       CHARITABLE CONTRIBUTION
(346) RADCLIFFE CLUB OF SAN FRANCISCO
108 POPPY CT
WALNUT CREEK,CA945965852 		94-2600131 IRC 501(C)(3) 6,000       CHARITABLE CONTRIBUTION
(347) BOSTON SYMPHONY ORCHESTRA INC
301 MASSACHUSETTS AVENUE
BOSTON,MA02115 		04-2103550 IRC 501(C)(3) 5,546       DAF DISTRIBUTION
(348) MEALS ON WHEELS OF SAN FRANCISCO INC
2142 JERROLD AVE
SAN FRANCISCO,CA941241010 		94-1741155 IRC 501(C)(3) 5,500       DAF DISTRIBUTION
(349) ON THE RISE INC
341 BROADWAY
CAMBRIDGE,MA021391803 		04-3290689 IRC 501(C)(3) 5,500       CHARITABLE CONTRIBUTION
(350) BIOREALM LLC
19330 RIM OF THE WORLD DR
MONUMENT,CO801329436 		20-3755460   5,400       SPONSORED RESEARCH SUB-AWARD
(351) RADIATION AND PUBLIC HEALTH PROJECT
PO BOX 1260
OCEAN CITY,NJ08226 		13-3781719 IRC 501(C)(3) 5,145       SPONSORED RESEARCH SUB-AWARD
(352) MOUNT HOLYOKE COLLEGE
50 COLLEGE STREET
HOLYOKE,MA01075 		04-2103578 IRC 501(C)(3) 5,002       SPONSORED RESEARCH SUB-AWARD
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
319
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
33
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) Rev. 1-2025

Schedule I (Form 990) Rev. 1-2025
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) GRADUATE TUITION & FEES GRANTS 9956 282,901,858      
(2) UNDERGRAD. TUITION, FEES, & STIP. GRANTS 4340 262,694,510      
(3) GRADUATE STUDENT STIPEND GRANTS 7969 127,579,970      
(4) OTHER STUDENT GRANTS, PRIZES & AWARDS 6470 36,896,098      
(5) STIPENDS - POST-DOC. STUDENTS & FELLOWS 482 33,930,858      
(6) GRANTS & AWARDS TO NON-HARVARD INDIV. 1513 11,340,576      
(7) STUDENT LOAN REPAYMENT PROGRAMS & FORGIVEN LOANS 651 9,980,568      
(8) OTHER UNDERGRADUATE GRANTS, PRIZES & AWARDS 1381 9,088,872      
(9) TRAINING GRANTS 2 105,567      
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
Schedule I, Part II Grants and Other Assistance to Domestic Organizations and Domestic Governments PER SCHEDULE I INSTRUCTIONS, THE UNIVERSITY HAS INCLUDED DONATIONS FROM DONOR ADVISED FUNDS (DAF) THAT EXCEEDED THE MINIMUM REPORTING THRESHOLD. IN TOTAL, THE UNIVERSITY REPORTED 29 IRC 501(C)(3) CHARITABLE ORGANIZATIONS THAT RECEIVED DONATIONS FROM HARVARD UNIVERSITY THROUGH THESE DAF. AS WITH ANY DAF, DISTRIBUTIONS MADE FROM THE FUND ARE TYPICALLY MADE AT THE RECOMMENDATION OF THE DONOR ADVISOR AND MUST BE MADE TO AN IRC 501(C)(3) CHARITABLE ORGANIZATION.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS AND STUDENT LOANS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES. IN ADDITION, HARVARD UNIVERSITY IS RESPONSIBLE FOR THE PROGRAMMATIC AND FINANCIAL MONITORING OF ITS SPONSORED RESEARCH AWARD SUBRECIPIENTS. PRINCIPAL INVESTIGATORS AND PROJECT STAFF PERFORM ONGOING REVIEWS OF PROJECT ACTIVITIES. IN ADDITION, ON AN ANNUAL BASIS, UNIVERSITY RESEARCH ADMINISTRATORS REVIEW ALL ACTIVE SUB-AWARDS AND INQUIRE FURTHER INTO THOSE THAT ARE DEEMED TO REQUIRE CLOSER SCRUTINY IN LIGHT OF A VARIETY OF ATTRIBUTES. UPON IDENTIFICATION OF SUBRECIPIENTS THAT MANDATE CLOSER SCRUTINY, HARVARD IMPLEMENTS ADDITIONAL MONITORING ACTIONS TO ENSURE COMPLIANCE WITH SUB-AWARD PERFORMANCE, FINANCIAL TERMS AND CONDITIONS, AND WITH ALL APPLICABLE FEDERAL RULES AND REGULATIONS.
Schedule I (Form 990) Rev. 1-2025



Additional Data


Software ID: 24020961
Software Version: 2024v5.1


Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1ALAN M GARBER
SEE SCHEDULE O 		(i)

(ii)		 1,385,981
-------------
0 		0
-------------
0 		5,467
-------------
0 		43,320
-------------
0 		208,070
-------------
0 		1,642,838
-------------
0 		0
-------------
0
2DIANE LOPEZ
SEE SCHEDULE O 		(i)

(ii)		 149,471
-------------
0 		195,000
-------------
0 		196,058
-------------
0 		45,096
-------------
0 		2,695
-------------
0 		588,320
-------------
0 		0
-------------
0
3JOHN MANNING
SEE SCHEDULE O 		(i)

(ii)		 865,756
-------------
0 		35,000
-------------
0 		85,126
-------------
0 		43,320
-------------
0 		32,777
-------------
0 		1,061,979
-------------
0 		0
-------------
0
4BRIAN LEE
V.P. FOR ALUMNI AFFAIRS AND DEVELOPMENT UNTIL 04/16/25 		(i)

(ii)		 773,928
-------------
0 		35,000
-------------
0 		110,311
-------------
0 		43,320
-------------
0 		33,564
-------------
0 		996,123
-------------
0 		0
-------------
0
5MEREDITH WEENICK
EXECUTIVE VICE PRESIDENT 		(i)

(ii)		 755,443
-------------
0 		45,000
-------------
0 		24,764
-------------
0 		43,320
-------------
0 		14,303
-------------
0 		882,830
-------------
0 		0
-------------
0
6RITU KALRA
V.P. FOR FINANCE AND C.F.O. 		(i)

(ii)		 607,946
-------------
0 		15,000
-------------
0 		23,750
-------------
0 		43,320
-------------
0 		31,055
-------------
0 		721,071
-------------
0 		0
-------------
0
7MARGARET NEWELL
V.P. AND DEPUTY TO THE PRESIDENT 		(i)

(ii)		 574,522
-------------
0 		35,000
-------------
0 		26,741
-------------
0 		43,320
-------------
0 		13,857
-------------
0 		693,440
-------------
0 		0
-------------
0
8PAUL ANDREW
V.P. FOR PUBLIC AFFAIRS AND COMMUNICATIONS 		(i)

(ii)		 569,779
-------------
0 		40,000
-------------
0 		667
-------------
0 		43,320
-------------
0 		37,124
-------------
0 		690,890
-------------
0 		0
-------------
0
9MARC L GOODHEART
SEE SCHEDULE O 		(i)

(ii)		 522,239
-------------
0 		30,000
-------------
0 		24,809
-------------
0 		52,047
-------------
0 		31,753
-------------
0 		660,848
-------------
0 		0
-------------
0
10KLARA JELINKOVA
V.P. AND CHIEF INFORMATION OFFICER 		(i)

(ii)		 509,683
-------------
0 		15,000
-------------
0 		23,613
-------------
0 		43,320
-------------
0 		30,819
-------------
0 		622,435
-------------
0 		0
-------------
0
11MANUEL CUEVAS-TRISAN
V.P. FOR HUMAN RESOURCES 		(i)

(ii)		 466,480
-------------
0 		45,000
-------------
0 		24,047
-------------
0 		43,320
-------------
0 		37,684
-------------
0 		616,531
-------------
0 		0
-------------
0
12SEAN CARON
V.P. FOR CAMPUS SERVICES 		(i)

(ii)		 469,941
-------------
0 		20,000
-------------
0 		229
-------------
0 		43,320
-------------
0 		32,375
-------------
0 		565,865
-------------
0 		0
-------------
0
13JENNIFER O'CONNOR
V.P. AND GENERAL COUNSEL AS OF 07/29/24 		(i)

(ii)		 307,562
-------------
0 		100,000
-------------
0 		81,778
-------------
0 		39,123
-------------
0 		8,241
-------------
0 		536,704
-------------
0 		0
-------------
0
14MARTHA WHITEHEAD
V.P. FOR THE HARVARD LIBRARY 		(i)

(ii)		 400,364
-------------
0 		20,000
-------------
0 		25,523
-------------
0 		43,320
-------------
0 		25,845
-------------
0 		515,052
-------------
0 		0
-------------
0
15NITIN NOHRIA
SEE SCHEDULE O 		(i)

(ii)		 516,287
-------------
0 		0
-------------
0 		64,352
-------------
0 		43,320
-------------
0 		28,493
-------------
0 		652,452
-------------
0 		0
-------------
0
16SRIKANT M DATAR
DEAN, FACULTY OF BUSINESS 		(i)

(ii)		 869,610
-------------
0 		30,000
-------------
0 		11,452
-------------
0 		43,320
-------------
0 		159,645
-------------
0 		1,114,027
-------------
0 		0
-------------
0
17GEORGE Q DALEY
DEAN, FACULTY OF MEDICINE 		(i)

(ii)		 953,430
-------------
0 		30,000
-------------
0 		26,460
-------------
0 		43,320
-------------
0 		648
-------------
0 		1,053,858
-------------
0 		0
-------------
0
18HOPI HOEKSTRA
DEAN, FACULTY OF ARTS & SCIENCES 		(i)

(ii)		 647,427
-------------
0 		30,000
-------------
0 		14,174
-------------
0 		43,320
-------------
0 		227,640
-------------
0 		962,561
-------------
0 		0
-------------
0
19LAWRENCE S BACOW
SEE SCHEDULE O 		(i)

(ii)		 692,727
-------------
0 		0
-------------
0 		16,201
-------------
0 		43,320
-------------
0 		14,260
-------------
0 		766,508
-------------
0 		0
-------------
0
20ROBIN J ELY
FACULTY 		(i)

(ii)		 446,550
-------------
31,500 		20,000
-------------
0 		1,437,456
-------------
0 		43,320
-------------
0 		12,219
-------------
0 		1,959,545
-------------
31,500 		0
-------------
0
21NANCY F KOEHN
FACULTY 		(i)

(ii)		 431,904
-------------
4,500 		0
-------------
0 		1,496,359
-------------
0 		43,320
-------------
0 		13,747
-------------
0 		1,985,330
-------------
4,500 		0
-------------
0
22KATHLEEN L MCGINN
FACULTY 		(i)

(ii)		 285,024
-------------
0 		0
-------------
0 		1,598,980
-------------
0 		38,473
-------------
0 		14,072
-------------
0 		1,936,549
-------------
0 		0
-------------
0
23CLAUDINE GAY
SEE SCHEDULE O 		(i)

(ii)		 1,385,191
-------------
0 		0
-------------
0 		12,558
-------------
0 		43,320
-------------
0 		107,482
-------------
0 		1,548,551
-------------
0 		0
-------------
0
24DAVID J MALAN
FACULTY 		(i)

(ii)		 292,353
-------------
0 		0
-------------
0 		936,226
-------------
0 		43,320
-------------
0 		13,412
-------------
0 		1,285,311
-------------
0 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J, Part I, Line 1a First-class or charter travel UNIVERSITY TRAVEL POLICY PROHIBITS FIRST CLASS TRAVEL EXCEPT IN LIMITED CIRCUMSTANCES. IN ACCORDANCE WITH THIS POLICY, ONE OFFICER AND ONE KEY EMPLOYEE TRAVELED FIRST CLASS ON A SMALL NUMBER OF TRIPS DURING THE YEAR. TRAVEL EXPENSES ARE INCURRED FOR UNIVERSITY BUSINESS PURPOSES AND ARE THEREFORE NOT TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Travel for companions UNIVERSITY TRAVEL POLICY ALLOWS FOR REIMBURSEMENT OF TRAVEL EXPENSES INCURRED BY COMPANION TRAVELERS WHEN THE COMPANION HAS A SIGNIFICANT ROLE IN THE BUSINESS PROCEEDINGS, OR MAKES AN IMPORTANT CONTRIBUTION TO THE SUCCESS OF AN EVENT. IN ACCORDANCE WITH THIS POLICY, THE UNIVERSITY REIMBURSED ONE OFFICER FOR COMPANION TRAVEL DURING THE YEAR. IN THESE LIMITED CIRCUMSTANCES, THE REIMBURSEMENT OF COMPANION AND FAMILY MEMBER TRAVEL EXPENSES WAS A LEGITIMATE BUSINESS EXPENSE FOR THE UNIVERSITY AND THEREFORE IT WAS NOT REPORTED IN THE EMPLOYEES' TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments THE UNIVERSITY ELECTED TO MAKE GROSS-UP PAYMENTS RELATED TO BONUSES, REIMBURSEMENTS, AND IMPUTED INCOME, SUCH AS MOVING AND GIFTS. ONE OFFICER RECEIVED THIS BENEFIT PURSUANT TO UNIVERSITY INTERNAL REVIEW PROCESSES.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE UNIVERSITY PROVIDED PRESIDENT GARBER WITH A RESIDENCE IN CAMBRIDGE AND REQUIRED ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE TOTAL ESTIMATED VALUE OF THE ANNUAL PERSONAL USE OF THE RESIDENCE IS $174,820 AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. THE UNIVERSITY PROVIDED FORMER PRESIDENT GAY WITH A RESIDENCE IN CAMBRIDGE AND REQUIRED ITS USE AS A CONDITION OF EMPLOYMENT FOR THE UNIVERSITY. THE TOTAL ESTIMATED VALUE OF THE ANNUAL PERSONAL USE OF THE RESIDENCE IS $73,052 AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. PLEASE NOTE THE ESTIMATED VALUE OF PERSONAL USE IS BASED ON PARTIAL YEAR USE. DUE TO TURNOVER, FORMER PRESIDENT GAY ONLY LIVED IN THE RESIDENCE FOR THREE MONTHS. HARVARD BUSINESS SCHOOL (HBS) PROVIDED DEAN DATAR WITH A RESIDENCE IN ALLSTON AND REQUIRED ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF HBS. THE TOTAL ESTIMATED VALUE OF THE ANNUAL PERSONAL USE OF THE RESIDENCE IS $127,269 AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. THE FACULTY OF ARTS AND SCIENCES (FAS) PROVIDES DEAN HOEKSTRA WITH A RESIDENCE IN CAMBRIDGE AND REQUIRES ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF FAS. THE TOTAL ESTIMATED VALUE OF THE ANNUAL PERSONAL USE OF THE RESIDENCE IS $198,343 AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. TWO OFFICERS, ONE KEY EMPLOYEE, AND TWO HIGHEST COMPENSATED EMPLOYEES RECEIVED A HOUSING ALLOWANCE. THIS AMOUNT IS INCLUDED IN THE EMPLOYEES' TAXABLE COMPENSATION AND IS REPORTED ON SCHEDULE J, PART II, COLUMN B (III) AS OTHER REPORTABLE COMPENSATION. THE UNIVERSITY FOLLOWS WRITTEN GUIDELINES ON HOUSING ALLOWANCES, WHICH ARE OFFERED ON A LIMITED BASIS TO SENIOR FACULTY AND SENIOR ADMINISTRATORS.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees PURSUANT TO THE BUSINESS EXPENSE REIMBURSEMENT POLICY THE UNIVERSITY PAID HARVARD CLUB DUES FOR ONE KEY EMPLOYEE. THIS IS A NONTAXABLE BUSINESS EXPENSE IN FURTHERANCE OF ALUMNI RELATIONS AND DEVELOPMENT.
Schedule J, Part I, Line 1a Personal services DURING THE PERFORMANCE OF REGULAR UNIVERSITY DUTIES, A UNIVERSITY EMPLOYEE MAY, ON OCCASION, PERFORM INCIDENTAL PERSONAL SERVICES FOR THE PRESIDENT (E.G., PURCHASING OF SMALL HOUSEHOLD ITEMS, WITH THE COST OF SUCH ITEMS REIMBURSED IN FULL BY THE PRESIDENT). THE UNIVERSITY REGARDS SUCH SERVICES AS A NONTAXABLE "DE MINIMIS" FRINGE BENEFIT.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan HARVARD BUSINESS SCHOOL'S VOLUNTARY RETIREMENT INCENTIVE PLAN ALLOWS ELIGIBLE FACULTY MEMBERS TO ELECT TO RETIRE AT A SET DATE IN EXCHANGE FOR A LUMP-SUM PAYMENT. THE FACULTY MEMBER FORFEITS THE PAYMENT IF HE/SHE TERMINATES EMPLOYMENT BEFORE THE RETIREMENT DATE. THE AMOUNT FULLY VESTS AND IS DISTRIBUTED WHEN THE FACULTY MEMBER RETIRES. UNDER THIS PLAN, THREE HIGHEST COMPENSATED EMPLOYEES, PROFESSORS ROBIN ELY, NANCY KOEHN AND KATHLEEN MCGINN, RECEIVED PAYMENTS OF $1,410,300, $1,459,500 AND $1,494,900 RESPECTIVELY, WHICH HAVE BEEN REPORTED IN PART II, COLUMN B(III) OTHER REPORTABLE COMPENSATION.
Schedule J, Part I, Line 7 Non-fixed payments THE UNIVERSITY OFFERS INCENTIVE COMPENSATION FOR OUTSTANDING PERFORMANCE. BONUS AND INCENTIVE PAYMENTS FOR OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES ARE LISTED IN PART II, COLUMN (B)(II).
Schedule J, Part I, Line 3 COMPENSATION REVIEW PROCESS: SEE SCHEDULE O "COMPENSATION REVIEW PROCESS" FOR A DISCUSSION OF THE METHODS USED TO ESTABLISH THE PRESIDENT'S COMPENSATION.
Schedule J (Form 990) (Rev. 1-2025)

