Civic Intelligence

Harvard Private Capital Realty Inc C/O Harvard Management Company Inc

EIN 22-3138409 • 501(c)3 • Boston, MA

Profile

Harvard private capital realty, inc. Invests funds for the benefit of the president and fellows of harvard college, a related 501(c)(3) supported organization.

600 ATLANTIC AVENUE C/O HMC IncBoston, MA 02210-2203

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1B+ nonprofits • Source year 2023

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1B+ nonprofits • Source year 2023

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$10,477,815

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2022

Asset Growth

35th percentile

3.9%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-61%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,820,459,647

Up $1,049,970,456 (+38%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$3,820,459,647

Up $1,049,970,456 (+38%) from 2023

Revenue

Up

$120,476,946

Up $16,641,561 (+16%) from 2023

Expenses

Down

$4,989

Down $27,429,371 (-100%) from 2023

Net Income

Up

$120,471,957

Up $44,070,932 (+58%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0B$6.0B$4.0B$2.0B$0Assets 2010: $2,253,096,339Liabilities 2010: $0Net Assets 2010: $2,253,096,3392010Assets 2011: $3,171,272,623Liabilities 2011: $0Net Assets 2011: $3,171,272,6232011Assets 2012: $3,866,513,950Liabilities 2012: $0Net Assets 2012: $3,866,513,9502012Assets 2013: $4,470,330,406Liabilities 2013: $0Net Assets 2013: $4,470,330,4062013Assets 2014: $5,061,301,899Liabilities 2014: $30,788Net Assets 2014: $5,061,271,1112014Assets 2015: $5,777,077,321Liabilities 2015: $0Net Assets 2015: $5,777,077,3212015Assets 2016: $6,624,554,194Liabilities 2016: $0Net Assets 2016: $6,624,554,1942016Assets 2017: $6,135,585,713Liabilities 2017: $0Net Assets 2017: $6,135,585,7132017Assets 2018: $4,171,566,122Liabilities 2018: $0Net Assets 2018: $4,171,566,1222018Assets 2019: $3,583,443,366Liabilities 2019: $0Net Assets 2019: $3,583,443,3662019Assets 2020: $2,998,851,670Liabilities 2020: $1,762,635Net Assets 2020: $2,997,089,0352020Assets 2021: $2,527,458,180Liabilities 2021: $0Net Assets 2021: $2,527,458,1802021Assets 2022: $2,666,818,046Liabilities 2022: $0Net Assets 2022: $2,666,818,0462022Assets 2023: $2,770,489,191Liabilities 2023: $0Net Assets 2023: $2,770,489,1912023Assets 2024: $3,820,459,647Liabilities 2024: $0Net Assets 2024: $3,820,459,6472024

Highlighted filing

2024

Assets$3,820,459,647
Liabilities$0
Net Assets$3,820,459,647

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0B$500M$0-$500MExpenses 2010: $429,920,3992010Revenue 2011: $92,080,176Expenses 2011: $65,345,736Net Income 2011: $26,734,4402011Expenses 2012: $54,970,4312012Expenses 2013: $44,227,6122013Revenue 2014: $580,320,696Expenses 2014: $53,281,765Net Income 2014: $527,038,9312014Revenue 2015: $205,393,468Expenses 2015: $48,820,368Net Income 2015: $156,573,1002015Revenue 2016: $656,866,407Expenses 2016: $51,442,807Net Income 2016: $605,423,6002016Revenue 2017: $337,346,561Expenses 2017: $54,921,238Net Income 2017: $282,425,3232017Revenue 2018: -$142,137,362Expenses 2018: $43,489,683Net Income 2018: -$185,627,0452018Revenue 2019: $371,188,590Expenses 2019: $32,949,152Net Income 2019: $338,239,4382019Revenue 2020: $446,321,800Expenses 2020: $41,797,212Net Income 2020: $404,524,5882020Revenue 2021: $415,073,812Expenses 2021: $31,015,744Net Income 2021: $384,058,0682021Revenue 2022: $266,986,118Expenses 2022: $25,827,951Net Income 2022: $241,158,1672022Revenue 2023: $103,835,385Expenses 2023: $27,434,360Net Income 2023: $76,401,0252023Revenue 2024: $120,476,946Expenses 2024: $4,989Net Income 2024: $120,471,9572024

