Harvard University’s endowment plans to distribute more money in fiscal year 2022 after recording strong annual returns, the school’s chief financial officer recently revealed.
“The stock market has been doing well, and hopefully it will stay that way,” Thomas Hollister said in an interview with the university-operated Harvard Gazette in late April. “A good stock market helps endowment results.”
He added that the Harvard Corporation, the school’s governing board, had planned to increase its distribution by 1 percent, but instead chose to bump it to a 2.5 percent increase in dollar value. (Harvard declined to comment for this story.)
According to industry experts, though, Harvard is likely an anomaly in its decision to boost payouts following the pandemic.