Additional Data


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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number
04-2103580
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 01-15-2004 103,670,000 SERIES R 1-5 (SEE PART VI)   X   X   X
B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-14-2005 13,490,000 SERIES R 6 (SEE PART VI)   X   X   X
C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-03-2006 14,040,000 SERIES R 7 (SEE PART VI)   X   X   X
D Massachusetts Development Finance Agency
  		04-3431814 57584XYD7 10-20-2016 1,930,251,069 Series 2016A (See Part VI)   X   X   X
Massachusetts Development Finance Agency
  		04-3431814 57584YZP7 04-29-2020 452,031,430 Series 2020A (See Part VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57584Y2Y4 05-17-2022 249,994,550 Series 2022B (See Part VI)   X   X   X
Massachusetts Development Finance Agency
  		04-3431814 57585BAM0 04-24-2024 855,032,898 SERIES 2024B (SEE PART VI)   X   X   X
Massachusetts Development Finance Agency
  		04-3431814 57585BGU6 03-18-2025 502,844,783 SERIES 2025A (SEE PART VI)   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 52,130,000 5,800,000 7,870,000 492,755,000
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 103,670,000 13,491,079 14,043,650 2,003,010,338
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 0 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 0 0 0 8,221,984
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 0
11 Other spent proceeds ............. 103,670,000 13,491,079 14,043,650 1,994,788,354
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2021 2023
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........ 		X   X   X     X
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........ 		  X   X   X X  
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X X  
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X   X   X X  
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?   X   X   X X  
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X   X X  
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?   X   X   X X  
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 0 % 0 % 0 % 0.15 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0 % 0 % 0 % 0.07 %
6 Total of lines 4 and 5 ............. 0 % 0 % 0 % 0.22 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X X  
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. .. 0 % 0 % 0 % 0.28 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   X   X   X X  
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........ X   X   X   X  
c No rebate due? .........   X   X   X X  
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X   X   X     X
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge ......... 0 % 0 % 0 % 0 %
d Was the hedge superintegrated? ......   X   X   X   X
e Was the hedge terminated? ........   X   X   X   X
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC ......... 0 % 0 % 0 % 0 %
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........   X   X   X   X
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
Schedule K, Part I BOND ISSUES: COLUMNS A AND B, GENERAL NOTE: THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, AND SERIES R 7. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010.
Schedule K, Part II, Line 3 PROCEEDS: GENERAL NOTE: THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 OF PART II AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS.
Schedule K, Part III PRIVATE BUSINESS USE: COLUMNS A-C (SERIES R1-5, R6, AND R7): THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2016A), COLUMN F: SERIES 2016A WAS ISSUED TO ADVANCE REFUND SERIES 2008B, ISSUED 6/10/08; AND ADVANCE REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES 2009A (1/7/09), SERIES 2010A (1/20/10), AND 2010B (11/17/10). ROW A (SERIES 2020A), COLUMN F: SERIES 2020A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/11/18, 12/19/18, 1/9/19 AND 11/19/19 FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A SCIENCE AND ENGINEERING BUILDING LOCATED AT 150 WESTERN AVE, ALLSTON; (II) RENOVATION OF LOWELL HOUSE, LOCATED AT 10 HOLYOKE PL, CAMBRIDGE (III) RENOVATION OF SMITH CAMPUS CENTER, LOCATED AT 75 MT AUBURN ST, CAMBRIDGE, (IV) RENOVATION OF THE ARTHUR M SACKLER BUILDING, LOCATED AT 485 BROADWAY, CAMBRIDGE, (V) RENOVATION OF SOLDIERS FIELD PARK HOUSING COMPLEX, BUILDING 3, LOCATED AT 111 WESTERN AVE, ALLSTON ROW B (SERIES 2022B), COLUMN F: SERIES 2022B WAS ISSUED TO FUND THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A SCIENCE AND ENGINEERING BUILDING LOCATED AT 150 WESTERN AVE, ALLSTON; (II) RENOVATION OF ADAMS HOUSE CLAVERLY HALL, LOCATED AT 63 MT AUBURN ST, CAMBRIDGE, (III) RENOVATION OF ADAMS HOUSE RANDOLPH HALL, LOCATED AT 53 BOW ST, CAMBRIDGE, (IV) RENOVATION OF SOLDIERS FIELD PARK HOUSING COMPLEX, BUILDING 3, LOCATED AT 111 WESTERN AVE, ALLSTON, (V) RENOVATION OF SOLDIERS FIELD PARK HOUSING COMPLEX, BUILDING 1, LOCATED AT 111 WESTERN AVE, ALLSTON. A PORTION OF THE 2022B PROCEEDS WAS USED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/1/21 TO FINANCE THE PROJECTS ABOVE, AND THE REMAINDER WAS APPLIED DIRECTLY TO PROJECT FINANCING. ROW C (SERIES 2024B), COLUMN F: SERIES 2024B WAS ISSUED TO FUND A TENDER REFINANCING OF A PORTION OF THE SERIES 2016A BONDS (10/20/16) AND TO FUND THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) RENOVATION OF ADAMS HOUSE WESTMORLY COURT, LOCATED AT 13-21 BOW ST, CAMBRIDGE, (II) RENOVATION OF ADAMS HOUSE RANDOLPH HALL, LOCATED AT 53 BOW ST, CAMBRIDGE, (III) CONSTRUCTION OF HARVARD AFFILIATE HOUSING, LOCATED AT 100 SOUTH CAMPUS DRIVE, ALLSTON, (IV) RENOVATION OF GORDON HALL, LOCATED AT 25 SHATTUCK ST, BOSTON. A PORTION OF THE 2024B PROCEEDS WAS USED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 5/11/23, 9/13/23, 1/8/24 and 1/9/24 TO FINANCE THE PROJECTS ABOVE, AND THE REMAINDER WAS APPLIED DIRECTLY TO PROJECT FINANCING. ROW D (SERIES 2025A), COLUMN F: SERIES 2025A WAS ISSUED TO FUND THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) RENOVATION OF ELIOT HOUSE AT 101 DUNSTER ST, CAMBRIDGE, (II) RENEWAL OF THE ELECTRICAL AND STORMWATER INFRASTRUCTURE FOR THE CHEMISTRY COMPLEX AT 12 OXFORD ST, CAMBRIDGE, (III) FAADE RENOVATION OF THE GOLDENSON BUILDING AT 220 LONGWOOD AVE, BOSTON, (IV) LAB RENOVATIONS IN THE CONVERSE BUILDING AT 12 OXFORD ST, CAMBRIDGE, (V) RENEWAL OF THE WADSWORTH BUILDING AT 1341 MASSACHUSETTS AVE, CAMBRIDGE, (VI) LECTURE HALL RENOVATIONS IN THE SCIENCE CENTER AT 1 OXFORD ST, CAMBRIDGE, (VII) LAB IMPROVEMENTS IN THE SEELY MUDD BUILDING AT 250 LONGWOOD AVE, BOSTON, (VIII) RENOVATION OF THE NEWELL BOATHOUSE AT 801 SOLDIER'S FIELD RD, ALLSTON, AND (IX) CLASSROOM AND AV RENEWAL IN BOYLSTON HALL AT 5 HARVARD YARD, CAMBRIDGE. A PORTION OF THE 2025A PROCEEDS WAS USED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 8/9/24 AND 11/21/24 TO FINANCE THE PROJECTS ABOVE, AND THE REMAINDER WAS APPLIED DIRECTLY TO PROJECT FINANCING.
Schedule K, Part IV, Line 2c COLUMN D Issuer name: Massachusetts Development Finance Agency The calculation for computing no rebate due was performed on 06/30/2021
Schedule K, Part IV, Line 2c COLUMN A Issuer name: Massachusetts Development Finance Agency The calculation for computing no rebate due was performed on 06/30/2025
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number
04-2103580
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 01-15-2004 103,670,000 SERIES R 1-5 (SEE PART VI)   X   X   X
B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-14-2005 13,490,000 SERIES R 6 (SEE PART VI)   X   X   X
C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-03-2006 14,040,000 SERIES R 7 (SEE PART VI)   X   X   X
D Massachusetts Development Finance Agency
  		04-3431814 57584XYD7 10-20-2016 1,930,251,069 Series 2016A (See Part VI)   X   X   X
Massachusetts Development Finance Agency
  		04-3431814 57584YZP7 04-29-2020 452,031,430 Series 2020A (See Part VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57584Y2Y4 05-17-2022 249,994,550 Series 2022B (See Part VI)   X   X   X
Massachusetts Development Finance Agency
  		04-3431814 57585BAM0 04-24-2024 855,032,898 SERIES 2024B (SEE PART VI)   X   X   X
Massachusetts Development Finance Agency
  		04-3431814 57585BGU6 03-18-2025 502,844,783 SERIES 2025A (SEE PART VI)   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 52,130,000 5,800,000 7,870,000 492,755,000
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 103,670,000 13,491,079 14,043,650 2,003,010,338
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 0 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 0 0 0 8,221,984
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 0
11 Other spent proceeds ............. 103,670,000 13,491,079 14,043,650 1,994,788,354
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2021 2023
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........ 		X   X   X     X
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........ 		  X   X   X X  
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X X  
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X   X   X X  
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?   X   X   X X  
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X   X X  
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?   X   X   X X  
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 0 % 0 % 0 % 0.15 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0 % 0 % 0 % 0.07 %
6 Total of lines 4 and 5 ............. 0 % 0 % 0 % 0.22 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X X  
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. .. 0 % 0 % 0 % 0.28 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   X   X   X X  
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........ X   X   X   X  
c No rebate due? .........   X   X   X X  
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X   X   X     X
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge ......... 0 % 0 % 0 % 0 %
d Was the hedge superintegrated? ......   X   X   X   X
e Was the hedge terminated? ........   X   X   X   X
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC ......... 0 % 0 % 0 % 0 %
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........   X   X   X   X
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
Schedule K, Part I BOND ISSUES: COLUMNS A AND B, GENERAL NOTE: THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, AND SERIES R 7. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010.
Schedule K, Part II, Line 3 PROCEEDS: GENERAL NOTE: THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 OF PART II AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS.
Schedule K, Part III PRIVATE BUSINESS USE: COLUMNS A-C (SERIES R1-5, R6, AND R7): THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2016A), COLUMN F: SERIES 2016A WAS ISSUED TO ADVANCE REFUND SERIES 2008B, ISSUED 6/10/08; AND ADVANCE REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES 2009A (1/7/09), SERIES 2010A (1/20/10), AND 2010B (11/17/10). ROW A (SERIES 2020A), COLUMN F: SERIES 2020A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/11/18, 12/19/18, 1/9/19 AND 11/19/19 FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A SCIENCE AND ENGINEERING BUILDING LOCATED AT 150 WESTERN AVE, ALLSTON; (II) RENOVATION OF LOWELL HOUSE, LOCATED AT 10 HOLYOKE PL, CAMBRIDGE (III) RENOVATION OF SMITH CAMPUS CENTER, LOCATED AT 75 MT AUBURN ST, CAMBRIDGE, (IV) RENOVATION OF THE ARTHUR M SACKLER BUILDING, LOCATED AT 485 BROADWAY, CAMBRIDGE, (V) RENOVATION OF SOLDIERS FIELD PARK HOUSING COMPLEX, BUILDING 3, LOCATED AT 111 WESTERN AVE, ALLSTON ROW B (SERIES 2022B), COLUMN F: SERIES 2022B WAS ISSUED TO FUND THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A SCIENCE AND ENGINEERING BUILDING LOCATED AT 150 WESTERN AVE, ALLSTON; (II) RENOVATION OF ADAMS HOUSE CLAVERLY HALL, LOCATED AT 63 MT AUBURN ST, CAMBRIDGE, (III) RENOVATION OF ADAMS HOUSE RANDOLPH HALL, LOCATED AT 53 BOW ST, CAMBRIDGE, (IV) RENOVATION OF SOLDIERS FIELD PARK HOUSING COMPLEX, BUILDING 3, LOCATED AT 111 WESTERN AVE, ALLSTON, (V) RENOVATION OF SOLDIERS FIELD PARK HOUSING COMPLEX, BUILDING 1, LOCATED AT 111 WESTERN AVE, ALLSTON. A PORTION OF THE 2022B PROCEEDS WAS USED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/1/21 TO FINANCE THE PROJECTS ABOVE, AND THE REMAINDER WAS APPLIED DIRECTLY TO PROJECT FINANCING. ROW C (SERIES 2024B), COLUMN F: SERIES 2024B WAS ISSUED TO FUND A TENDER REFINANCING OF A PORTION OF THE SERIES 2016A BONDS (10/20/16) AND TO FUND THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) RENOVATION OF ADAMS HOUSE WESTMORLY COURT, LOCATED AT 13-21 BOW ST, CAMBRIDGE, (II) RENOVATION OF ADAMS HOUSE RANDOLPH HALL, LOCATED AT 53 BOW ST, CAMBRIDGE, (III) CONSTRUCTION OF HARVARD AFFILIATE HOUSING, LOCATED AT 100 SOUTH CAMPUS DRIVE, ALLSTON, (IV) RENOVATION OF GORDON HALL, LOCATED AT 25 SHATTUCK ST, BOSTON. A PORTION OF THE 2024B PROCEEDS WAS USED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 5/11/23, 9/13/23, 1/8/24 and 1/9/24 TO FINANCE THE PROJECTS ABOVE, AND THE REMAINDER WAS APPLIED DIRECTLY TO PROJECT FINANCING. ROW D (SERIES 2025A), COLUMN F: SERIES 2025A WAS ISSUED TO FUND THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) RENOVATION OF ELIOT HOUSE AT 101 DUNSTER ST, CAMBRIDGE, (II) RENEWAL OF THE ELECTRICAL AND STORMWATER INFRASTRUCTURE FOR THE CHEMISTRY COMPLEX AT 12 OXFORD ST, CAMBRIDGE, (III) FAADE RENOVATION OF THE GOLDENSON BUILDING AT 220 LONGWOOD AVE, BOSTON, (IV) LAB RENOVATIONS IN THE CONVERSE BUILDING AT 12 OXFORD ST, CAMBRIDGE, (V) RENEWAL OF THE WADSWORTH BUILDING AT 1341 MASSACHUSETTS AVE, CAMBRIDGE, (VI) LECTURE HALL RENOVATIONS IN THE SCIENCE CENTER AT 1 OXFORD ST, CAMBRIDGE, (VII) LAB IMPROVEMENTS IN THE SEELY MUDD BUILDING AT 250 LONGWOOD AVE, BOSTON, (VIII) RENOVATION OF THE NEWELL BOATHOUSE AT 801 SOLDIER'S FIELD RD, ALLSTON, AND (IX) CLASSROOM AND AV RENEWAL IN BOYLSTON HALL AT 5 HARVARD YARD, CAMBRIDGE. A PORTION OF THE 2025A PROCEEDS WAS USED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 8/9/24 AND 11/21/24 TO FINANCE THE PROJECTS ABOVE, AND THE REMAINDER WAS APPLIED DIRECTLY TO PROJECT FINANCING.
Schedule K, Part IV, Line 2c COLUMN D Issuer name: Massachusetts Development Finance Agency The calculation for computing no rebate due was performed on 06/30/2021
Schedule K, Part IV, Line 2c COLUMN A Issuer name: Massachusetts Development Finance Agency The calculation for computing no rebate due was performed on 06/30/2025
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1

