Undergraduate, graduate, and professional education and research across a broad array of academic domains.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 10,000 volunteers and 39,590 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.8B a year · 22% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22.0M
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $64.99B in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $64.99B in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
38
named funders · $12.0M
Looks good: 38 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13.4B
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.3B
+9% vs prior year
Spent
$7.2B
To programs
86%
Net assets
$66.5B
By yearFY2020–FY2025
Revenue
$8.3B
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.4B
FY2021$8.9B
FY2022$9.6B
FY2023$6.1B
FY2024$7.7B
FY2025$8.3B
Expenses
$7.2B
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7B
FY2021$5.5B
FY2022$5.8B
FY2023$6.3B
FY2024$6.8B
FY2025$7.2B
Net assets
$66.5B
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$48.6B
FY2021$61.4B
FY2022$59.4B
FY2023$59.5B
FY2024$62.3B
FY2025$66.5B

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $6.2B Management & general 11% · $796.7M Fundraising 3% · $247.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

38 people listed on the 990; $22.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$1,928,263Pt VII · Sec A
$1,904,006Pt VII · Sec A
$1,884,004Pt VII · Sec A
See Schedule O
$1,397,749Pt VII · Sec A
See Schedule O
$1,391,448Pt VII · Sec A
$1,228,579Pt VII · Sec A
Dean, Faculty of Medicine
$1,009,890Pt VII · Sec A
See Schedule O
$985,882Pt VII · Sec A

Nancy F Koehn’s $1.9M as Faculty is at the 100th percentile of top reported officer pay among 145 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lawrence S Bacow$708,928$2,904,050$1,333,866$1,048,985$912,565$1,046,906
Katherine N Lapp——$2,347,789$736,446$724,460$766,951
Rohit Deshpande——$2,167,890———
Walter C Kester——$2,053,063———
V Kasturi Rangan————$1,962,144—
Paul M Healy—$1,928,441————
Nancy F Koehn$1,928,263—————
Robin J Ely$1,904,006—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See President and Fellows of Harvard College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II5 listed

Programs and updates

Provides undergraduate, graduate, and professional education while conducting extensive, multidisciplinary academic research to expand human knowledge.

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Provided by the organization

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2 programs · $6.2B · in their own filed words · FY2024
01

Education and Other Institutional Activities

Harvard university (the "university") is a private, not-for-profit institution of higher education with approximately 6,980 undergraduate and 13,986 graduate students. The university includes the faculty of arts and sciences (harvard college), the john a.

$5.3Bprogram expense
02

Sponsored Research Activities

The range of research activities at harvard is broad and deep. Harvard scholars conduct research in almost every field, and seek to expand human knowledge through analysis, innovation, and insight.