Highlighted filing

2024

Revenue$120,476,946
Expenses$4,989
Net Income$120,471,957

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3,820$0.00$3,820$120$0.00$120
2023Detailed filing. Detailed filing data is available for this year.$2,770$0.00$2,770$104$27.4$76.4
2022Detailed filing. Detailed filing data is available for this year.$2,667$0.00$2,667$267$25.8$241
2021Detailed filing. Detailed filing data is available for this year.$2,527$0.00$2,527$415$31.0$384
2020Detailed filing. Detailed filing data is available for this year.$2,999$1.76$2,997$446$41.8$405
2019Detailed filing. Detailed filing data is available for this year.$3,583$0.00$3,583$371$32.9$338
2018Detailed filing. Detailed filing data is available for this year.$4,172$0.00$4,172$142$43.5$186
2017Detailed filing. Detailed filing data is available for this year.$6,136$0.00$6,136$337$54.9$282
2016Detailed filing. Detailed filing data is available for this year.$6,625$0.00$6,625$657$51.4$605
2015Detailed filing. Detailed filing data is available for this year.$5,777$0.00$5,777$205$48.8$157
2014Detailed filing. Detailed filing data is available for this year.$5,061$0.03$5,061$580$53.3$527
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4,470$0.00$4,470$44.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3,867$0.00$3,867$55.0
2011Summary only. Only limited summary data is available for this year.$3,171$0.00$3,171$92.1$65.3$26.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,253$0.00$2,253$430
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$644,758,569
Mission and Program Overview

Mission

Harvard private capital realty, inc. Invests funds for the benefit of president and fellows of harvard college, a related 501(c)(3) supported organization.

Invest funds for the benefit of President & Fellows of Harvard College, a related 501(c)(3) supported organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,668,463,056$3,777,183,924▲ $1,108,720,868
Pd in Cap Srpls Land Bldg Eqp Fund$2,707,557,171$2,707,557,171→ $0
Rtn Earn Endowment Incm Other Fnds$62,932,020$1,112,902,476▲ $1,049,970,456
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,770,489,191$3,820,459,647▲ $1,049,970,456
Other Assets Total$102,026,135$43,275,723▼ $58,750,412
Liabilities
Accounts Payable and Accrued Expenses$0--
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,770,489,191$3,820,459,647▲ $1,049,970,456
Total Liabilities and Net Assets / Fund Balance$2,770,489,191$3,820,459,647▲ $1,049,970,456

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,700,731,212--
Closely Held Equity Interests$1,076,452,712--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nirmal P NarvekarDirector & President
Kathryn I MurtaghDirector & Secretary
Sanjeev DagaDirector & Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rockpoint Group LLCInvestment Management3953 MAPLE AVENUE, SUITE 300, Dallas, TX 75219, Hk$327,390
Gateway V GP LtdInvestment Management7121 FAIRWAY DR, Palm Beach Gardens, FL 33418$247,865
Westbrook Realty Management X LPInvestment Management-$114,580
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$120,437,748
Other Revenue
$39,198
Change in Net Assets
$120,471,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,989
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$4,989--$4,989
Total Functional Expenses$4,989$0$0$4,989
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,258,739,293

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram ServicesInvestment--$1,122,706,419
Europe (Including Iceland and Greenland)Program ServicesInvestment--$98,674,626
North America (Canada & Mexico only)Program ServicesInvestment--$23,995,163
Central America and the CaribbeanProgram ServicesInvestment Management--$8,202,103
Europe (Including Iceland and Greenland)Program ServicesInvestment Management--$3,148,354
South AsiaProgram ServicesInvestment--$1,546,093
North America (Canada & Mexico only)Program ServicesInvestment Management--$466,535
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A

None of the voting members of the governing body are considered independent because they are compensated as employees by a related organization.

