哈佛大学预测收入短缺7.5亿美元

哈佛大学预测收入短缺7.5亿美元

收成预测

截至今年6月30日的财政年度,预期收入净短缺4.15亿美元,反映了冠状病毒的影响

大流行,并且与7月1日开始的预算预期相比还有7.5亿美元的缺口。

执行副总裁凯蒂·拉普(Katie Lapp)

在今天上午发布给全体教职员工的电子邮件中向社区披露了这些预测。

For perspective,

the University’s operating revenues were $5.5 billion in the fiscal year ended June 30, 2019, and have been growing at about 5 pecent in recent years—

propelled by distributions from the endowment and torrid growth in executive and continuing education (see below).

She also announced that

the decision to guarantee pay and benefits to directly employed staff and contract workers

—including those who provide dining, custodial, and security services that were disrupted by the closing of campus—has been extended from May 28 to June 28.

Today’s message updates guidance

provided in an April 13 note from President Lawrence S. Bacow, Provost Alan Garber, and Lapp.

In totaling the fiscal effects this year,

Lapp cited the costs of “refunding room and board for the last half of the semester and providing moving, travel, and other financial assistance to students who were required to depart campus.

It also includes the necessary step of cancelling in-person Continuing and Executive Education courses and programs, and the loss of funding from federal and non-federal sources due to the closure of labs.

”Harvard Magazine

https://harvardmagazine.com/2020/05/harvard-projects-750-million-revenue-shortfall

financial report

https://finance.harvard.edu/files/fad/files/fy19_harvard_financial_report.pdf

Harvard sees $1.2 billion revenue shortfall due to pandemic | CBR

https://caribbeanbusinessreport.com/world/harvard-sees-1-2-billion-revenue-shortfall-due-to-pandemic/