Schedule L
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
(1) JENNIFER O'CONNOR
  		OFFICER PURCHASE OF HOME   X 1,400,000 1,388,000   No Yes   Yes  
(2) MANUEL CUEVAS-TRISAN
  		OFFICER PURCHASE OF HOME   X 800,000 698,000   No Yes   Yes  
(3) JOHN H MANNING
  		OFFICER PURCHASE OF HOME   X 583,369 375,000   No Yes   Yes  
(4) HOPI HOEKSTRA
  		OFFICER PURCHASE OF HOME   X 500,000 337,000   No Yes   Yes  
(5) JOHN H MANNING
  		OFFICER DEPENDENT'S EDUCATION   X 444,734 352,000   No Yes   Yes  
Total ............... $ 3,150,000
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) (Rev. 1-2025)
Schedule L (Form 990) (Rev. 1-2025)
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) DR AMY EDMONDSON
  		FAMILY MEMBER OF GEORGE DALEY, KEY EMPLOYEE 795,948 EMPLOYMENT COMPENSATION   No
(2) BHARAT ANAND
  		FAMILY MEMBER OF NITIN NOHRIA, FORMER KEY EMPLOYEE 781,159 EMPLOYMENT COMPENSATION   No
(3) JAMES MALLET
  		FAMILY MEMBER OF HOPI HOEKSTRA, KEY EMPLOYEE 264,352 EMPLOYMENT COMPENSATION   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) (Rev. 1-2025)


Additional Data


Software ID: 24020961
Software Version: 2024v5.1




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large image Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....   67 0 Other - SEE PART II
2 Art—Historical treasures .        
3 Art—Fractional interests ..   2 0 Other - SEE PART II
4 Books and publications .. X 0 Other
5 Clothing and household
goods ....... 		X   Other
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded .   857 113,654,007 Market value
10 Securities—Closely held stock .   3 2,166,580 Market value
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .   1 1,330,000 Market value
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...   1 0 Other - SEE PART II
20 Drugs and medical supplies .   2 0 Other - SEE PART II
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( ARCHIVES ) X 31 0 Other - SEE PART II
26 Other Right pointing arrow large image ( EQUIPMENT ) X 5 0 Other - SEE PART II
27 Other Right pointing arrow large image ( MUSIC RELATED ) X 3 0 Other - SEE PART II
28 Other Right pointing arrow large image ( AIRLINE/HOTEL ) X 2 0 Other - SEE PART II
Other Right pointing arrow large image ( BITCOIN ) X 2 506,071 Other - APPRAISED VALUE/FMV
Other Right pointing arrow large image ( ETHEREUM ) X 1 29,876 Other - APPRAISED VALUE/FMV
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
19
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2024)
Schedule M (Form 990) (2024)
Page 2
Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
Schedule M, Part I COLUMN (B): THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED.
Schedule M, Part I, Line 33 EXPLANATION OF REVENUES NOT REPORTED SFAS 116 PROVIDES THAT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS NEED NOT BE RECOGNIZED AS REVENUES AND CAPITALIZED IF THE DONATED ITEMS ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE UNIVERSITY DOES NOT REPORT REVENUES FOR GIFTS-IN-KIND INTENDED FOR DISPLAY OR IMMATERIAL AMOUNTS. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE DESCRIBING COLLECTIONS FROM THE UNIVERSITY'S FINANCIAL STATEMENTS: "THE UNIVERSITY'S VAST ARRAY OF MUSEUMS AND LIBRARIES CONTAINS PRICELESS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES. ALL GIFTS ARE ART GIVEN WITH THE INTENTION OF BEING DISPLAYED. THERE MAY BE INSTANCES WHERE A GIFT OF ART IS MADE WITH THE PURPOSE OF BEING SOLD AND THE PROCEEDS BENEFITING A SPECIFIC PURPOSE OR UNIT AT THE UNIVERSITY. IN SUCH CASES, THE SALE PROCEEDS WOULD BE RECORDED AS GIFT REVENUE AT THE TIME OF SALE.
Schedule M, Part I, Line 33 OTHER NONCASH CONTRIBUTIONS: CERTAIN NONCASH CONTRIBUTIONS LISTED IN PART I HAVE NOT REPORTED AN AMOUNT IN PART I, COLUMN (C). NO AMOUNT IS REPORTED FOR THESE CONTRIBUTIONS EITHER BECAUSE THEY ARE INTENDED FOR DISPLAY, AS DISCUSSED ABOVE, OR BECAUSE THE VALUE OF THE NONCASH CONTRIBUTION IS IMMATERIAL.
Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THIRD PARTIES, SUCH AS AUCTION HOUSES OR BROKERS, MAY BE USED TO SELL NON-CASH CONTRIBUTIONS TO THE UNIVERSITY, BUT NOT TO PROCESS OR SOLICIT ANY CONTRIBUTIONS TO THE UNIVERSITY, EXCEPT AS DISCLOSED ON SCHEDULE G, PART I.
Schedule M (Form 990) (2024)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Return Reference Explanation
Form 990, Part I, Line 5 TOTAL NUMBER OF INDIVIDUALS EMPLOYED: AS REQUIRED BY THE FORM 990 INSTRUCTIONS, THE NUMBER REPORTED ON PART I, LINE 5 REPRESENTS THE TOTAL NUMBER OF FORMS W-2 PRODUCED BY THE UNIVERSITY DURING CALENDAR YEAR 2024. THIS INCLUDES PAYMENTS FOR WORK STUDY AND CERTAIN TEACHING FELLOWS, AS WELL AS SHORT-TERM EMPLOYMENT. THE TOTAL HEAD COUNT FOR FACULTY AND STAFF AS REPORTED ON THE HARVARD UNIVERSITY FACT BOOK FOR OCTOBER 31, 2024 WAS 20,279.
Form 990, Part I, Line 6 VOLUNTEERS: HARVARD IS FORTUNATE TO BENEFIT FROM THE SERVICES OF VOLUNTEERS ACROSS ITS NUMEROUS SCHOOLS, DEPARTMENTS, AND PROGRAMS. WHILE HARVARD DOES NOT FORMALLY TRACK OR ELSEWHERE REPORT THE NUMBER OF ITS VOLUNTEERS, THE UNIVERSITY ESTIMATES THAT THIS FIGURE EXCEEDS 10,000.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders CERTAIN ACTIONS OF THE HARVARD CORPORATION, SUCH AS THE ELECTION OF NEW CORPORATION MEMBERS, THE CONFERRAL OF DEGREES, AND AMENDMENTS TO THE UNIVERSITY STATUTES, ARE SUBJECT TO THE CONSENT OF THE UNIVERSITY'S BOARD OF OVERSEERS.
Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY THE UNIVERSITY'S TAX RETURN REVIEW COMMITTEES, COMPRISING SENIOR FINANCE STAFF, AND INTERNAL AND EXTERNAL COUNSEL. THE FORM 990 WAS ALSO REVIEWED BY THE UNIVERSITY'S JOINT COMMITTEE ON INSPECTION, CONSISTING OF MEMBERS OF THE HARVARD CORPORATION AND THE BOARD OF OVERSEERS. THE FINAL FORM 990 WAS PROVIDED TO THE ENTIRE HARVARD CORPORATION BEFORE IT WAS FILED.
Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY, THE UNIVERSITY'S OFFICE OF THE GENERAL COUNSEL DISTRIBUTES A COPY OF THE HARVARD UNIVERSITY POLICY ON CONFLICTS OF INTEREST AND COMMITMENT FOR SENIOR OFFICERS AND SENIOR ADMINISTRATORS, AND AN ANNUAL DISCLOSURE FORM, TO THE INDIVIDUALS SUBJECT TO THE POLICY. THE COMPLETED FORMS ARE REVIEWED BY THE OFFICE OF THE GENERAL COUNSEL. A PARALLEL PROCESS IS CARRIED OUT ANNUALLY BY THE OFFICE OF THE GOVERNING BOARDS FOR THE UNIVERSITY'S GOVERNING BODY. THE COMPLETED DISCLOSURE FORMS OF MEMBERS OF THE GOVERNING BODY ARE REVIEWED BY BOTH THE OFFICE OF THE GENERAL COUNSEL AND THE SECRETARY OF THE UNIVERSITY.
Form 990, Part VI, Line 15a Process to establish compensation of top management official THE FOLLOWING IS A DESCRIPTION OF THE ANNUAL COMPENSATION REVIEW PROCESS (CROSS-REFERENCE SCHEDULE J, PART I, LINE 3). THE MOST RECENT REVIEW CONDUCTED THAT APPLIES TO THE COMPENSATION REPORTED IN SCHEDULE J OCCURRED IN JULY 2024. THE OFFICE OF HUMAN RESOURCES CONDUCTS AN ANNUAL REVIEW DURING THE HARVARD CORPORATION MEETINGS. ALL INTERNAL REVIEWS AND NEW SALARY RECOMMENDATIONS ARE CONDUCTED IN ADVANCE OF THE CORPORATION MEETING, GENERALLY INCLUDING RECOMMENDATION BY THE PRESIDENT OF COMPENSATION OTHER THAN THE PRESIDENT'S OWN. THE PROVOST AND THE EXECUTIVE VICE PRESIDENT ADDITIONALLY PROVIDE RECOMMENDATIONS ON THOSE INDIVIDUALS FOR WHOM THEY HAVE ORGANIZATIONAL RESPONSIBILITY, SUBJECT TO THE APPROVAL OF THE PRESIDENT. DURING THE MEETING, THE CORPORATION, WHICH IN FULL SERVES AS THE COMPENSATION COMMITTEE, REVIEWS EACH OF THE PRESIDENT'S PROPOSALS FOR FINAL APPROVAL. THE PRESIDENT DOES NOT PARTICIPATE IN THE DELIBERATIONS OR THE VOTE ON THE PRESIDENT'S OWN COMPENSATION. ALL VOTES ARE MEMORIALIZED IN MINUTES AND PRESERVED, TOGETHER WITH ALL BACKGROUND DATA AND MATERIALS PROVIDED BY THE OFFICE OF HUMAN RESOURCES. THIS ANNUAL REVIEW PROCESS INCLUDES THE COMPILATION OF APPROPRIATE COMPARABILITY COMPENSATION DATA FOR EACH POSITION INCLUDED IN THE REVIEW. THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE COMPENSATION MARKET SURVEY DATA AND ANALYSIS IN EACH CASE PRIOR TO MAKING ITS DETERMINATION. FOR THIS PURPOSE, THE PRINCIPAL SOURCE OF SUCH DATA IS AN ANNUAL REPORT PROVIDED BY AN OUTSIDE CONSULTANT. ADDITIONAL COMPARABILITY DATA FOR REVIEW OF THE PRESIDENT'S COMPENSATION HAS BEEN DRAWN FROM A SECOND EXTERNAL SOURCE THAT IS COMPILED ANNUALLY AND FROM PUBLICLY AVAILABLE FORM 990 INFORMATION. THE INDIVIDUALS TO WHOM THE PROCESS IS APPLIED ARE THE FOLLOWING: 1. THE OFFICERS OF THE UNIVERSITY, INCLUDING THE PRESIDENT, PROVOST, SECRETARY, EXECUTIVE VICE PRESIDENT, AND ALL VICE PRESIDENTS; 2. THE DEANS OF THE FACULTIES, INCLUDING KEY EMPLOYEES; 3. CERTAIN OTHER SENIOR UNIVERSITY PERSONNEL.
Form 990, Part VI, Line 15b Process to establish compensation of other employees THE ANNUAL COMPENSATION REVIEW PROCESS DESCRIBED ABOVE APPLIES TO OTHER OFFICERS AND KEY EMPLOYEES.
Form 990, Part VI, Line 19 Required documents available to the public HARVARD UNIVERSITY MAKES ITS ANNUAL FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. HARVARD'S CONFLICT OF INTEREST POLICY FOR SENIOR OFFICERS AND SENIOR ADMINISTRATORS IS AVAILABLE ON HARVARD'S INTRANET, ACCESSIBLE TO MEMBERS OF THE HARVARD COMMUNITY. HARVARD'S PUBLIC CHARTER IS AVAILABLE UPON REQUEST.
Form 990, Part VII, Section A, Line 1a, Column (B) AVERAGE HOURS PER WEEK THE UNIVERSITY DOES NOT TRACK HOURS WORKED BY TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES. THE AVERAGE HOURS WORKED REPORTED ON PART VII, COLUMN (B) ARE ESTIMATES, WITH 60 HOURS PER WEEK AS AN APPROXIMATION FOR FULL-TIME EMPLOYMENT. THE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS REPRESENTS AN ESTIMATE OF TIME THE INDIVIDUAL SPENDS IN HIS/HER CAPACITY AS A MEMBER OF THE BOARD OF DIRECTORS AND/OR AS AN EMPLOYEE OF HARVARD AFFILIATES.
Form 990, Part VII, Section A, Line 1a, Column (A) TITLE ALAN GARBER WAS INTERIM PRESIDENT FROM JANUARY 2, 2024 THROUGH AUGUST 1, 2024 AND THEN OFFICIALLY BECAME PRESIDENT. PRESIDENT GAY WAS PRESIDENT UNTIL JANUARY 1, 2024, WHEN SHE BEGAN A POST-PRESIDENTIAL SABBATICAL BEFORE RETURNING TO THE FACULTY AS PROFESSOR OF GOVERNMENT AND OF AFRICAN AND AMERICAN STUDIES ON JANUARY 2, 2025. JOHN MANNING WAS INTERIM PROVOST FROM MARCH 14, 2024 THROUGH AUGUST 14, 2024 AND THEN OFFICIALLY BECAME PROVOST. LAWRENCE S. BACOW WAS PRESIDENT UNTIL JULY 1, 2023 AND THEN BEGAN HIS ROLE AS PRESIDENT EMERITUS AND PROFESSOR OF PUBLIC POLICY. MARC L. GOODHEART WAS V.P. AND SECRETARY OF THE UNIVERSITY UNTIL JUNE 1, 2025 AND THEN BEGAN HIS ROLE AS V.P. AND SENIOR ADVISOR TO THE PRESIDENT AND PROVOST. NITIN NOHRIA WAS DEAN OF HARVARD BUSINESS SCHOOL UNTIL JANUARY 1, 2021 AND THEN RETURNED TO HIS ROLE AS FACULTY OF BUSINESS. DIANE LOPEZ WAS V.P. AND GENERAL COUNSEL UNTIL MARCH 1, 2024 AND, THEREFORE, HOURS REPORTED IN COLUMN B RELATE TO THAT TIME PERIOD.
Form 990, Part VII, Section A, Line 1a, Column (D) COMPENSATION FELLOW KAREN GORDON MILLS HAD A PAID FACULTY APPOINTMENT DURING CALENDAR YEAR 2024 UNRELATED TO HER WORK AS A MEMBER OF THE HARVARD CORPORATION. THE COMPENSATION FOR HER ACADEMIC SERVICES IS REPORTED IN FORM 990, PART VII, SECTION A, COLUMN (D).
Form 990, Part VIII, Line 2f Other Program Service Revenue ALL OTHER PROGRAM SERVICE REVENUE - Total Revenue: XXX-XX-XXXX, Related or Exempt Function Revenue: XXX-XX-XXXX, Unrelated Business Revenue: 27878862, Revenue Excluded from Tax Under Sections 512, 513, or 514: 53207773;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN RETIREMENT OBLIGATIONS - XXX-XX-XXXX; OTHER CHANGES IN SPLIT INTEREST AGREEMENTS - 29673124; TRANSFERS TO/FROM AFFILIATE ORGANIZATIONS - 48529907; OTHER CHANGE IN NET ASSETS - -52460818; Total - XXX-XX-XXXX;
Schedule F, Part I FOREIGN ACTIVITY AMOUNTS REPORTED ARE ESTIMATED BASED ON THE BEST AVAILABLE DATA. UNIVERSITY ACTIVITIES INCLUDE ACADEMIC SUPPORT, INSTITUTIONAL SUPPORT, INSTRUCTION, RESEARCH AND OTHER ACADEMIC ACTIVITY, SERVICE CENTERS, AND STUDENT SERVICES.
Schedule F, Part III GRANTS TO INDIVIDUALS AMOUNTS AND NUMBER OF RECIPIENTS LISTED ARE ESTIMATES BASED ON THE BEST AVAILABLE DATA.
Schedule F, Part V FOREIGN ACTIVITY AMOUNTS REPORTED ARE ESTIMATED BASED ON THE BEST AVAILABLE DATA. UNIVERSITY ACTIVITIES INCLUDE ACADEMIC SUPPORT, INSTITUTIONAL SUPPORT, INSTRUCTION, RESEARCH AND OTHER ACADEMIC ACTIVITY, SERVICE CENTERS, AND STUDENT SERVICES.
Schedule F, Part V GRANTS TO INDIVIDUALS AMOUNTS AND NUMBER OF RECIPIENTS LISTED ARE ESTIMATES BASED ON THE BEST AVAILABLE DATA.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) (Rev. 1-2025)


Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE R
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) BEAU GESTE XXV LLC
 
 
20-2138990 		REAL ESTATE MA 29,110,633 97,863,966 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(2) HALC ERC LANDLORD LLC
 
 
REAL ESTATE MA 0 0 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(3) HARVARD 219 WESTERN LLC
 
 
REAL ESTATE MA 637,383 6,661,655 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(4) HARVARD ALLSTON LAND COMPANY
 
 
83-3819768 		DEVELOPMENT MANAGEMENT MA 7,441,582 153,825,947 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(5) HARVARD INTERNATIONAL LLC
 
 
30-0459737 		INTERNATIONAL SUPPORT DE 0 0 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(6) HARVARD UNIVERSITY BEACON YARDS LLC
 
 
03-0517218 		REAL ESTATE MA 656,618 1,241,967 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(7) HUH BROKERAGE SERVICES LLC
 
 
85-3427383 		REAL ESTATE MA 390,749 462,301 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(8) WOODBINE MILL FUNDS LLC
 
 
30-1223109 		INVESTMENTS DE 36,954,278 986,410,728 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)AFRICA ACADEMY FOR PUBLIC HEALTH
PO BOX 79810 MWAI KIBAKI RD
DAR ES SALAAM    
TZ
RESEARCH TZ     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(2)AMERICAN REPERTORY THEATRE COMPANY INC
64 BRATTLE ST

CAMBRIDGE,MA02138
04-2665867 		PERFORMING ARTS MA 501(c)(3) 10 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(3)ASSOCIACAO DAVID ROCKEFELLER CENTER DE UNIVERSIDADE DE HARVARD
AVENIDA PAULISTA 1337 CJ 171
SAO PAULO   01311200
BR
EDUCATION BR     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(4)AXIM COLLABORATIVE
141 PORTLAND ST 9TH FL

CAMBRIDGE,MA02139
46-0807740 		EDUCATION MA 501(c)(3) Type I NA
 
 
No
(5)BLUE MARBLE HOLDINGS CORP
600 ATLANTIC AVENUE

BOSTON,MA02210
23-7014581 		INVESTMENT MANAGEMENT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(6)CENTRE RECHERCHE EUROPEEN DE LA HBS
62 RUE FRANCOIS 1 ER
PARIS    
FR
RESEARCH SUPPORT FR     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(7)DEMETER HOLDINGS CORPORATION
600 ATLANTIC AVENUE

BOSTON,MA02210
04-3044742 		INVESTMENT MANAGEMENT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(8)DOYUKAI FUND FOR HARVARD INC
79 JFK STREET

CAMBRIDGE,MA02138
04-3478889 		RESEARCH SUPPORT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(9)DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC
401 PARK DR

BOSTON,MA02215
52-2446955 		EDUCATION AND RESEARCH MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(10)ENDOWMENT FOR RESEARCH IN HUMAN BIOLOGY INC
ONE MIFFLIN PLACE SUITE 400
C/O THE VALLEE FOUNDATION
CAMBRIDGE,MA02116
04-2702030 		RESEARCH MA 501(c)(3) Type III-O PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(11)FUNDACION DRCLAS CHILE
AVENIDA DAG HAMMARSKJOLD 3269
SANTIAGO    
CI
FACULTY AND STUDENT ACTIVITIES CI     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(12)FUNDACION HARVARD BUSINESS SCHOOL LATIN AMERICA RESEARCH CENTER
AVENIDA ITALIA 6201
EDIFICIO LOS ROBLES LATU
MONTEVIDEO   11500
UY
RESEARCH SUPPORT UY     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(13)GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC
HMS DEAN OF FAC OF MED

BOSTON,MA02115
04-3293162 		RESEARCH SUPPORT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(14)HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN
C201 BROOKLINE AVE SUITE 401

BOSTON,MA02115
30-0773387 		RESEARCH MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(15)HARVARD BUSINESS SCHOOL INTERACTIVE INC
SOLDIERS FIELD RD

BOSTON,MA02163
04-3395140 		EXECUTIVE EDUCATION MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(16)HARVARD BUSINESS SCHOOL PUBLISHING CORP
20 GUEST ST STE 400

BRIGHTON,MA02135
04-3177990 		PUBLISHING MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(17)HARVARD DEDICATED ENERGY LIMITED
1033 MASS AVE 3RD FL

CAMBRIDGE,MA02138
03-0425512 		ELECTRICITY PURCHASING MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(18)HARVARD GLOBAL FOUNDATION LTD
THIRD FLOOR 20 OLD BAILEY
LONDON   EC4M7AN
UK
TRUST FOR CONTRIBUTIONS UK     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(19)HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
114 MOUNT AUBURN ST 5TH FL

CAMBRIDGE,MA02138
45-4535664 		GLOBAL SUPPORT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(20)HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC - TUNISIA
3ME TAGE IMMEUBLE SLIM BLOCK 1
RUE DE LEURO BERGES DU LAC II
TUNIS   1053
TS
RESEARCH TS     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(21)HARVARD GLOBAL RESEARCH SUPPORT CENTRE INDIA
DEXTRUS OFFICE NO W05 PENINSULA
GK MARG LOWER PAREL
MUMBAI,MAHARASHTRA400013
IN
RESEARCH IN     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(22)HARVARD GLOBAL RESEARCH SUPPORT CENTRE ISRAEL LTD
1 NIRIM STREET PO BOX 9250
TELAVIV   670603
IS
RESEARCH IS     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(23)HARVARD GLOBAL RESEARCH SUPPORT CENTRE SOUTH AFRICA NPC
22 BREE ST
CAPE TOWN   8000
SF
RESEARCH SF     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(24)HARVARD GLOBAL UK
71 QUEEN VICTORIA STREET
LONDON   EC4V4BE
UK
RESEARCH UK     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(25)HARVARD MAGAZINE INC
7 WARE ST

CAMBRIDGE,MA02138
04-6112308 		PUBLISHING MA 501(c)(3) Type III-FI PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(26)HARVARD MANAGEMENT COMPANY INC
600 ATLANTIC AVENUE

BOSTON,MA02210
23-7361259 		INVESTMENT MANAGEMENT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(27)HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
600 ATLANTIC AVENUE

BOSTON,MA02210
04-3070522 		INVESTMENT MANAGEMENT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(28)HARVARD MEDICAL CENTER
25 SHATTUCK ST

BOSTON,MA02115
04-2213292 		MEDICAL EDUCATION MA 501(c)(3) Type I NA
 
 
No
(29)HARVARD NEURODISCOVERY CENTER INC
25 SHATTUCK ST

BOSTON,MA02115
31-1745145 		RESEARCH SUPPORT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(30)HARVARD PRIVATE CAPITAL REALTY INC
600 ATLANTIC AVENUE

BOSTON,MA02210
22-3138409 		INVESTMENT MANAGEMENT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(31)HARVARD REAL ESTATE - ALLSTON INC
1033 MASS AVE 3RD FL

CAMBRIDGE,MA02138
04-3373410 		TITLE HOLDING COMPANY MA 501(c)(25)   PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(32)HARVARD REAL ESTATE INC
1033 MASS AVE 3RD FL

CAMBRIDGE,MA02138
04-2649303 		REAL ESTATE BROKERAGE MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(33)HARVARD-YENCHING INSTITUTE
VANSERG HALL 25 FRANCIS AVE

CAMBRIDGE,MA02138
04-2062394 		EDUCATION MA 501(c)(3) Type I NA
 
 
No
(34)ION INC
1350 MASS AVE

CAMBRIDGE,MA02138
22-3032677 		RESEARCH MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(35)LONGWOOD MEDICAL ENERGY COLLABORATIVE INC
375 LONGWOOD AVE

BOSTON,MA02215
04-3476764 		ENERGY SERVICES MA 501(c)(3) Type I NA
 
 
No
(36)MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC
100 BIGELOW ST

HOLYOKE,MA01040
27-3014805 		RESEARCH MA 501(c)(3) Type I NA
 
 
No
(37)MGHPCC HOLYOKE INC
100 BIGELOW ST

HOLYOKE,MA01040
45-2257442 		RESEARCH MA 501(c)(3) Type I NA
 
 
No
(38)PHEMUS CORPORATION
600 ATLANTIC AVENUE

BOSTON,MA02210
04-2997367 		INVESTMENT MANAGEMENT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(39)RED TOP INC
MURR CTR 65 NORTH HARVARD ST

BOSTON,MA02163
51-0189788 		ATHLETICS CT 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(40)STUDENT CLUBS OF HBS INC
SOLDIERS FIELD RD

BOSTON,MA02163
57-1152691 		STUDENT SUPPORT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(41)STUDENT ORGANIZATIONS AND JOURNALS OF HARVARD LAW SCHOOL INC
1585 MASSACHUSETTS AVE

CAMBRIDGE,MA02138
84-3118937 		STUDENT SUPPORT MA 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(42)THE BOTSWANA HARVARD HEALTH PARTNERSHIP
PRIVATE BAG BO 320
GABORONE    
BC
RESEARCH BC     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(43)THE CARL J SHAPIRO INSTITUTE FOR EDUCATION AND RESEARCH AT HARVARD
330 BROOKLINE AVE

BOSTON,MA02215
04-3326928 		MEDICAL EDUCATION AND RESEARCH MA 501(c)(3) Type I NA
 
 
No
(44)THE RESEARCH COLLECTIONS AND PRESERVATION CONSORTIUM
701 CARNEGIE CENTER STE 445

PRINCETON,NJ08540
22-3751732 		LIBRARY DEPOSITORY NJ 501(c)(3) Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(45)TRUSTEES FOR HARVARD UNIVERSITY
1033 MASS AVE 3RD FL

CAMBRIDGE,MA02138
53-0199180 		EDUCATION DC 501(c)(3) Type II PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) 144 FULTON MMEE JV LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
47-4542524 		INVESTMENTS DE CAR II HOLDINGS I LLC (CROWN ATLANTIC RETAIL II LLC)
  		Excluded -2,977,994 0   No 0   No 67.52 %
(2) 170 BROADWAY LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
46-4145333 		INVESTMENTS DE CROWN ATLANTIC RETAIL I LLC (CROWN ATLANTIC RETAIL LLC)
  		Excluded 156,802 0   No 0   No 67.52 %
(3) 522 FULTON REALTY LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
13-4215034 		INVESTMENTS DE CA 522 INVESTOR LLC (CROWN ATLANTIC RETAIL II LLC)
  		Excluded -1,149,230 16,445,351   No 0   No 67.52 %
(4) 947 LINCOLN ROAD LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
46-5244987 		INVESTMENTS DE CROWN ATLANTIC RETAIL I LLC (CROWN ATLANTIC RETAIL LLC)
  		Excluded 668,199 24,925,181   No 0   No 67.52 %
(5) ALTIMETER GROWTH DIABLO FUND LP

ONE INTERNATIONAL PLACE
SUITE 4610
BOSTON,MA02110
87-2407391 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 19,866,173   No 0   No 65.75 %
(6) ALTOS HYBRID HD LLC

250 CALIFORNIA DR
FL 4
BURLINGAME,CA940104113
88-2029449 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 15,721 7,855,331   No 0   No 99.99 %
(7) AMERRA AGRI OPPORTUNITY FUND LP

61 W PALISADE AVE
SUITE 2B
ENGLEWOOD,NJ07631
27-3310646 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 5,512,494 47,557,464   No 538,213   No 99.24 %
(8) APOLLO THUNDER PARTNERS LP

100 WEST PUTNAM AVENUE
3RD FLOOR
GREENWICH,CT06830
36-4827348 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded -884,090 51,316,270   No 0   No 97.62 %
(9) AQUILINE ARMOUR CO-INVEST II LP

C/O AQUILINE CAPITAL PARTNERS
437 MADISON AVE 40TH FLOOR
NEW YORK,NY10022
82-3864734 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 20,695,898   No 0   No 76.19 %
(10) ARTIST GROWTH OPPORTUNITY III LP