$918.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 38 funders →
Grants paid · 1,711 grants · $4.3B · 2019–2024
Unitemized GrantFY2024$282,901,858
Unitemized GrantFY2024$262,694,510
Unitemized GrantFY2024$127,579,970
Unitemized GrantFY2024$36,896,098
Unitemized GrantFY2024$33,930,858
Mass General Brigham IncorporatedMA · FY2024$27,369,309
Mass General Brigham IncorporatedMA · FY2024$24,690,047
Dana-Farber Cancer Institute INCMA · FY2024$18,560,703
Children's Hospital CorporationMA · FY2024$12,177,708
Unitemized GrantFY2024$11,340,576
Unitemized GrantFY2024$9,980,568
Unitemized GrantFY2024$9,088,872
Bifrost Biosystems INCFY2024$6,470,731
See all 1,711 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.3B
Ln 12
Investment incomeLn 3$3.9B
Fees for servicesLn 2g$2.5B
Gifts and grantsLn 1h$1.9B
Money outPt IX
$7.2B
Ln 25
Programscol B$6.2B
Managementcol C$796.7M
Fundraisingcol D$247.2M
Owns and owesPt X
$66.5B
net assets · Ln 32
Cash and savingsLn 1–2$168.3M
Total assetsLn 16$79.9B
LiabilitiesLn 26$13.4B
PeoplePt VI, VII
38
listed · VII A
PaidVII A25
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9B
Government grantsLn 1e$600.2M
Noncash giftsLn 1g$117.7M
Fundraising eventsLn 1c$263K
Fees for servicesLn 2g$2.5B
Investment incomeLn 3$3.9B
Other incomeLn 4–11$107.9M
Gains on assetsLn 7$3.46B
Total revenueLn 12$8.3B
Assets in detailPt X, end of year
CashLn 1$23.1M
SavingsLn 2$145.1M
Cash and savings togetherLn 1–2$168.3M
InvestmentsLn 11–13$64.99B
Land, buildings, equipmentLn 10c$9.20B
Other assetsLn 15$2.07B
Total assetsLn 16$79.9B
LiabilitiesLn 26$13.4B
Net assetsLn 32$66.5B
OperationsPt I, VI
EmployeesI 539,590
VolunteersI 610,000
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$56.6M$168.3M
InvestmentsLn 11–13$60.08B$64.99B
Land, buildings, equipmentLn 10c$8.60B$9.20B
Total assetsLn 16$74.37B$79.94B
LiabilitiesLn 26$12.11B$13.40B
Net assetsLn 32$62.26B$66.54B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$271.7M$271.7M
Grants to domestic individualsLn 2$774.5M$774.5M
Grants and assistance to foreign recipientsLn 3$43.4M$43.4M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$14.1M$858K$11.5M$1.8M
Pay of disqualified personsLn 6$1.8M$1.8M$0$0
Other salaries and wagesLn 7$2.60B$2.30B$176.9M$117.4M
Pension plan contributionsLn 8$199.5M$176.9M$13.6M$9.0M
Other employee benefitsLn 9$350.2M$310.6M$23.9M$15.8M
Payroll taxesLn 10$164.6M$145.9M$11.2M$7.4M
Management feesLn 11a$48.5M$46.1M$1.5M$932K
Legal feesLn 11b$126.6M$4.0M$122.6M$41K
Accounting feesLn 11c$2.5M$475K$2.1M$0
Lobbying feesLn 11d$587K$406K$181K$0
Professional fundraising feesLn 11e$376K$376K
Investment management feesLn 11f$130.5M$0$130.5M$0
Other fees for servicesLn 11g$453.4M$386.0M$61.9M$5.5M
Advertising and promotionLn 12$58.3M$54.9M$1.8M$1.6M
Office expensesLn 13$227.2M$215.8M$6.8M$4.6M
Information technologyLn 14$159.7M$134.2M$20.2M$5.2M
RoyaltiesLn 15$3.3M$3.2M$17K$31K
OccupancyLn 16$397.1M$334.5M$44.4M$18.3M
TravelLn 17$98.8M$91.9M$1.6M$5.3M
Conferences, conventions and meetingsLn 19$85.1M$65.8M$6.3M$13.1M
InterestLn 20$260.0M$235.9M$12.6M$11.4M
Depreciation, depletion and amortizationLn 22$430.3M$385.9M$24.0M$20.5M
InsuranceLn 23$24.3M$9.1M$15.3M$0
Other expenses (24a–d)Ln 24$270.8M$166.4M$100.5M$3.9M
All other expensesLn 24e$47.9M$35.3M$7.5M$5.0M
Total functional expensesLn 25$7.24B$6.20B$796.7M$247.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $8.3B$7.2B$1.1B$66.5B 990 PDF
FY2024 $7.7B$6.8B$817.3M$62.3B 990 PDF
FY2023 $6.1B$6.3B−$201.1M$59.5B 990 PDF
FY2022 $9.6B$5.8B$3.8B$59.4B 990 PDF
FY2021 $8.9B$5.5B$3.5B$61.4B 990 PDF