Form 990, Part VI, Line 2

Nirmal p. Narvekar is the director & president of harvard management company, inc. The following board members are employees of harvard management company, inc.: kathryn i. Murtagh sanjeev daga

Form 990, Part VI, Line 15

The organization does not pay compensation to its officers and directors, and has no key employees. All compensation is paid by a related organization for services provided to that organization. The related organization follows a compensation approval procedure that involves the hmc audit and compensation committee of the board, on an annual basis, approving proposed and final compensation arrangements using comparability data as well as contemporaneous documentation of compensation decisions in the minutes.

Form 990, Part VI, Line 6 Classes of members or stockholders

The organization's member is that person designated from time to time by the president or treasurer of the harvard corporation (called president and fellows of harvard college).

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The organization's member is that person designated from time to time by the president or treasurer of the harvard corporation (called president and fellows of harvard college). Directors are elected by the member.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The member has such powers and rights as are vested in him or her by massachusetts general laws, and, pursuant to the organization's by laws, has such other rights and powers as the directors may designate.

Form 990, Part VI, Line 11B Review of form 990 by governing body

In advance of finalizing the form 990, a draft of the return is reviewed by a subset of the board of directors and harvard management company, a related organization. A full copy of the final form 990 is distributed to all members of the filing organization's board of directors prior to filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy, which applies to all members of the board of directors and principal officers. Procedures are in place to identify conflicts of individuals to which the policy applies. If an individual becomes aware of a potential conflict, he or she is required to immediately disclose such conflict to the chief compliance officer of harvard management company, inc., a related organization. Conflicts are handled by board deliberation and board vote from which the interested party is excluded.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements and articles of organization are made available to the general public through the commonwealth of massachusetts office of the attorney general and the office of the secretary of state of the commonwealth of massachusetts, respectively. The organization's conflict of interest policy is not available to the general public.

Form 990, Part VII, Section A, Line 1A, Column (B)

The organization's directors are employees of harvard management company, inc., a related organization. These individuals are compensated by harvard management company, inc. For services performed as employees of that organization and work an average of 60 hours per week at harvard management company, inc. And its related organizations.

Filing and Contact Details

Filer

Filer Name
Harvard Private Capital Realty Inc
EIN
22-3138409
Phone
6177206682
Address
600 ATLANTIC AVENUE C/O HMC Inc, Boston, MA 02210-2203

Signing Officer

Name
David a Stafford
Title
Assistant Treasurer
Phone
6177206682
Signed
2025-05-14
Discuss with paid preparer
No

Organization Details

Formed
1990
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Description of organization mission: invest funds for the benefit of president & fellows of harvard college, a related 501(c)(3) supported organization.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Transfers to parent - -xxx-xx-xxxx; transfers from parent - 1256171556; transfer between entities - -515;

Form 990, Part XII, Line 2C

In accordance with generally accepted accounting principles (gaap) the financial information for harvard private capital realty, inc. Is included in the consolidated financial statements of president & fellows of harvard college. President & fellows of harvard college has a committee that assumes oversight of the audit and selection of the independent accountants.

Schedule F, Part I, Line 3

The expenditures listed in column f are actual expenditures incurred for investment management services in the regions listed. They are being reported on the accrual basis which is consistent with the financial statement presentation for fiscal year 2024.

