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Harvard Is Paying Out More of Its Endowment Next Year. Here's Why Other Schools Aren't Likely to Follow.

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. ....

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Harvard's climate action plan

neutral by 2026
By 2026 we will prioritize aggressive reductions of our campus energy use and strive to offset or neutralize any remaining greenhouse gas emissions by investing in off-campus projects such as renewable energy. Harvard will engage its researchers and industry climate leaders to identify and, where feasible, invest in projects that credibly reduce emissions while providing other positive benefits for human health, social equity, and ecosystem health.
As part of our climate strategy, our facilities leaders and building managers aggressively pursue energy efficiency. Explore our progress
How are we addressing Scope 3 emissions?
We are continuing our work to track and quantify the fossil fuel emissions associated with our supply chain for purchased goods or services that support campus operations. Once the magnitude of these so-called Scope 3 emissions are better known for areas such as food, air travel, and commuting, the University will ....

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