Organization and administration

Governance
School | Founded |
Harvard College | 1636 |
Medicine | 1782 |
Divinity | 1816 |
Law | 1817 |
Dental Medicine | 1867 |
Arts and Sciences | 1872 |
Business | 1908 |
Extension | 1910 |
Design | 1914 |
Education | 1920 |
Public Health | 1922 |
Government | 1936 |
Engineering and Applied Sciences | 2007 |
Harvard is governed by a combination of its Board of Overseers and the President and Fellows of Harvard College (also known as the Harvard Corporation), which in turn appoints the President of Harvard University. There are 16,000 staff and faculty, including 2,400 professors, lecturers, and instructors.
The Faculty of Arts and Sciences is the largest Harvard faculty and has primary responsibility for instruction in Harvard College, the Graduate School of Arts and Sciences, and the Division of Continuing Education, which includes Harvard Summer School and Harvard Extension School. There are nine other graduate and professional faculties as well as the Radcliffe Institute for Advanced Study.
Joint programs with the Massachusetts Institute of Technology include the Harvard–MIT Program in Health Sciences and Technology, the Broad Institute, The Observatory of Economic Complexity, and edX.
Endowment
Harvard has the largest university endowment in the world, valued at about $41.9 billion as of 2020. During the recession of 2007–2009, it suffered significant losses that forced large budget cuts, in particular temporarily halting construction on the Allston Science Complex. The endowment has since recovered.
About $2 billion of investment income is annually distributed to fund operations. Harvard's ability to fund its degree and financial aid programs depends on the performance of its endowment; a poor performance in fiscal year 2016 forced a 4.4% cut in the number of graduate students funded by the Faculty of Arts and Sciences. Endowment income is critical, as only 22% of revenue is from students' tuition, fees, room, and board.
Divestment
Since the 1970s, several student-led campaigns have advocated divesting Harvard's endowment from controversial holdings, including investments in apartheid South Africa, Sudan during the Darfur genocide, and the tobacco, fossil fuel, and private prison industries.
In the late 1980s, during the divestment from South Africa movement, student activists erected a symbolic "shantytown" on Harvard Yard and blockaded a speech by South African Vice Consul Duke Kent-Brown. The university eventually reduced its South African holdings by $230 million (out of $400 million) in response to the pressure.
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