Harvard students criticize $53B endowment as Ivy threatens cost-cutting

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Harvard University may be the gold standard of Ivy League institutions, but its own students have accused it of using unethical and predatory practices to bolster its massive $53.2 billion endowment while threatening to slash jobs and deny workers a living wage.

Harvard Management Company, which oversees the endowment, returned 33.6% on its investments for the fiscal year ending in June 2021. That’s an $11.3 billion increase from the previous year, which catapulted the endowment, already the largest in the world, to its largest sum in history.

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