FY2020 $7.4B$5.7B$1.7B$48.6B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $8,323,235,933 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,691,854,430$1,852,353,540
I-9 Program service revenuePrior year $2,395,270,319$2,481,651,841
I-10 Investment incomePrior year $3,405,121,472$3,881,325,578
I-11 Other revenuePrior year $162,232,411$107,904,974
I-12 Total revenuePrior year $7,654,478,632$8,323,235,933
I-13 Grants and similar amounts paidPrior year $953,713,268$1,089,639,465
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,140,903,937$3,328,506,059
I-16a Professional fundraising feesPrior year $729,494$376,299
I-17 Other expensesPrior year $2,741,877,918$2,824,868,562
I-18 Total expensesPrior year $6,837,224,617$7,243,390,385
I-19 Revenue less expensesPrior year $817,254,015$1,079,845,548
Part VI · Governance 11 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,323,235,933 across 13 lines filed
Lines not itemized here account for $211,499,376 of total revenue; see the IRS return.
VIII-1b Membership dues$3,245,631
VIII-1c Fundraising events$263,006
VIII-1e Government grants$600,186,053
VIII-1f All other contributions, gifts and grants$1,248,658,850
VIII-1g Noncash contributions (included above)$117,686,534
VIII-1h Total contributions, gifts and grants$1,852,353,540
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,150,987,709 · Unrelated business $5,906,014 · Excluded from tax $113,258,742$2,270,152,465
VIII-3 Investment incomeUnrelated business $214,114 · Excluded from tax $417,927,324$418,141,438
VIII-5 RoyaltiesExcluded from tax $84,011,836$84,011,836
VIII-6 Net rental income or lossExcluded from tax $24,045,875$24,045,875
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,463,184,140$3,463,184,140
VIII-8 Net income from fundraising eventsExcluded from tax −$152,737−$152,737
VIII-12 Total revenueRelated to mission $2,281,400,450 · Unrelated business $33,998,990 · Excluded from tax $4,155,482,953$8,323,235,933
Part IX · Statement of functional expenses $7,243,390,385 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $271,694,729$271,694,729
IX-2 Grants to domestic individualsPrograms $774,518,878$774,518,878
IX-3 Grants and assistance to foreign recipientsPrograms $43,425,858$43,425,858
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $857,562 · Management $11,470,135 · Fundraising $1,756,105$14,083,802
IX-6 Pay of disqualified personsPrograms $1,844,459 · Management $0 · Fundraising $0$1,844,459
IX-7 Other salaries and wagesPrograms $2,303,871,813 · Management $176,928,860 · Fundraising $117,428,958$2,598,229,631
IX-8 Pension plan contributionsPrograms $176,936,302 · Management $13,588,056 · Fundraising $9,018,490$199,542,848
IX-9 Other employee benefitsPrograms $310,564,997 · Management $23,850,247 · Fundraising $15,829,580$350,244,824
IX-10 Payroll taxesPrograms $145,917,159 · Management $11,205,900 · Fundraising $7,437,436$164,560,495
IX-11a Management feesPrograms $46,066,191 · Management $1,518,307 · Fundraising $931,515$48,516,013
IX-11b Legal feesPrograms $3,978,949 · Management $122,597,673 · Fundraising $40,790$126,617,412
IX-11c Accounting feesPrograms $475,470 · Management $2,068,534 · Fundraising $0$2,544,004
IX-11d Lobbying feesPrograms $406,159 · Management $180,515 · Fundraising $0$586,674
IX-11e Professional fundraising feesFundraising $376,299$376,299
IX-11f Investment management feesPrograms $0 · Management $130,527,372 · Fundraising $0$130,527,372
IX-11g Other fees for servicesPrograms $385,975,482 · Management $61,864,672 · Fundraising $5,526,108$453,366,262
