History of Harvard University in North America was brought from Spain to Mexico City, with production beginning in 1539. In 1639, the college was renamed Harvard College after clergyman John Harvard, a University of Cambridge alumnus who had willed the new school £779 pounds sterling and his library of some 400 books. The colony charter creating the Harvard Corporation was granted in 1650 at the beginning of the English Interregnum. When the college's first president Henry Dunster abandoned Puritanism in favor of the English Baptist faith in 1654, he provoked a controversy that highlighted two distinct approaches to dealing with dissent in the Massachusetts
Harvard University endowment Harvard University endowment Harvard University's endowment (valued at $37.1 billion ) is the largest academic endowment in the world. Along with Harvard's pension assets, working capital, and non-cash gifts, it is managed by Harvard Management Company, Inc. (HMC), a Harvard-owned investment management company. 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. Jack