20 WEST 55TH STREET
11TH FLOOR
NEW YORK,NY10019
86-3123613 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 15,056,266   No 0   No 90.15 %
(11) ASSOCIATED FUNDS SPV LP

8605 SANTA MONICA BLVD
PMB 29166
WEST HOLLYWOOD,CA90069
84-2851486 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 0   No 0   No 50.12 %
(12) ATLANTIC CT HOLDINGS LLC

4343 VON KARMAN AVE SUITE 200
NEWPORT BEACH,CA92660
46-2501216 		INVESTMENTS DE ATLANTIC WESTERN INDUSTRIAL LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded 0 0   No 0   No 63.13 %
(13) ATLANTIC REGENT HOLDINGS LLC

11990 SAN VICENTE BOULEVARD
SUITE 200
LOS ANGELES,CA90049
47-2097418 		INVESTMENTS DE ATLANTIC WSWO LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded -66,774 9,285,515   No 0   No 83.43 %
(14) ATLANTIC SCIOTO HOLDINGS LLC

230 PARK AVENUE 12TH FLOOR
NEW YORK,NY10169
47-1979711 		INVESTMENTS DE ATLANTIC DEBT INVESTOR LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded 0 0   No 0   No 84.08 %
(15) ATLANTIC TORONTO LP

600 ATLANTIC AVENUE
BOSTON,MA02210
35-2384789 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 0 0   No 0   No 99.99 %
(16) ATLANTIC US REAL ESTATE LLC

C/O BAIN CAPITAL REAL ESTATE LP
200 CLARENDON ST
BOSTON,MA02116
82-4033944 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 100,494,376 1,570,918,805   No -465,253   No 84.4 %
(17) AVENIR GROWTH PARTNERS III CO-INVEST LP

817 BROADWAY
12TH FLOOR
NEW YORK,NY10003
85-3171430 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded -6,810,409 97,843,340   No 0   No 58.7 %
(18) AVENTAIL ENERGY FUND LP

1370 AVENUE OF THE AMERICAS 27TH F
NEW YORK,NY10019
82-3720439 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 13,373,720 492,988,116   No 67,840   No 57.37 %
(19) BAINBRIDGE CC URBANA APARTMENTS LLC

12765 WEST FOREST HILL BLVD
SUITE 1307
WELLINGTON,FL33414
80-0910794 		INVESTMENTS DE BLUE ATLANTIC URBANA LLC
  		Excluded 1,951,400 6,827,123   No 0   No 74.44 %
(20) BCC CAMBRIDGE NEW FINANCING SOLUTION (REVOLVERS) LP

MAPLES FIDUCIARY SERVICES DE INC
4001 KENNETT PIKE SUITE 302
WILMINGTON,DE19807
84-2105056 		INVESTMENTS DE LUXCO LENDING FUND II SARL
  		Excluded 243,173 46,272,795   No 0   No 100 %
(21) BCC CAMBRIDGE NEW FINANCING SOLUTION (TL) LP

MAPLES FIDUCIARY SERVICES DE INC
4001 KENNETT PIKE SUITE 302
WILMINGTON,DE19807
84-2105177 		INVESTMENTS DE LUXCO LENDING FUND II SARL
  		Excluded 12,579,861 45,262,926   No 0   No 100 %
(22) BLC FIC FIDC-NP

PRAIA DE BOTAFOGO 501
RIO DE JANEIRO   22250040
BR
INVESTMENTS BR BLC MASTER FUND LP
  		Excluded 19,414,277 204,269,541   No     No 52.97 %
(23) BLC MASTER FUND LP

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1251228 		INVESTMENTS CJ BLC FUND B LP
  		Excluded 15,809,098 176,770,296   No     No 56.93 %
(24) BLUE ATLANTIC ACQUISITION GROUP II LLC

353 NORTH CLARK STREET SUITE 730
CHICAGO,IL60654
90-0909419 		INVESTMENTS DE ATLANTIC STUDENT HOUSING LLC (BLUE ATLANTIC ACQUISITION GROUP LLC)
  		Excluded 1,658,521 27,748,769   No 0   No 82.71 %
(25) BLUE OWL OPPORTUNISTIC LENDING I (H) LP

399 PARK AVENUE
37TH FLOOR
NEW YORK,NY10022
85-2734604 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 1,927,491 21,423,919   No -125,650   No 94.24 %
(26) BRIGHTLIGHT CAPITAL PARTNERS LP

15 MYRTLE AVENUE 1A
WESTPORT,CT06880
45-2604596 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 26,030,900 144,093,697   No 0   No 59.9 %
(27) BRIGHTMIND VENTURES I LP

1705 ALAMEDA DR
AUSTIN,TX78704
99-4864469 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 0 2,561,917   No 0   No 91.55 %
(28) CA ATLANTIC URBAN LV LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
81-5215845 		INVESTMENTS DE ATLANTIC URBAN LV INVESTMENT LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded 235,095 4,102,938   No 0   No 84.4 %
(29) CA USQUARE LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
47-3889463 		INVESTMENTS DE ATLANTIC USQUARE LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded -1,227,321 290   No -1,323,506   No 75.96 %
(30) CB ACCESS FUND LP

437 MADISON AVENUE 20TH FL
NEW YORK,NY10022
99-2746513 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 23,820 17,868,334   No 0   No 96.51 %
(31) CERBERUS MA PARTNERS LP

ONE NEXUS WAY
CAMANA BAY   KY19005
CJ
36-4762301 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded -4,322,352 4,690,678   No 0   No 70.57 %
(32) COGNATE INVESTMENTS LP- SERIES SAM1

1140 3RD ST NE
2ND FL
WASHINGTON,DC20002
85-3709667 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 0   No 0   No 62.34 %
(33) CORAL SENIOR HOUSING II LLC

1275 PENNSYLVANIA AVENUE NORTH WEST
2ND FLOOR
WASHINGTON,DC20004
32-0410036 		INVESTMENTS DE CORAL LIVING II LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded -75,865 15,802,800   No 0   No 83.98 %
(34) CORAL SENIOR HOUSING III LLC

1275 PENNSYLVANIA AVENUE NORTH WEST
2ND FLOOR
WASHINGTON,DC20004
38-3931197 		INVESTMENTS DE CORAL LIVING III LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded -294,974 68,136,700   No 0   No 83.98 %
(35) CORAL SENIOR HOUSING IV LLC

1275 PENNSYLVANIA AVENUE NORTH WEST
2ND FLOOR
WASHINGTON,DC20004
81-4574488 		INVESTMENTS DE CORAL LIVING III LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded 393,401 78,499,565   No 0   No 83.98 %
(36) CROWN 144 FULTON LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
47-3233984 		INVESTMENTS DE 144 FULTON MMEE JV LLC
  		Excluded 2,852,341 0   No 0   No 64.84 %
(37) CROWN ATLANTIC INTL OLIVE LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
47-1830643 		INVESTMENTS DE CROWN ATLANTIC RETAIL I LLC (CROWN ATLANTIC RETAIL LLC)
  		Excluded 6,821,260 0   No 0   No 69.4 %
(38) CROWN ATLANTIC RETAIL II LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
36-4806500 		INVESTMENTS DE ATLANTIC URBAN RETAIL INC
  		Excluded -794,825 20,702,527   No 0   No 75.02 %
(39) CROWN ATLANTIC RETAIL LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
46-1605646 		INVESTMENTS DE ATLANTIC URBAN RETAIL INC
  		Excluded 7,725,441 39,193,762   No 0   No 75.02 %
(40) CROWN ICS 5TH ACQUISITIONS LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
47-1827246 		INVESTMENTS DE ATLANTIC URBAN RETAIL INC
  		Excluded -1,404,642 8,798,203   No 0   No 51.12 %
(41) CROWN SRP LLC

C/O CROWN ACQUISITIONS INC
667 MADISON AVENUE 12TH FLOOR
NEW YORK,NY10065
47-2106149 		INVESTMENTS DE ATLANTIC URBAN RETAIL INC
  		Excluded -5,174 155   No 0   No 67.52 %
(42) CURIOSITY GROUP OPPORTUNITY ONE LP

2750 SAND HILL ROAD
MENLO PARK,CA94025
93-2476055 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 3 3,797,815   No 0   No 50 %
(43) CVI CHVF LP

1601 UTICA AVENUE SOUTH
SUITE 1000
ST LOUIS PARK,MN55416
80-0941373 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 538,881 12,708,966   No -162,788   No 100 %
(44) CVI CHVF LUX SECURITIES SARL

1601 UTICA AVENUE SOUTH
SUITE 1000
ST LOUIS PARK,MN55416
98-1120470 		INVESTMENTS   CVI CHVF LUX MASTER SARL
  		Excluded 23,687 866,012   No 0   No 100 %
(45) CVI CHVF MASTER FUND II LP

1601 UTICA AVENUE SOUTH
SUITE 1000
ST LOUIS PARK,MN55416
32-0415499 		INVESTMENTS DE CVI CHVF LP
  		Excluded       No 0   No 100 %
(46) DECHENG CAPITAL GLOBAL LIFE SCIENCES FUND V-A LP

PO BOX 309 GEORGE TOWN
GRAND CAYMAN   KY11104
CJ
98-1793960 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 4,784,377   No 0   No 97.1 %
(47) DOUGLASBAY CAPITAL III FUND (CO-INVESTMENT ACCOUNT NO 1) LP

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 229,297 92,833,588   No -516,184   No 80.22 %
(48) DOUGLASBAY CAPITAL IV FUND LP

2ND FLOOR GASPE HOUSE
ST HELIER   JE11GH
JE
98-1718388 		INVESTMENTS JE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 1,229,250 72,826,720   No -690,020   No 50.94 %
(49) ELLIPSIS PARTNERS LLC

 
 
83-3308875 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 53,166,258 320,251,859   No 0   No 99.97 %
(50) EPIRIS FUND II CO-INVESTMENT (A) LP

IFC 6 THE ESPLANADE
ST HELIER   JE40QH
JE
98-1455895 		INVESTMENTS JE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 14,439,849   No 0   No 62.16 %
(51) EVOLUTION CREDIT OPPORTUNITY FUND II (PARALLEL A) LP

28 STATE STREET 28TH FLOOR
BOSTON,MA02109
87-2877372 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 8,326,380 85,422,066   No -9,370   No 90.32 %
(52) G GROWTH PARTNERS LP

245 FIFTH AVENUE
SUITE 1102
NEW YORK,NY10016
87-2575541 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 3,233,257   No 0   No 61.54 %
(53) GBE INVESTMENTS LP

MAPLES CORPORATE SERVICES LTD
PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ BLUE MARBLE HOLDINGS CORP
  		Excluded -441,030 6,020,402   No     No 98.9 %
(54) GERRITY ATLANTIC RETAIL PARTNERS LLC

973 LOMAS SANTA FE DRIVE
SOLANA BEACH,CA92075
27-4257497 		INVESTMENTS DE ATLANTIC RETAIL WEST LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded 0 0   No 0   No 82.95 %
(55) HAMPDEN INSURANCE PARTNERS I LP

C/O MOURANT OZANNES CORP SER
94 SOLARIS AVE CAMANA BAY PO BOX
  GRAND CAYMANKY11108
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 8,655,415 16,860,583   No 0   No 100 %
(56) HARVARD GLOBAL SERVICES INDIA LLP

404 ZEE SQUARE MG ROAD
OPP BANK OF BARODA
MUMBAI,MAHARASHTRA400057
IN
RESEARCH IN HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
  		Excluded       No     No 99.99 %
(57) HB INSTITUTIONAL LIMITED PARTNERSHIP

10 ST JAMES AVE STE 1700
BOSTON,MA02116
04-3425685 		INVESTMENTS MA HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 27,747,465 234,346,273   No     No 98.87 %
(58) HLS SPV LLC

40 WEST 57TH STREET
24TH FLOOR
NEW YORK,NY10019
47-2205984 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 2,505,062 6,547,959   No 0   No 99.97 %
(59) HMC JUWEEL HOLDINGS LP

MAPLES CORPORATE SERVICES LTD
PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1196430 		INVESTMENTS CJ HMC JUWEEL INVESTORS LP
  		Excluded 0 14,713,478   No 0   No 100 %
(60) HORSLEY BRIDGE SPV II LP

140 NEW MONTGOMERY STREET
16TH FLOOR
SAN FRANCISCO,CA94105
85-3774963 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 416,351 38,318,616   No 0   No 57.12 %
(61) IBEX VENTURE LIMITED

UNIT 2502 ONE HENNESSY
1 HENNESSY ROAD
WAN CHAI    
HK
98-1583805 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 24 4,994,180   No 0   No 50 %
(62) INITIALIZED FG SPV LLC

464 TEHAMA STREET
SAN FRANCISCO,CA94103
87-1269799 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 21,555,416   No 0   No 100 %
(63) INITIALIZED PA SPV LLC

464 TEHAMA STREET
SAN FRANCISCO,CA94103
87-2934502 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 20,062,522   No 0   No 97.56 %
(64) INTERNET ECONOMY HOLDINGS III LLC

1140 3RD ST NE 2ND FL
WASHINGTON,DC20002
83-2567678 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 0   No 0   No 99.23 %
(65) IRON POINT CO-INVESTMENT I LLC

201 MAIN STREET SUITE 2300
FORT WORTH,TX76102
45-4748900 		INVESTMENTS DE ATLANTIC T5 HOLDINGS LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded 0 0   No 0   No 60.77 %
(66) ISLAND C-III ATLANTIC HOLDINGS LLC

300 N MAIN STREET SUITE 402
GREENVILLE,SC29601
47-1180960 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Unrelated -152,371 1,443,588   No -239,141   No 100 %
(67) JUS BG I - MASTER LP

3500 S DUPONT HIGHWAY
DOVER,DE19901
46-2781217 		INVESTMENTS DE JUS BG I - FEEDER LP
  		Excluded 3,308,390 603,991   No     No 100 %
(68) KINDRED PAI LP

660 4TH STREET
SUITE 656
SAN FRANCISCO,CA94107
33-1861993 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 12,095,315   No 0   No 93.39 %
(69) L-A SATURN ACQUISITION LP

C/O MAPLES FIDUCIARY SERVICES INC
WILMINGTON,DE19807
30-0825127 		INVESTMENTS DE ATLANTIC US REAL ESTATE LLC
  		Excluded 0 0   No 0   No 55.37 %
(70) LEFT LANE CAPITAL PARTNERS CO-INVEST LP (SERIES G)

10 GRAND STREET
21ST FLOOR
BROOKLYN,NY11249
87-4012238 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 11,245,018   No 0   No 100 %
(71) LEFT LANE CAPITAL PARTNERS CO-INVEST LP (SERIES T)

10 GRAND STREET
21ST FLOOR
BROOKLYN,NY11249
87-3422481 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0     No 0   No 99.78 %
(72) LMA RESEARCH COMPLEX PRIMARY CONDOMINIUM ASSOCIATION LLC

181 A LONGWOOD AVENUE
BOSTON,MA02116
83-0816425 		REAL ESTATE MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Excluded 0 0   No     No 64.2 %
(73) LUBERT-ADLERLARAMAR URBAN NEIGHBORHOOD CAPITAL FUND LP

3284 NORTHSIDE PARKWAY NW SUITE 57
ATLANTA,GA30327
61-1804548 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Unrelated -1,765,523 21,497,042   No -1,119,894   No 50 %
(74) MAP INSTITUTIONAL LLC 800 SERIES

3801 PGA BOULEVARD SUITE 604
PALM BEACH GARDENS,FL33410
85-3060397 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 4,417,071 52,614,112   No 0   No 100 %
(75) MAP INSTITUTIONAL LLC 803 SERIES