Financial Statement Notes

Parts I-XII

The organization's consolidated financial statements do not include a fin 48 (asc 740) footnote relating to this entity.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0HARVARD PRIVATE CAPITAL REALTY, INC. INVESTS FUNDS FOR THE BENEFIT OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE, A RELATED 501(C)(3) SUPPORTED ORGANIZATION.
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IRS990/NetAssetsOrFundBalancesEOYAmt03820459647
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IRS990/NetUnrlzdGainsLossesInvstAmt032448657
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IRS990/OfficerMailingAddressInd0false
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IRS990/OtherChangesInNetAssetsAmt0897049842
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IRS990/OtherExpensesGrp/TotalAmt04989
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02707557171
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IRS990/PYInvestmentIncomeAmt0102574226
IRS990/PYOtherExpensesAmt027434360
IRS990/PYOtherRevenueAmt01261159
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IRS990/PYTotalExpensesAmt027434360
IRS990/PYTotalRevenueAmt0103835385
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0120471957
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IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042103580
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0359121199
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PRESIDENT AND FELLOWS OF HARVARD COLLEGE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleA/SupportSumAmt0359121199
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IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt01076452712
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS DO NOT INCLUDE A FIN 48 (ASC 740) FOOTNOTE RELATING TO THIS ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PARTS I-XII
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01122706419
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt18202103
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt298674626
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt33148354
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt423995163
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt5466535
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt61546093
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4North America (Canada & Mexico only)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5North America (Canada & Mexico only)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt6South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0INVESTMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1INVESTMENT MANAGEMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2INVESTMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3INVESTMENT MANAGEMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4INVESTMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5INVESTMENT MANAGEMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt6INVESTMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt6Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd0true
IRS990ScheduleF/ForeignPartnershipInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0true
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01258739293
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH ASIA-Accrual
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt01258739293
IRS990ScheduleF/TransferToForeignCorpInd0true
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt11500000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt24049578
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0999449
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1771528
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2775449
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt133000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt2109462
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt224822
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NIRMAL P NARVEKAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KATHRYN I MURTAGH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SANJEEV DAGA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR & PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR & SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Director & Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt12345032
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt24995699
