Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Annual Report 2020
  • Annual Report Archive
  • From the Dean
  • Financials
  • Downloads
    • Full Report
    • Financial Statements
  • …→
  • Harvard Business School→
  • Annual Report 2020→
  • Financials
    • Financials
    • From the Chief Financial Officer
    • Financial Highlights
    • Statement of Activity & Cash Flows
    • Consolidated Balance Sheet
    • Supplemental Financial Information
    →
  • Consolidated Balance Sheet→

Financials

Financials

  • From the Chief Financial Officer
  • Financial Highlights
  • Statement of Activity & Cash Flows
  • Consolidated Balance Sheet
  • Supplemental Financial Information

Consolidated Balance Sheet

Consolidated Balance Sheet

  • From the Chief Financial Officer
  • Financial Highlights
  • Statement of Activity & Cash Flows
  • Consolidated Balance Sheet
  • Supplemental Financial Information
3ms

Assets

IN MILLIONS for the Fiscal Year ended June 30...
2020 2019 2018
Cash $ 124 $ 105 $ 89
Current Use Reserves 174 129 118
Receivables, Loans, & Other Assets 221 215 214
Invested Funds
Endowment
3,799 3,675 3,453
Endowment Interest in Trusts Held by Others
167 169 164
Endowment Pledges
119 138 166
Undistributed General Investment Income
7 3 4
Current Use Investments
63 75 72
Current Use Pledges
122 145 151
Facilities, Net 762 766 774
Total Assets
$ 5,558 m.
$ 5,420 m.
$ 5,208 m.

Liabilities

IN MILLIONS for the Fiscal Year ended June 30...
2020 2019 2018
Deposits, Advances, & Other $ 62 $ 95 $ 82
Deferred Revenue 191 183 181
Other Debt Owed to University 81 31 27
Building Debt 41 46 55
Total Liabilities
$ 374 m.
$ 355 m.
$ 345 m.

Net Assets

IN MILLIONS for the Fiscal Year ended June 30...
2020 2019 2018
Current Use Reserves $ 174 $ 129 $ 118
Endowment Funds $ 4,092 3,985 3,787
Current Use Funds 185 220 226
Unexpended Endowment Income - 1 1
Student Loan Funds 11 10 12
Investment in Facilities 722 720 719
Total Net Assets
$ 5,184 m.
$ 5,065 m.
$ 4,863 m.

Total Liabilities + Net Assets

Total Liabilities + Net Assets
$ 5,558 m.
$ 5,420 m.
$ 5,208 m.

* In pursuit of greater comparability across the Harvard schools, the University has asked all the schools to report their net results in accordance with generally accepted accounting principles (GAAP) in the United States. In addition to results for fiscal 2020, the School’s results for fiscal years 2018 and 2019 are presented in accordance with GAAP within the Statement of Activity and Cash Flows.

ǁ
Campus Map
Harvard Business School
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College