3801 PGA BOULEVARD SUITE 604
PALM BEACH GARDENS,FL33410
86-3473452 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded -3,021,459 68,391,726   No 0   No 100 %
(76) MAP INSTITUTIONAL LLC 804 SERIES

3801 PGA BOULEVARD SUITE 604
PALM BEACH GARDENS,FL33410
92-2881448 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded -674,460 218,135,966   No 0   No 100 %
(77) MCR HOSPITALITY FUND IV LP

3200 OLYMPUS BOULEVARD SUITE 400
DALLAS,TX75019
92-0600825 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 752,091 73,360,313   No 0   No 51.37 %
(78) MCR OPPORTUNITY FUND I REIT HOLDINGS LLC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
85-2064624 		INVESTMENTS DE MCR OPPORTUNITY FUND I REIT LLC
  		Excluded       No 0   No 62.52 %
(79) MCR OPPORTUNITY FUND I LP

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
85-1650579 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 23,408 77,564,336   No 0   No 62.52 %
(80) MCROPP COINVEST LP

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
86-2916579 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 282,739 66,058,931   No 0   No 100 %
(81) MCROPP NEW YORK LEX REIT HOLDINGS LLC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
87-1432775 		INVESTMENTS DE MCROPP NEW YORK LEX REIT LLC
  		Excluded       No     No 62.52 %
(82) MOUNTAIN CAPITAL PARTNERS NPI LP

811 LOUISIANA STREET SUITE 2600
HOUSTON,TX77002
81-0788984 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded -29,073,045 179,296,869   No 2,515,999   No 73.73 %
(83) NORTH PEAK SPECIAL OPPORTUNITY PARTNERS III LLC

405 LEXINGTON AVENUE
SUITE 5001
NEW YORK,NY10174
85-1854538 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 435,168 24,278,314   No 0   No 65.76 %
(84) OAK-MOSSER LLC

220 MONTGOMERY STREET 20TH FLOOR
SAN FRANCISCO,CA94104
81-3349445 		INVESTMENTS DE ATLANTIC OAK LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded -106,904 882,995   No 0   No 78.49 %
(85) OMNI BRIDGEWAY (FUND 4) HPCR LP

437 MADISON AVENUE 19TH FLOOR
NEW YORK,NY10022
83-2788960 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Unrelated 5,746,688 61,521,116   No 5,597,397   No 99.8 %
(86) PACIFIC DC HOLDINGS LP

400 MADISON AVENUE
SUITE 16A
NEW YORK,NY10017
33-1322958 		INVESTMENTS MA HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 489,639 50,482,129   No 0   No 100 %
(87) QTH FUND LLC

2170 BUCKTHORNE PLACE
SUITE 320
THE WOODLANDS,TX77380
84-3958423 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 12,842,017 355,123,053   No 0   No 100 %
(88) QUID CAPITAL FEEDER FUND A LLC

100 WILSHIRE BLVD STE 1830
SANTA MONICA,CA90401
85-3462215 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 3,979,443 55,578,250   No 0   No 51.21 %
(89) REALTERM EUROPE LOGISTICS FUND SCSP

6 RUE DICKS
LUXEMBOURG   L1417
LU
98-1515046 		INVESTMENTS LU HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 742,734 106,478,190   No 0   No 53 %
(90) RECOGNIZE PARTNERS CHEETAH LP

540 MADISON AVENUE
2ND FLOOR
NEW YORK,NY10022
98-1564111 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 28,797,436   No 0   No 94.44 %
(91) RUBRIC LONG TERM OPPORTUNITIES ONSHORE FUND

155 E 44TH ST SUITE 1630
NEW YORK,NY10017
99-3055766 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 3,759 12,694,632   No 0   No 64.68 %
(92) S GROWTH PARTNERS II LP

245 FIFTH AVENUE
SUITE 1102
NEW YORK,NY10016
87-4108170 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 664,379 9,769,801   No 0   No 100 %
(93) S GROWTH PARTNERS LP

245 FIFTH AVENUE
SUITE 1102
NEW YORK,NY10016
85-3940206 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 831,856 4,685,367   No 0   No 52.63 %
(94) STRATEGY CAPITAL INSTITUTIONAL INVESTORS LP

1 FIRST STREET
SUITE 13
LOS ALTOS,CA94022
84-2015871 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 4,709,899 264,041,086   No 0   No 60.25 %
(95) TDC ATLANTIC HOLDINGS LLC

5130 SOUTH ALSTON AVENUE SUITE 210
DURHAM,NC27713
47-5340743 		INVESTMENTS DE ATLANTIC SE OFFICE LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded -105,521 0   No 0   No 80.51 %
(96) TIGF II DIRECT STRATEGIES LLC - SERIES 4

250 UNIVERSITY AVE
SUITE 300
PALO ALTO,CA94301
99-1951050 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 5,004,819   No 0   No 55.56 %
(97) TR GROWTH PARTNERS LP

245 FIFTH AVENUE
SUITE 1102
NEW YORK,NY10016
99-3815714 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 0 7,948,176   No 0   No 100 %
(98) UNICORN ENTERPRISE SELECT FUND II LP

UNIT 2502 ONE HENNESSY
1 HENNESSY ROAD
WANCHAI    
HK
98-1659889 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded 22,944 12,057,742   No 0   No 90.91 %
(99) UNICORN ENTERPRISE SELECT FUND LP

UNIT 2502 ONE HENNESSY
1 HENNESSY ROAD
WANCHAI    
HK
98-1584035 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		Excluded -37,630 4,640,289   No 0   No 90.91 %
(100) USRA ATLANTIC CAPITAL INVESTOR LLC

C/O US REALTY ADVISORS LLC
1370 AVE OF THE AMERICAS
NEW YORK,NY10019
82-3726933 		INVESTMENTS DE ATLANTIC NET LEASE INVESTOR LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded -241,158 3,343,455   No 0   No 70.54 %
(101) USRA ATLANTIC CAPITAL PARTNERS LLC

C/O US REALTY ADVISORS LLC
1370 AVE OF THE AMERICAS
NEW YORK,NY10019
45-2686195 		INVESTMENTS DE ATLANTIC NET LEASE INVESTOR LLC (ATLANTIC US REAL ESTATE LLC)
  		Excluded -391,425 5,548,290   No 0   No 84.4 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) 365 CHURCH STREET LIMITED PARTNERSHIP

4711 YONGE STREET SUITE 1400
TORONTO,ONM2N7E4
CA
INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 17,425 151,806 50 % Yes  
(2) ADELAIDE-PETER DEVELOPMENTS

4711 YONGE STREET SUITE 1400
TORONTO,ONM2N7E4
CA
98-0684328 		INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 0 137,434 50 % Yes  
(3) ADMIRAL CAPITAL PARTNERS OFFSHORE FUND LTD

C/O MOURANT GOVERNANECE SERV CJ
PO BOX 1348
CAMANA BAY,GRAND CAYMANKY11108
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 20,742,555 77,934,370 100 % Yes  
(4) ALTIMETER LONG OPPORTUNITIES OFFSHORE LP

C/O WALKERS CORP LTD 190 ELGIN AVE
GEORGE TOWN,GRAND CAYMANKY19008
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     99.91 % Yes  
(5) AR LEGACY REIT INC

11990 SAN VICENTE BOULEVARD
SUITE 200
LOS ANGELES,CA90049
81-5332102 		INVESTMENTS DE ATLANTIC REGENT HOLDINGS LLC
  		C Corporation -1,381,271 7,332,820 83.43 % Yes  
(6) ARA INC

C/O WALKERS SPV LTD PO BOX 908GT
87 MARY ST
GEORGE TOWN,GRAND CAYMAN  
CJ
98-0543813 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 26,370,978 0 100 % Yes  
(7) ATLANTIC DV HOLDINGS LTD

C/O MAPLES AND CALDER
PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1196247 		INVESTMENTS CJ ATLANTIC INTERNATIONAL REAL ESTATE LLC
  		C Corporation 0 0 100 % Yes  
(8) ATLANTIC GARNET FUNDING LTD

C/O MAPLES CORPORATE SERVICES LTD
PO BOX 309
  GRAND CAYMANKY11104
CJ
98-1493892 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 40,892,332 165,579,203 100 % Yes  
(9) ATLANTIC KING BLOCKER LIMITED

IFS COURT BANK ST TWENTY-EIGHT
CYBER CITY
EBENE   72201
MP
98-1461264 		INVESTMENTS MP HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 0 26,352 100 % Yes  
(10) ATLANTIC REGENT REIT INC

11990 SAN VICENTE BOULEVARD
SUITE 200
LOS ANGELES,CA90049
32-0464661 		INVESTMENTS DE ATLANTIC REGENT HOLDINGS LLC
  		C Corporation -526,586 2,603,809 83.43 % Yes  
(11) ATLANTIC TORONTO 365 CHURCH STREET GENERAL PARTNER INC

1066 WEST HASTINGS ST
SUITE 2600
VANCOUVER,BCV6E3X1
CA
INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 0 2 99.99 % Yes  
(12) ATLANTIC TORONTO A-P GENERAL PARTNER INC

1066 WEST HASTINGS ST
SUITE 2600
VANCOUVER,BCV6E3X1
CA
98-0668180 		INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 0 1 99.99 % Yes  
(13) ATLANTIC TORONTO GRENVILLE GENERAL PARTNER INC

1066 WEST HASTINGS ST
SUITE 2600
VANCOUVER,BCV6E3X1
CA
INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 0 2 99.99 % Yes  
(14) ATLANTIC TORONTO HOLDINGS INC

1066 WEST HASTINGS ST
SUITE 2600
VANCOUVER,BCV6E3X1
CA
98-0668178 		INVESTMENTS CA ATLANTIC TORONTO LP
  		C Corporation 0 484,582 99.99 % Yes  
(15) ATLANTIC URBAN RETAIL INC

C/O BAIN CAPITAL REAL ESTATE LP
200 CLARENDON ST 41ST FLOOR
BOSTON,MA02116
32-6261983 		INVESTMENTS DE ATLANTIC URBAN RETAIL HOLDINGS LLC (ATLANTIC US REAL ESTATE LLC)
  		C Corporation 4,270,184 22,871,692 84.4 % Yes  
(16) BAIN CAPITAL SPECIAL SITUATIONS EUROPE (A) LP

MAPLES CORP SVCS LTD UGLAND HOUSE
PO BOX 309 GEORGE TOWN
  GRAND CAYMANKY11104
CJ
98-1422541 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     95.78 % Yes  
(17) BAIN CAPITAL SPECIAL SITUATIONS EUROPE II (A) LP

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1608801 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation   5,329,665 87.12 % Yes  
(18) BAINBRIDGE CC URBANA APARTMENTS REIT INC

12765 WEST FOREST HILL BLVD
SUITE 1307
WELLINGTON,FL33414
47-1171921 		INVESTMENTS DE BAINBRIDGE CC URBANA APARTMENTS LLC
  		C Corporation 1,872,766 1,299,570 74.44 % Yes  
(19) BCC CAMBRIDGE (CAYMAN GP LOANS) LP

MAPLES CORP SERVICES LTD
PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-1495663 		INVESTMENTS CJ LUXCO LENDING FUND II SARL
  		C Corporation 220,153 1,507,005 100 % Yes  
(20) BCC CAMBRIDGE (CAYMAN GP REVOLVERS) LP

MAPLES CORP SERVICES LTD
PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-1495639 		INVESTMENTS CJ LUXCO LENDING FUND II SARL
  		C Corporation 69,484 143,583 100 % Yes  
(21) BLACK KITE PTY LTD

C/O DLA PHILIPS FOX
LEVEL 38 201 ELIZABETH ST
SYDNEY   NSW2000
AS
INVESTMENTS AS BLUE MARBLE HOLDINGS CORP
  		C Corporation 0 0 100 % Yes  
(22) BLACK KITE TRUST

C/O DLA PHILIPS FOX
LEVEL 38 201 ELIZABETH ST
SYDNEY   NSW2000
AS
98-6063158 		INVESTMENTS AS SWT LP
  		C Corporation 0 0 100 % Yes  
(23) BLC FUND B LP

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1251361 		INVESTMENTS CJ ITAY LLC
  		C Corporation -20,138,930 177,233,325 71.26 % Yes  
(24) BLC II FUND B LP

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-1386349 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     52.85 % Yes  
(25) BLUE ATLANTIC INVESTORS II INC

353 NORTH CLARK STREET SUITE 730
CHICAGO,IL60654
46-1452116 		INVESTMENTS DE BLUE ATLANTIC ACQUISITION GROUP II LLC
  		C Corporation -2,302,321 47,459,130 82.71 % Yes  
(26) BLUE ATLANTIC SHUTTLE II LLC

353 NORTH CLARK STREET SUITE 730
CHICAGO,IL60654
36-4851337 		INVESTMENTS DE BLUE ATLANTIC INVESTORS II INC
  		C Corporation 0 0 82.71 % Yes  
(27) BOULDER HILL TOTAL RETURN OFFSHORE INVESTORS LTD

888 SEVENTH AVENUE
21ST FLOOR
NEW YORK,NY10106
98-1587968 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 15,431,609 0 100 % Yes  
(28) BRODIAEA INC

444 HIGUERA STREET SUITE 202
SAN LUIS OBISPO,CA93401
90-0862085 		INVESTMENTS DE BELLUM LLC
  		C Corporation 0 58,205,355 100 % Yes  
(29) CALEDONIA CONCENTRATED FUND LP

650 MADISON AVE 24TH FLOOR
NEW YORK,NY10022
98-1422273 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 64,925,432 136,927,975 100 % Yes  
(30) CC VII HOLDINGS LLC

IFS COURT BANK STREET TWENTY EIGH
CYBER CITY
EBENE   72201
MP
98-1361217 		INVESTMENTS MP HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     52.66 % Yes  
(31) CENTRO HARVARD DAVID ROCKEFELLER PARA ESTUDIOS LATINOAMERICANOS AC

AV UNIVERSIDAD 1627
COL HACIENDA DE GUADALUPE
MEXICO CITY   01050
MX
FACULTY AND STUDENT ACTIVITIES MX PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation     100 % Yes  
(32) CHARITABLE LEAD TRUSTS (37)

 
 
CHARITABLE TRUST MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Trust 0 0 0 % Yes  
(33) CHARITABLE REMAINDER TRUSTS (717)

 
 
CHARITABLE TRUST MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Trust 0 0 0 % Yes  
(34) CLIFTON HERITAGE I SG HOLDINGSD PTE LTD

3 TEMASEK AVENUE
33-02 CENTENNIAL TOWER
    39190
SN
INVESTMENTS SN HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 2,365,924 20,146,726 52.11 % Yes  
(35) CLIFTON HERITAGE PARTNERS 1 LP

3 TEMASEK AVENUE
33-02 CENTENNIAL TOWER
    39190
SN
INVESTMENTS SN HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 1,597,506 20,176,455 52.11 % Yes  
(36) COPAYAPU SPA

2939 AVENIDA ISIDORA GOYENECHEA
11TH FL
LAS CONDES,SANTIAGO  
CI
98-1112517 		INVESTMENTS CI PALPANA LLC
  		C Corporation 0 0 100 % Yes  
(37) CSH PROGRAM REIT II INC

1275 PENNSYLVANIA AVENUE NORTH WEST
2ND FLOOR
WASHINGTON,DC20004
30-0783361 		INVESTMENTS DE CSH SENIOR HOUSING II LLC
  		C Corporation -15,057 259 83.98 % Yes  
(38) CSH PROGRAM REIT III INC

