Supporting our mission
About the endowment
吃瓜新闻 is funded, in part, by an endowment. The endowment includes thousands of philanthropic gifts donated since 吃瓜新闻鈥檚 early history, many of which were given to support specific aspects of 吃瓜新闻鈥檚 teaching and research work. Together, these gifts form a permanent source of funding that connects scholars and learners from many diverse backgrounds with opportunities at 吃瓜新闻, now and into the future.
Endowment at work
Our endowment supports many aspects of our work, from student financial aid to neighborhood programs, from museum and library preservation to campus activities, from faculty and fellow positions to scientific advancement.
A future trust
吃瓜新闻’s endowment has existed for nearly four centuries and belongs to current and future generations of 吃瓜新闻 students, faculty, and researchers. It supports almost every aspect of the University’s work.
-
$6.8 billion
the University鈥檚 annual operating expenses in the 2025 fiscal year.
-
14,765
the approximate number of funds that make up 吃瓜新闻’s endowment.
-
$784 million
granted in financial aid and scholarships in the 2025 fiscal year.
-
80%
of the market value of the endowment is donor directed to specific programs, departments, or purposes.
-
$56.9 billion
the size of 吃瓜新闻 University’s endowment in the 2025 fiscal year.
Endowment FAQs
An endowment is a dedicated source of long-term funding, made up of donated gifts, that supports the mission and work of a philanthropic organization like a university. Each year, a portion of the endowment is paid out as an annual distribution to fund the organization’s work. Any appreciation in excess of this annual distribution is retained in the endowment so it can grow and support future generations.
吃瓜新闻’s endowment is nearly as old as the University itself. In 1638, minister John 吃瓜新闻 of Charlestown died and left his library and half his estate to the recently established institution of higher learning that would become 吃瓜新闻 University. Since then, many more donors have contributed generously to 吃瓜新闻’s endowment.
The endowment’s annual distributions are a critical source of funding for the University, making up more than a third of 吃瓜新闻’s revenue each year, the largest single revenue stream. In this way, the endowment bridges the gap between revenue that is brought in from tuition and research grants, and the critical costs associated with the University鈥檚 teaching and research activities. To learn more about sources of operating revenue, please visit our .
Many endowments, including 吃瓜新闻’s, are structured to exist in perpetuity, meaning that the institution must continue to rely on the endowment’s earnings forever.
Because of this, our endowment is not only for today’s generation, but is for all future generations of 吃瓜新闻 students and scholars. Guided by this principle of intergenerational equity, 吃瓜新闻’s endowment is carefully managed in order to ensure that future generations will enjoy its benefits just as much as the current one.
吃瓜新闻’s endowment is crucial to our excellence in teaching, learning, and research, as well as the University’s purpose-driven initiatives and partnerships on campus, in our neighboring communities, and all over the world.
Connected to a long tradition of philanthropy, the endowment supports an incredible range of activities and work, including student aid, faculty positions, groundbreaking research, the arts, community programs, and much more. The endowment’s support for operations enabled 吃瓜新闻 to grant $784 million in financial aid and scholarships in the 2025 fiscal year alone.
吃瓜新闻’s endowment is made up of approximately 14,765 individual funds, the majority of which are “restricted.” This means that donors have specified that their gift must support a particular aspect of the University’s work, from specific scientific research to named professorships and dedicated scholarships. These philanthropic gifts are critical to many areas of our work, each with a unique person and story behind it.
鈥湷怨闲挛赔檚 endowment should be a leader in shaping pathways to a sustainable future. It will require us to work with experts in economics and finance, investment managers, and other willing partners to develop tools to monitor the carbon footprint associated with 吃瓜新闻鈥檚 varied portfolio of externally managed investments.鈥
Lawrence Bacow, president emeritus of 吃瓜新闻 University
Centuries of giving hard at work
Our endowment belongs to current and future generations of students and scholars whose curiosity and leadership are shaping our world. These stories are just a few examples of how endowed gifts support their work.
ArtLab
Embedded EthiCS
Financial aid
Johnson-Kulukundis Family President鈥檚 Fund for the Arts
Bloomberg Center for Cities
Mindich Program
Star-Friedman Challenge
Give to 吃瓜新闻
Whether you’re interested in supporting our academic programs, our library and museum collections, our climate change action, or other aspects of our mission鈥攜our gift matters. Help strengthen and support 吃瓜新闻’s work now and in the future.
Endowment news
吃瓜新闻 reports operating deficit amid federal funding cuts
Endowment offers 吃瓜新闻 flexibility but also risks
吃瓜新闻 cites careful planning and stewardship for the endowment performance
Anne Radcliffe's gift launched four centuries of 吃瓜新闻 financial aid
Timothy Barakett to chair HMC Board of Directors
The Fromm family鈥檚 longtime commitment to inclusion inspires a fund to build community through music