Historical Market Value of Endowment

Expressed in thousands of dollars

  June 30, 1994 June 30, 1995 June 30, 1996 June 30, 1997
Arts and Sciences (1)  $2,561,771  $2,908,860  $3,778,527  $4,690,077 
Business 406,506  467,458  571,208  728,703 
Dental 41,944  47,093  57,312  70,396 
Design  93,802  105,193  127,447  156,651 
Divinity 119,538  137,723  167,184  205,337 
Education 91,226  103,360  128,256  159,038 
Government (2) 174,790  197,512  244,176  316,566 
Law 300,480  347,940  422,168  526,353 
Medical  716,993  820,031  1,002,772  1,239,456 
Public Health 218,754  249,940  320,451  400,014 
Other Academic Departments(3) 927,137  1,041,334  1,031,949  1,270,850 
Central Administration (4)  600,006  672,389  824,314  996,848 
Subtotal $6,252,946 $7,098,834 $8,675,763  $10,760,290 
Pledge Balances(5) N/A N/A 247,138  242,091 
Interests in Perpetual Trusts held by Others(5) N/A N/A 155,793  181,090 
Less: Funds for Construction (6)  (51,726)  (52,971)  (19,771)  (21,710) 
Total Endowment $6,201,220  $7,045,863  $9,058,923  $11,161,761 
(1) Arts and Sciences includes: Continuing Education and University Extension, Division of Engineering and Applied Sciences, OEB - Research, Harvard Forest, Library,  MCZ, Observatory, Peabody Museum, Semitic Museum, Athletics and College Life and Student Services. Prior to FY96, the Peabody and Semitic Museums were reported as Other Academic Departments.  (Back to data)
(2) Government includes Institute of Politics. (Back to data)
(3) Includes Arnold Arboretum, Center for Hellenic Studies, Dumbarton Oaks, Harvard Institute for International Development, Harvard University Art Museums,  Nieman Foundation, Nondepartmental, University Professorships and Villa I Tatti.  Prior to FY96, Other Academic Departments included the Peabody and Semitic Museums, which beginning in FY96 are part of Arts and Sciences.   (Back to data)
(4) In addition to Central Administration, includes University Press, University Health Services and Memorial Church. (Back to data)
(5) As of FY1996, Pledge Balances and Interests in Perpetual Trusts held by Others are included in net asset balances.(Back to data)
(6) Departmental funds given for construction purposes. (Back to data)
SOURCE: ANNUAL UNIVERSITY FINANCIAL REPORT