1275 PENNSYLVANIA AVENUE NORTH WEST
2ND FLOOR
WASHINGTON,DC20004
47-0981643 		INVESTMENTS DE CSH SENIOR HOUSING III LLC
  		C Corporation -2,719,264 20,689,927 83.98 % Yes  
(39) CSH PROGRAM REIT IV INC

1275 PENNSYLVANIA AVENUE NORTH WEST
2ND FLOOR
WASHINGTON,DC20004
81-4646057 		INVESTMENTS DE CORAL SENIOR HOUSING IV LLC
  		C Corporation 55,859 65,488,616 83.98 % Yes  
(40) CSH TRS HOLDING IV LLC

1275 PENNSYLVANIA AVENUE NORTH WEST
2ND FLOOR
WASHINGTON,DC20004
35-2508708 		INVESTMENTS DE CSH PROGRAM REIT III INC
  		C Corporation -2,041,998 592,404 83.98 % Yes  
(41) CSH TRS HOLDING V LLC

1275 PENNSYLVANIA AVENUE NORTH WEST
2ND FLOOR
WASHINGTON,DC20004
81-5203398 		INVESTMENTS DE CSH PROGRAM REIT IV INC
  		C Corporation -2,392,006 8,262,582 83.98 % Yes  
(42) CVI CHVF LUX FINANCE SARL

11-13 BOULEVARD DE LA FOIRE
LUXEMBOURG   L1528
LU
98-1120658 		INVESTMENTS LU CVI CHVF LUX MASTER SARL
  		C Corporation -132 8,567 100 % Yes  
(43) CVI CHVF LUX MASTER SARL

11-13 BOULEVARD DE LA FOIRE
LUXEMBOURG   L1528
LU
98-1120305 		INVESTMENTS LU CVI CHVF LUX SUB HOLDINGS SARL
  		C Corporation 274,586 2,790,795 100 % Yes  
(44) DAIRY FARMS PARTNERSHIP

113 RUTHERFORD RD PUKEKOHE E
POB 553
PUKEKOHE    
NZ
98-0594944 		INVESTMENTS NZ DF1 LTD
  		C Corporation 0 0 100 % Yes  
(45) EASTERN ROSELLA TRUST

LEVEL 25 20 BOND STREET
SYDNEY   NSW2000
AS
98-1131698 		INVESTMENTS AS GREEN ROSELLA TRUST
  		C Corporation 0 0 100 % Yes  
(46) ECO CEBACO SA

CALLE 52 Y ELVIRA MENDEZ
PO BOX 0816-06805
PM
INVESTMENTS PM NICATECA INC
  		C Corporation 673,637 28,622,610 100 % Yes  
(47) EL MARIA SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -1,752 505,281 100 % Yes  
(48) EMERALD CATASTROPHE FUND LTD

C/O NEPHILA CAPITAL LTD
3FL W 31 VICTORIA ST
HAMILTON   0HM10
BD
98-1194784 		INVESTMENTS BD HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 769,959 4,995,369 100 % Yes  
(49) EVOLUTION CREDIT PARTNERS I SLP LLC

C/O CO SERVICES CAYMAN LTD
WILLOW HOUSE CRICKET SQUARE
GRAND CAYMAN   KY11001
CJ
98-1427934 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation -281,308 310,602 100 % Yes  
(50) FLAMENCO SPA

2939 AVENIDA ISIDORA GOYENECHEA
11TH FL
LAS CONDES,SANTIAGO  
CI
98-1120387 		INVESTMENTS CI COPAYAPU SPA
  		C Corporation 0 0 100 % Yes  
(51) FLORESTAS DO SUL AGROFLORESTAL LTDA

AV CARLOS GOMES 1200 SALA 502
AUXILIADORA
CENTRO,RIO GRANDE DO SUL90480001
BR
98-0493906 		INVESTMENTS BR CATTLEYA LLC
  		C Corporation -1,211,189 3,220,893 100 % Yes  
(52) FRIENDS OF HARVARD HONG KONG TRUST

114 MOUNT AUBURN ST 5TH FL
CAMBRIDGE    
HK
47-7237666 		TRUST FOR CONTRIBUTIONS HK HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
  		Trust 15,946,470   100 % Yes  
(53) FRIENDS OF HARVARD UNIVERSITY

C/O CDS 1 MULGRAVE CHAMBERS
26-28 MULGRAVE ROAD
SUTTON   SM26LE
UK
TRUST FOR CONTRIBUTIONS UK HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
  		Trust 0 0 100 % Yes  
(54) GATEWAY REAL ESTATE FUND III - TE LP

CRICKET SQUARE HUTCHINS DRIVE
PO BOX 2681
GRAND CAYMAN   KY11111
CJ
98-0669480 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -773,546 2,067,222 64.93 % Yes  
(55) GAVEA INVESTMENT FUND II B LP

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-0537951 		INVESTMENTS CA HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 171,000 1,231,000 100 % Yes  
(56) GBE INVESTMENTS LIMITED

MAPLES CORPORATE SERVICES LTD
PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LP
  		C Corporation -63,048 60,315 98.9 % Yes  
(57) GERRITY ATLANTIC RETAIL PARTNERS INC

973 LOMAS SANTA FE DRIVE
SOLANA BEACH,CA92075
27-4802513 		INVESTMENTS DE GERRITY ATLANTIC RETAIL PARTNERS LLC
  		C Corporation 0 0 82.95 % Yes  
(58) GERRITY RETAIL FUND 2 INC

973 LOMAS SANTA FE DRIVE
SOLANA BEACH,CA92075
46-4417545 		INVESTMENTS DE GERRITY ATLANTIC RETAIL PARTNERS LLC
  		C Corporation -2,890,101 355,721,282 82.95 % Yes  
(59) GREEN ROSELLA TRUST

LEVEL 25 20 BOND STREET
SYDNEY   NSW2000
AS
98-1126908 		INVESTMENTS AS ROSELLA LTD
  		C Corporation 0 0 100 % Yes  
(60) GUANARE AARL

MONES ROSES 6937
MONTEVIDEO   11000
UY
98-0641951 		INVESTMENTS UY PHEMUS CORPORATION
  		C Corporation 0 0 100 % Yes  
(61) GUANARE SA

JUNCAL 1327 FLOOR 22
MONTEVIDEO   11000
UY
INVESTMENTS UY PHEMUS CORPORATION
  		C Corporation 0 0 100 % Yes  
(62) HARBOUR OFFSHORE FUND IV LP

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1414548 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     56.7 % Yes  
(63) HARBOUR OFFSHORE FUND V LP

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1538699 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     62.1 % Yes  
(64) HARSPRING CAPITAL OFFSHORE LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 18,508,230 43,402,822 100 % Yes  
(65) HARVARD BUSINESS SCHOOL PUBLISHING ASIA PACIFIC LTD

18 CROSS STREET
14-01 CROSS STREET EXCHANGE
SN
SALES SUPPORT SN HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 2,823,686 1,344,937 100 % Yes  
(66) HARVARD BUSINESS SCHOOL PUBLISHING AUSTRALIA PTY LTD

C/O PWC ONE INTERNATIONAL TOWERS
WATERMANS QUAY,BARANGAROONSW2000
AS
SALES SUPPORT AS HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 929,253 628,277 100 % Yes  
(67) HARVARD BUSINESS SCHOOL PUBLISHING DE MEXICO SA DE CV

BOSQUE DE CIRUELOS 180 PP101
BOSQUES DE LAS LOMAS DEL MIGUEL HILDALGO    
MX
SALES SUPPORT MX HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 1,944,152 765,782 99.99 % Yes  
(68) HARVARD BUSINESS SCHOOL PUBLISHING EUROPE LTD

2 NEW BAILEY 6 STANLEY STREET
SALFORD    
UK
SALES SUPPORT UK HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 8,305,651 4,889,141 100 % Yes  
(69) HARVARD BUSINESS SCHOOL PUBLISHING FRANCE SAS

23 RUE DU ROULE
PARIS    
FR
SALES SUPPORT FR HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 1,727,587 1,342,300 100 % Yes  
(70) HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD

DEXTRUS OFFICE NO W05 PENINSULA
MUMBAI   400013
IN
PUBLISHING SUPPORT IN HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 5,739,086 4,356,903 99.99 % Yes  
(71) HARVARD CENTER SHANGHAI CO LTD

5TH FL INTL FIN CTR 8 CENT AVE
SHANGHAI   200120
CH
RESEARCH SUPPORT/LOGISTICAL SUPPORT FOR EVENTS CH HARVARD INTERNATIONAL LLC
  		C Corporation 286,416 7,202,402 100 % Yes  
(72) HARVARD GLOBAL RESEARCH SUPPORT CENTRE IRELAND DAC

10 EARLSFORT TERRACE
DUBLIN   D02T380
EI
GDPR REPRESENTATION EI HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
  		C Corporation     100 % Yes  
(73) HARVARD UNIVERSITY PRESS LTD

8 COLDBATH SQUARE
LONDON   EC1R5HL
UK
BOOK DISTRIBUTION UK PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation 0 0 69.86 % Yes  
(74) HB CAYMAN LIMITED

PO BOX 309 GT
  GRAND CAYMANBWICJ
CJ
INVESTMENTS CJ HB INSTITUTIONAL LP
  		C Corporation     97.75 % Yes  
(75) HH HR INVESTMENT LP

190 ELGIN AVENUE
GEORGE TOWN
  GRAND CAYMANKY11104
CJ
98-1642951 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 347 25,883,924 100 % Yes  
(76) HIP BERMUDA REINSURANCE I LIMITED

141 FRONT STREET 3RD FLOOR
HAMILTON   0HM11
BD
INVESTMENTS BD HAMPDEN INSURANCE PARTNERS I LP
  		C Corporation     93 % Yes  
(77) HITE HEDGE OFFSHORE LTD

C/O WALKERS CORP LTD
27 HOSPITAL ROAD
GEORGE TOWN,GRAND CAYMANKY19008
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     53.4 % Yes  
(78) HMC BEEFEATER INC

350 MADISON AVENUE 8TH FL
NEW YORK,NY10017
82-0888543 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 2,001,629 0 100 % Yes  
(79) HMC JUWEEL INVESTORS LP

C/O MAPLES CORPORATE SERVICES LTD
PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1196788 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 0 22,343,030 100 % Yes  
(80) HUNTER PATTON LTD

C/O MAPLES CORP SVCS PO BOX 30
UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1395917 		INVESTMENTS CJ PRESIDENT & FELLOWS OF HARVARD COLLEGE
  		C Corporation 0 0 100 % Yes  
(81) INVERSIONES CATIVAL SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -1,397 197,786 100 % Yes  
(82) INVERSIONES SANTA RITA SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -6,867 1,638,423 100 % Yes  
(83) INVERSIONES TRES CUMBRES LTDA

AVENIDA VITACURA N 5093
OFICINA 601
VITACURA,SANTIAGO  
CI
98-0446986 		INVESTMENTS CI PHEMUS CORPORATION
  		C Corporation 0 0 100 % Yes  
(84) JADE RETAIL INC

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1401548 		INVESTMENTS CJ PEARL RETAIL LLC (ATLANTIC US REAL ESTATE LLC)
  		C Corporation 0 0 84.4 % Yes  
(85) JUS BG I - FEEDER LP

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1018586 		INVESTMENTS CJ ITAY LLC
  		C Corporation -326,309 571,522 100 % Yes  
(86) KEPOS CARBON ALLOWANCE FUND LTD

MAPLES CORP SERVICES LTD
PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     52.79 % Yes  
(87) LA JACARANDA SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -1,581 58,504 100 % Yes  
(88) LA MORA SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -6,330 579,500 100 % Yes  
(89) LA ZARZA SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -74,455 2,964,646 100 % Yes  
(90) LAS ACACIAS SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -2,289 44,055 100 % Yes  
(91) LCM GLOBAL ALTERNATIVE RETURNS FEEDER FUND II LP

WHITELEY CHAMBERS DON STREET
ST HELIER   JE24TR
JE
98-1626267 		INVESTMENTS JE HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 0   50.52 % Yes  
(92) LCM GLOBAL ALTERNATIVE RETURNS FEEDER FUND LP

 
 
98-1529383 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     68.7 % Yes  
(93) LIFETIME CENTRECOURT GRENVILLE LIMITED PARTNERSHIP

22 ST CLAIR AVENUE EAST
SUITE 1010
TORONTO,ONM4T2S3
CA
98-0684331 		INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 0 195,340 50 % Yes  
(94) LOS ARRAYANES SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -1,796 929 100 % Yes  
(95) LOS LAURELES SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -1,292 337,105 100 % Yes  
(96) LUXCO LENDING FUND II SARL

6D ROUTE DE TREVES
SENNINGERBERG   L2633
LU
INVESTMENTS LU HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 62,854,159 57,899,506 100 % Yes  
(97) MAN FUNDS IX SPC - MAN INSITITUTIONAL PORTFOLIO AQUILA SP

MAPLES CORPORATE SERVICES LIMITED
PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation -10,354,668 201,232,066 100 % Yes  
(98) MAP 850 SP

190 ELGIN AVENUE
GEORGE TOWN,GRAND CAYMANKY19008
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 20,480,821 298,282,524 100 % Yes  
(99) MAP INSTITUTIONAL SPC - MAP 851 SP (BERYL CAPITAL)

190 ELGIN AVENUE
GEORGE TOWN   KY19008
CJ
INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -133,497 54,406,504 100 % Yes  
(100) MAP INSTITUTIONAL SPC - MAP 852 SP (SPRUCE STREET SMA)

190 ELGIN AVENUE
GEORGE TOWN   KY19008
CJ
INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 5,772,711 35,775,675 100 % Yes  
(101) MAP INSTITUTIONAL SPC - MAP 853 SP (LIGHT STREET PHOTON SMA)

190 ELGIN AVENUE
GEORGE TOWN   KY19008
CJ
INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 1,513,614 57,864,787 100 % Yes  
(102) MAP INSTITUTIONAL SPC - MAP 854 SP (SOURCEROCK OFFSHORE SMA)

190 ELGIN AVENUE
GEORGE TOWN   KY19008
CJ
INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -4,803,490 225,379,624 100 % Yes  
(103) MCR OPPORTUNITY FUND I REIT LLC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
85-2050139 		INVESTMENTS DE MCR OPPORTUNITY FUND I LP
  		C Corporation     62.52 % Yes  
(104) MCR OPPORTUNITY FUND I TRS LLC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
85-2094881 		INVESTMENTS DE MCR OPPORTUNITY FUND I REIT HOLDINGS LLC
  		C Corporation     62.52 % Yes  
(105) MCROPP COINVEST REIT I LLC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
86-2931195 		INVESTMENTS DE MCROPP COINVEST LP
  		C Corporation 1,522,893 4,083,634 100 % Yes  
(106) MCROPP COINVEST REIT I TRS LLC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
86-2968431 		INVESTMENTS DE MCROPP COINVEST LP
  		C Corporation 704 549,039 100 % Yes  
(107) MCROPP NEW YORK LEX COINVEST REIT LLC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
87-1410039 		INVESTMENTS DE MCROPP COINVEST LP
  		C Corporation 2,972,045 5,012,304 100 % Yes  
(108) MCROPP NEW YORK LEX REIT LLC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
87-1423955 		INVESTMENTS DE MCR OPPORTUNITY FUND I LP
  		C Corporation     62.52 % Yes  
(109) MIRABILIS SA

CALLE LAS BEGONIAS NO 475
DPTO 702
SAN ISIDORO,LIMA  
PE
INVESTMENTS PE PARFEN SA
  		C Corporation 0 0 99.99 % Yes  
(110) NICARAO I LTD

