WebSince HMC was founded in 1974, annual distributions from the endowment to Harvard University have grown significantly and now account for more than one-third of the … HMC employs financial professionals to manage the approximately 12,000 funds that constitute the endowment. The company directly manages about one third of the total endowment portfolio while working closely with the external companies that manage the rest. HMC is headed by a professional, who holds the titles of president and chief executive officer of the company. HMC is a 501(c)(3) non-profit entity and so is exempt from federal income taxation.
Harvard’s Endowment Soars to $53.2 Billion, Reports 33.6
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RI TAS Message from the - Harvard University
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