The Harvard T.H. Chan School of Public Health continues to pursue its strategy of revenue diversification and expense management on the path to returning to a balanced budget. In fiscal year 2015, revenues totaled $338 million, with endowment income and education revenue continuing to grow. Although sponsored research support was slightly lower than anticipated, a record-setting number of proposals submitted, as well as an increase in awards received from the National Institutes of Health, foster optimism about future growth. Total expenses rose by less than 1 percent.
The most notable financial event during fiscal year 2015 was the announcement of the $350 million naming gift from the Morningside Foundation.
Fiscal year 2015 was another record-breaking fundraising year, with a total of $424.6 million raised. Excluding the $350 million naming gift—an unrestricted endowment gift that may not be spent, but will generate income for the School beginning in fiscal year 2016—the School has raised a total of $321.5 million toward its Campaign goal of $450 million. So far, we have raised the following amounts across our Campaign themes: $89.6 million for Old and New Pandemics; $79.4 million for Poverty and Humanitarian Crises; $78.3 million for Failing Health Systems; and $74.3 million for Harmful Physical and Social Environments. Faculty and staff giving increased by a remarkable 83 percent in fiscal year 2015, bringing in more than $1.6 million. Gifts from 1,349 alumni brought the alumni giving rate to just over 10 percent. Gifts to financial aid totaled $3.2 million. And during this fiscal year, 381 new donors joined the ranks of supporters.