MAPLES CORPORATE SERVICES LTD
PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-0643167 		INVESTMENTS CJ NICARAO LTD
  		C Corporation 0 624,123 100 % Yes  
(111) NICARAO II LTD

MAPLES CORPORATE SERVICES LTD
PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-0643169 		INVESTMENTS CJ NICARAO LTD
  		C Corporation 0 624,123 100 % Yes  
(112) NICARAO LTD

MAPLES CORPORATE SERVICES LTD
PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-0643164 		INVESTMENTS CJ NICATECA INC
  		C Corporation 0 30,307,924 100 % Yes  
(113) NICATECA INC

C/O WALKERS SPV LTD
WALKER HOUSE 87 MARY ST
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-0520487 		INVESTMENTS CJ PHEMUS CORPORATION
  		C Corporation -201,875 8,779,209 100 % Yes  
(114) NICATECA SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -12,484 1,734,453 100 % Yes  
(115) NOMINA (NO 1253) LIMITED

40 GRACECHURCH STREET 5TH FLOOR
LONDON   EC3V0BT
UK
INVESTMENTS UK HAMPDEN INSURANCE PARTNERS I LP
  		C Corporation     93 % Yes  
(116) NORTHERN ROSELLA TRUST

LEVEL 25 20 BOND STREET
SYDNEY   NSW2000
AS
98-6081350 		INVESTMENTS AS GREEN ROSELLA TRUST
  		C Corporation 0 0 100 % Yes  
(117) NUTEAK SA (FKA OPERA SA)

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation 229,705 24,005,857 100 % Yes  
(118) OPTII SOLUTIONS INC

3200 OLYMPUS BLVD SUITE 400
DALLAS,TX75019
87-3430942 		INVESTMENTS DE MCR OPPORTUNITY FUND I LP
  		C Corporation     62.52 % Yes  
(119) PARFEN SRL

JUNCAL 1392
MONTEVIDEO   11000
UY
INVESTMENTS UY AZARA LLC
  		C Corporation 0 0 100 % Yes  
(120) PEARL RETAIL INC

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1048757 		INVESTMENTS CJ PEARL RETAIL LLC (ATLANTIC US REAL ESTATE LLC)
  		C Corporation 0 345,565,182 84.4 % Yes  
(121) PINARES AARL

JUNCAL 1327 FLOOR 22
MONTEVIDEO   11000
UY
98-0641950 		INVESTMENTS UY PHEMUS CORPORATION
  		C Corporation 0 0 100 % Yes  
(122) POOLED INCOME FUNDS (3)

 
 
CHARITABLE TRUST MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Trust 0 0 100 % Yes  
(123) POTRERO INSTITUTIONAL FUND LTD

4TH FLOOR HARBOUR PLACE
103 SOUTH CHURCH STREET
GRAND CAYMAN   KY11002
CJ
98-1544994 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 6,632,255 154,697,257 100 % Yes  
(124) PULAR SPA

C/O ANINAT SCHWENCKE CIA AV
LOS CONQUISTADORES 1700 PISO 16
  SANTIAGO  
CI
INVESTMENTS CI COPAYAPU SPA
  		C Corporation 0 0 100 % Yes  
(125) RC IV CAYMAN ICW BLOCKER LLC

1180 PEACHTREE STREET NE
SUITE 2500
ATLANTA,GA30309
98-1643897 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 0   59.74 % Yes  
(126) RELF INVESTMENTS COOPERATIEF UA

ZUIDPLEIN 36
AMSTERDAM   1077XV
NL
98-1510059 		INVESTMENTS NL REALTERM EUROPE LOGISTICS FUND SCSP
  		C Corporation     53 % Yes  
(127) RETIREMENT PLAN TRUST FOR EMPLOYEES OF HARVARD UNIVERSITY

1033 MASS AVE 3RD FL
CAMBRIDGE,MA02138
04-2636388 		INVESTMENTS MA NA
  		Trust 0 763,355,787 100 % Yes  
(128) ROSELLA HOLD TC PTY LTD

LEVEL 25 20 BOND STREET
SYDNEY   NSW2000
AS
98-1126654 		INVESTMENTS AS ROSELLA LTD
  		C Corporation 0 0 100 % Yes  
(129) ROSELLA LTD

MAPLES CORPORATE SERVICES LTD
PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1120479 		INVESTMENTS CJ BLUE MARBLE HOLDINGS CORP
  		C Corporation 0 0 100 % Yes  
(130) ROSELLA SUB TC PTY LTD

LEVEL 25 20 BOND STREET
SYDNEY   NSW2000
AS
98-1126678 		INVESTMENTS AS ROSELLA HOLD TC PTY LTD
  		C Corporation 0 0 100 % Yes  
(131) SOROBAN OPPORTUNITIES CAYMAN FUND III LTD

55 WEST 46TH STREET
32ND FLOOR
NEW YORK,NY10036
98-1585438 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     80.6 % Yes  
(132) STAR ASIA JAPAN SPECIAL SITUATIONS IV BLOCKER LP

125 GAITHER DRIVE SUITE L
MOUNT LAUREL,NJ08054
98-1531119 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 0 4,822,141 100 % Yes  
(133) STAR ASIA JAPAN SPECIAL SITUATIONS V BLOCKER LP

UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-1568616 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 0   86.27 % Yes  
(134) STAR ASIA JAPAN SPECIAL SITUATIONS VI BLOCKER LP

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation     77.78 % Yes  
(135) SUSTAINABLE TEAK PARTCIPACOES LTDA

AV CASTELO BRANCO 272
ROOM 3 SAO MIGUEL
CACERES,MATO GROSSO78200000
BR
98-0639215 		INVESTMENTS BR BRAZIL TEAK LLC
  		C Corporation -10,695,629 112,548,803 100 % Yes  
(136) SYSTEMATICA MULTI FUND II LIMITED

PO BOX 309 UGLAND HOUSE
SOUTH CHURCH STREET
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 7,958,213 573,476,716 100 % Yes  
(137) TACORA SPA

C/O ANINAT SCHWENCKE CIA AV
LOS CONQUISTADORES 1700 PISO 16
  SANTIAGO  
CI
INVESTMENTS CI COPAYAPU SPA
  		C Corporation 0 0 100 % Yes  
(138) TAGUA SPA

2939 AVENIDA ISIDORA GOYENECHEA
11TH FL
LAS CONDES,SANTIAGO  
CI
98-1120143 		INVESTMENTS CI COPAYAPU SPA
  		C Corporation 0 0 100 % Yes  
(139) TDCA REIT INC

5130 SOUTH ALSTON AVENUE SUITE 210
DURHAM,NC27713
47-5575876 		INVESTMENTS DE TDC ATLANTIC HOLDINGS LLC
  		C Corporation -74,216 0 80.51 % Yes  
(140) TERENA SA

MONES ROSES 6937
MONTEVIDEO   11000
UY
INVESTMENTS UY PHEMUS CORPORATION
  		C Corporation 0 0 100 % Yes  
(141) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE PIAUI LTDA

RUA ALVARO MENDES N 2346 SALA C
CENTRO NORTE
  TERESINA-PL  
BR
INVESTMENTS BR TERRACAL ALIMENTOS E BIOENERGIA LTDA
  		C Corporation 0 927 98.9 % Yes  
(142) TERRACAL ALIMENTOS E BIOENERGIA LTDA

AV DAS AMERICAS 700 BL 5
SALAS 123 A NORTE
BARRA DA TIJUCA,RIO DE JANEIRO  
BR
INVESTMENTS BR GBE INVESTMENTS LIMITED
  		C Corporation -63,047 73,532 98.9 % Yes  
(143) TOPWATER PARTNERS OFFSHORE LTD

C/O LEUCADIA ASSET MANAGEMENT LLC
520 MADISON AVE
NEW YORK,NY10022
98-1144747 		INVESTMENTS   HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     67.5 % Yes  
(144) TUNUYAN SA

VILLA FINTANA DEL CLUB TERRAZA
1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -111,187 4,228,276 100 % Yes  
(145) TWO SIGMA MERCURY CAYMAN FUND LTD

190 ELGIN AVENUE
GEORGE TOWN,GRAND CAYMANKY19005
CJ
98-1473352 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation     73.94 % Yes  
(146) UNITECA AGROFLORESTAL SA

AVE GOVERNADOR PONCE DE ARRUDA
10545
  MATO GROSSO78110971
BR
INVESTMENTS BR SUSTAINABLE TEAK PARTCIPACOES LTDA
  		C Corporation -773,130 17,187,950 90.56 % Yes  
(147) USRA ATLANTIC NET LEASE CAPITAL CORP

C/O US REALTY ADVISORS LLC
1370 AVE OF THE AMERICAS
NEW YORK,NY10019
45-2732642 		INVESTMENTS DE USRA ATLANTIC CAPITAL PARTNERS LLC
  		C Corporation -7,596,730 112,226,147 84.4 % Yes  
(148) WATERFRONT CP ENHANCED OFFSHORE FUND LTD

ELIAN FIDUCIARY SERVICES CAYMAN L
89 NEXUS WAY
CAMANA BAY,GRAND CAYMANKY19007
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION
  		C Corporation 0 0 69 % Yes  
(149) WESTERN ROSELLA TRUST

LEVEL 25 20 BOND STREET
SYDNEY   NSW2000
AS
98-1126861 		INVESTMENTS AS GREEN ROSELLA TRUST
  		C Corporation 0 0 100 % Yes  
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
Yes
 
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
Yes
 
h Purchase of assets from related organization(s) ............................
1h
Yes
 
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
Yes
 
s Other transfer of cash or property from related organization(s) ............................
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) AMERICAN REPERTORY THEATRE COMPANY INC

 A 572,511 CASH
(2) AMERICAN REPERTORY THEATRE COMPANY INC

 B 5,838,508 CASH
(3) AMERICAN REPERTORY THEATRE COMPANY INC

 D 1,846,278 CASH
(4) AMERICAN REPERTORY THEATRE COMPANY INC

 J 423,000 CASH
(5) AMERICAN REPERTORY THEATRE COMPANY INC

 L 842,430 COST
(6) AMERICAN REPERTORY THEATRE COMPANY INC

 M 558,477 COST
(7) AMERICAN REPERTORY THEATRE COMPANY INC

 N 380,438 CASH
(8) AMERICAN REPERTORY THEATRE COMPANY INC

 P 54,129 COST
(9) ASSOCIACAO DAVID ROCKEFELLER CENTER DE UNIVERSIDADE DE HARVARD

 R 631,797 CASH
(10) BLUE MARBLE HOLDING CORP

 R 180,209 CASH
(11) BLUE MARBLE HOLDING CORP

 S 6,453,924 CASH
(12) CENTRE RECHERCHE EUROPEEN DE LA HBS

 B 2,104,552 CASH
(13) CENTRO HARVARD-D ROCKEFELLAR PARA ESTUDIOS LATINAMERICANOS AC

 R 142,508 CASH
(14) FUNDACION DRCLAS CHILE

 R 121,125 CASH
(15) FUNDACION HARVARD BUSINESS SCHOOL LATIN AMERICA RESEARCH CENTER

 B 1,160,000 CASH
(16) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC

 C 850,000 CASH
(17) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC

 L 370,507 COST
(18) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC

 O 362,897 COST
(19) HANSJORG WYSS INSTITUTE FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UN
IVERSITY INC
 A 182,565 CASH
(20) HANSJORG WYSS INSTITUTE FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UN
IVERSITY INC
 B 1,070,956 CASH
(21) HANSJORG WYSS INSTITUTE FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UN
IVERSITY INC
 L 2,175,168 COST
(22) HANSJORG WYSS INSTITUTE FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UN
IVERSITY INC
 M 546,994 COST
(23) HANSJORG WYSS INSTITUTE FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UN
IVERSITY INC
 Q 2,423,593 COST
(24) HARVARD BUSINESS SCHOOL INTERACTIVE INC

 Q 5,272,179 CASH
(25) HARVARD BUSINESS SCHOOL PUBLISHING ASIA PACIFIC LTD

 P 703,909 CASH
(26) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 A 18,349,901 CASH
(27) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 G 2,408,463 CASH
(28) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 H 6,859,243 CASH
(29) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 O 585,087 CASH
(30) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 P 1,779,500 CASH
(31) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 Q 16,882,499 CASH
(32) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 S 55,557,046 CASH
(33) HARVARD BUSINESS SCHOOL PUBLISHING DE MEXICO SA DE CV

 P 157,506 CASH
(34) HARVARD BUSINESS SCHOOL PUBLISHING FRANCE SAS

 P 412,874 CASH
(35) HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD

 P 118,853 CASH
(36) HARVARD CENTER SHANGHAI CO LTD

 M 2,136,895 COST
(37) HARVARD DEDICATED ENERGY LIMITED

 H 19,813,193 CASH
(38) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

 C 5,569,084 CASH
(39) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

 D 2,000,000 CASH
(40) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

 P 4,227,988 CASH
(41) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

 Q 132,125 CASH
(42) HARVARD MAGAZINE INC

 A 149,791 CASH
(43) HARVARD MAGAZINE INC

 R 2,025,400 CASH
(44) HARVARD MANAGEMENT COMPANY

 R 130,527,372 CASH
(45) HARVARD MANAGEMENT PRIVATE EQUITY CORP

 R 3,319,007,141 CASH
(46) HARVARD MANAGEMENT PRIVATE EQUITY CORP

 S 7,871,901,002 CASH
(47) HARVARD NEURODISCOVERY CENTER INC

 B 68,049 CASH
(48) HARVARD PRIVATE CAPITAL REALTY INC

 R 2,318,365,460 CASH
(49) HARVARD PRIVATE CAPITAL REALTY INC

 S 424,465,758 CASH
(50) HARVARD REAL ESTATE - ALLSTON INC

 R 325,810 CASH
(51) LMA RESEARCH COMPLEX PRIMARY CONDOMINIUM ASSOCIATION LLC

 P 278,696 COST
(52) LMA RESEARCH COMPLEX PRIMARY CONDOMINIUM ASSOCIATION LLC

 Q 434,106 COST
(53) LONGWOOD MEDICAL ENERGY COLLABORATIVE INC

 M 480,532 COST
(54) LONGWOOD MEDICAL ENERGY COLLABORATIVE INC

 O 486,986 COST
(55) LONGWOOD MEDICAL ENERGY COLLABORATIVE INC

 P 73,048 COST
(56) LONGWOOD MEDICAL ENERGY COLLABORATIVE INC

 Q 560,034 COST
(57) MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC

 G 341,723 CASH
(58) MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC

 J 2,466,873 CASH
(59) MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC

 N 609,976 CASH
(60) PHEMUS CORP

 R 87,794,426 CASH
(61) PHEMUS CORP

 S 27,492,548 CASH
(62) RED TOP INC

 R 155,498 CASH
(63) STUDENT CLUBS OF HBS INC

 A 7,053 CASH
(64) STUDENT CLUBS OF HBS INC

 L 79,163 CASH
(65) STUDENT ORGANIZATIONS AND JOURNALS OF HARVARD LAW SCHOOL INC

 B 2,217,691 CASH
(66) TRUSTEES FOR HARVARD UNIVERSITY

 L 9,692,363 COST
(67) TRUSTEES FOR HARVARD UNIVERSITY

 S 12,903,473 COST
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Schedule R, Part IV IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A TRUST: SPLIT INTEREST TRUSTS: THE TRUSTS LISTED ARE DOMICILED IN MASSACHUSETTS, NEW YORK, AND WASHINGTON, D.C.
Schedule R (Form 990) (Rev. 1-2025)

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