IX-12 Advertising and promotionPrograms $54,920,768 · Management $1,768,080 · Fundraising $1,565,009$58,253,857
IX-13 Office expensesPrograms $215,779,772 · Management $6,779,175 · Fundraising $4,599,695$227,158,642
IX-14 Information technologyPrograms $134,221,273 · Management $20,247,688 · Fundraising $5,204,329$159,673,290
IX-15 RoyaltiesPrograms $3,207,284 · Management $17,040 · Fundraising $31,477$3,255,801
IX-16 OccupancyPrograms $334,490,537 · Management $44,370,466 · Fundraising $18,282,054$397,143,057
IX-17 TravelPrograms $91,934,784 · Management $1,625,458 · Fundraising $5,281,211$98,841,453
IX-19 Conferences, conventions and meetingsPrograms $65,765,134 · Management $6,270,555 · Fundraising $13,077,360$85,113,049
IX-20 InterestPrograms $235,938,941 · Management $12,577,726 · Fundraising $11,438,916$259,955,583
IX-22 Depreciation, depletion and amortizationPrograms $385,879,798 · Management $23,978,682 · Fundraising $20,475,499$430,333,979
IX-23 InsurancePrograms $9,055,940 · Management $15,283,646 · Fundraising $0$24,339,586
IX-24 Other expenses (24a–d)Programs $166,383,355 · Management $100,508,403 · Fundraising $3,887,951$270,779,709
IX-24e All other expensesPrograms $35,321,377 · Management $7,500,489 · Fundraising $5,040,953$47,862,819
IX-25 Total functional expensesPrograms $6,199,432,971 · Management $796,727,679 · Fundraising $247,229,735$7,243,390,385
Part X · Balance sheet $79,935,301,000 assets, 21 lines filed
Asset lines not itemized here account for $447,050,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $16,480,000$23,107,000
X-2 Savings and temporary cash investmentsStart of year $40,144,000$145,145,000
X-3 Pledges and grants receivableStart of year $2,418,933,000$2,406,093,000
X-4 Accounts receivableStart of year $206,119,000$217,939,000
X-8 Inventories for sale or useStart of year $5,602,000$5,159,000
X-9 Prepaid expenses and deferred chargesStart of year $389,563,000$434,923,000
X-10c Land, buildings and equipment, netStart of year $8,598,902,000$9,203,881,000
X-11 Publicly traded securitiesStart of year $33,249,257,000$35,478,166,000
X-12 Other securitiesStart of year $26,835,536,000$29,507,773,000
X-15 Other assetsStart of year $2,186,815,000$2,066,065,000
X-16 Total assetsStart of year $74,371,580,000$79,935,301,000
X-17 Accounts payable and accrued expensesStart of year $546,150,000$615,430,000
X-19 Deferred revenueStart of year $573,908,000$569,546,000
X-20 Tax-exempt bond liabilitiesStart of year $2,562,370,000$2,953,855,000
X-24 Unsecured notes and loans payableStart of year $4,571,710,000$5,339,593,000
X-25 Other liabilitiesStart of year $3,858,538,000$3,918,003,000
X-26 Total liabilitiesStart of year $12,112,676,000$13,396,427,000
X-27 Net assets without donor restrictionsStart of year $16,079,184,000$17,197,838,000
X-28 Net assets with donor restrictionsStart of year $46,179,720,000$49,341,036,000
X-32 Total net assets or fund balancesStart of year $62,258,904,000$66,538,874,000
X-33 Total liabilities and net assetsStart of year $74,371,580,000$79,935,301,000
Part XI · Reconciliation of net assets $66,538,874,000 net assets at year end
XI-1 Total revenue$8,323,235,933
XI-2 Total expenses$7,243,390,385
XI-3 Revenue less expenses$1,079,845,548
XI-4 Net assets at start of year$62,258,904,000
XI-5 Net unrealized gains (losses) on investments$3,042,331,368
XI-9 Other changes in net assets$157,793,084
XI-10 Net assets at end of year$66,538,874,000

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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