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE REPORTING ORGANIZATION DOES NOT COMPENSATE ITS DIRECTORS. HARVARD MANAGEMENT COMPANY, A RELATED ORGANIZATION, COMPENSATED THE REPORTING ORGANIZATION'S PRESIDENT FOR SERVICES PROVIDED TO HMC AS CEO OF THAT ORGANIZATION. THE REPORTING ORGANIZATION RELIED UPON HMC TO ESTABLISH THE PRESIDENT'S COMPENSATION. THE HMC AUDIT AND COMPENSATION COMMITTEE OF THE BOARD, ON AN ANNUAL BASIS, APPROVES PROPOSED AND FINAL COMPENSATION ARRANGEMENTS USING COMPARABILITY DATA AS WELL AS CONTEMPORANEOUS DOCUMENTATION OF COMPENSATION DECISIONS IN THE MINUTES.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT & CEO, THE CIO, THE COO & TREASURER, AND FOUR HIGHEST COMPENSATED EMPLOYEES ARE REQUIRED TO PROVIDE CONTINUED SERVICE TO HARVARD MANAGEMENT COMPANY, INC. THROUGH SPECIFIED DATES IN ORDER TO RECEIVE CERTAIN COMPENSATION. RATABLE ACCRUALS OF AMOUNTS TO BE PAID IN FUTURE YEARS ARE INCLUDED IN COLUMN (C).
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule J, Part I, Line 4b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF ORGANIZATION MISSION: INVEST FUNDS FOR THE BENEFIT OF PRESIDENT & FELLOWS OF HARVARD COLLEGE, A RELATED 501(C)(3) SUPPORTED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NONE OF THE VOTING MEMBERS OF THE GOVERNING BODY ARE CONSIDERED INDEPENDENT BECAUSE THEY ARE COMPENSATED AS EMPLOYEES BY A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NIRMAL P. NARVEKAR IS THE DIRECTOR & PRESIDENT OF HARVARD MANAGEMENT COMPANY, INC. THE FOLLOWING BOARD MEMBERS ARE EMPLOYEES OF HARVARD MANAGEMENT COMPANY, INC.: KATHRYN I. MURTAGH SANJEEV DAGA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT PAY COMPENSATION TO ITS OFFICERS AND DIRECTORS, AND HAS NO KEY EMPLOYEES. ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION FOR SERVICES PROVIDED TO THAT ORGANIZATION. THE RELATED ORGANIZATION FOLLOWS A COMPENSATION APPROVAL PROCEDURE THAT INVOLVES THE HMC AUDIT AND COMPENSATION COMMITTEE OF THE BOARD, ON AN ANNUAL BASIS, APPROVING PROPOSED AND FINAL COMPENSATION ARRANGEMENTS USING COMPARABILITY DATA AS WELL AS CONTEMPORANEOUS DOCUMENTATION OF COMPENSATION DECISIONS IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S MEMBER IS THAT PERSON DESIGNATED FROM TIME TO TIME BY THE PRESIDENT OR TREASURER OF THE HARVARD CORPORATION (CALLED PRESIDENT AND FELLOWS OF HARVARD COLLEGE).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S MEMBER IS THAT PERSON DESIGNATED FROM TIME TO TIME BY THE PRESIDENT OR TREASURER OF THE HARVARD CORPORATION (CALLED PRESIDENT AND FELLOWS OF HARVARD COLLEGE). DIRECTORS ARE ELECTED BY THE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MEMBER HAS SUCH POWERS AND RIGHTS AS ARE VESTED IN HIM OR HER BY MASSACHUSETTS GENERAL LAWS, AND, PURSUANT TO THE ORGANIZATION'S BY LAWS, HAS SUCH OTHER RIGHTS AND POWERS AS THE DIRECTORS MAY DESIGNATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7IN ADVANCE OF FINALIZING THE FORM 990, A DRAFT OF THE RETURN IS REVIEWED BY A SUBSET OF THE BOARD OF DIRECTORS AND HARVARD MANAGEMENT COMPANY, A RELATED ORGANIZATION. A FULL COPY OF THE FINAL FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE FILING ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY, WHICH APPLIES TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND PRINCIPAL OFFICERS. PROCEDURES ARE IN PLACE TO IDENTIFY CONFLICTS OF INDIVIDUALS TO WHICH THE POLICY APPLIES. IF AN INDIVIDUAL BECOMES AWARE OF A POTENTIAL CONFLICT, HE OR SHE IS REQUIRED TO IMMEDIATELY DISCLOSE SUCH CONFLICT TO THE CHIEF COMPLIANCE OFFICER OF HARVARD MANAGEMENT COMPANY, INC., A RELATED ORGANIZATION. CONFLICTS ARE HANDLED BY BOARD DELIBERATION AND BOARD VOTE FROM WHICH THE INTERESTED PARTY IS EXCLUDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FINANCIAL STATEMENTS AND ARTICLES OF ORGANIZATION ARE MADE AVAILABLE TO THE GENERAL PUBLIC THROUGH THE COMMONWEALTH OF MASSACHUSETTS OFFICE OF THE ATTORNEY GENERAL AND THE OFFICE OF THE SECRETARY OF STATE OF THE COMMONWEALTH OF MASSACHUSETTS, RESPECTIVELY. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE ORGANIZATION'S DIRECTORS ARE EMPLOYEES OF HARVARD MANAGEMENT COMPANY, INC., A RELATED ORGANIZATION. THESE INDIVIDUALS ARE COMPENSATED BY HARVARD MANAGEMENT COMPANY, INC. FOR SERVICES PERFORMED AS EMPLOYEES OF THAT ORGANIZATION AND WORK AN AVERAGE OF 60 HOURS PER WEEK AT HARVARD MANAGEMENT COMPANY, INC. AND ITS RELATED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11TRANSFERS TO PARENT - -XXX-XX-XXXX; TRANSFERS FROM PARENT - 1256171556; TRANSFER BETWEEN ENTITIES - -515;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) THE FINANCIAL INFORMATION FOR HARVARD PRIVATE CAPITAL REALTY, INC. IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF PRESIDENT & FELLOWS OF HARVARD COLLEGE. PRESIDENT & FELLOWS OF HARVARD COLLEGE HAS A COMMITTEE THAT ASSUMES OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13THE EXPENDITURES LISTED IN COLUMN F ARE ACTUAL EXPENDITURES INCURRED FOR INVESTMENT MANAGEMENT SERVICES IN THE REGIONS LISTED. THEY ARE BEING REPORTED ON THE ACCRUAL BASIS WHICH IS CONSISTENT WITH THE FINANCIAL STATEMENT PRESENTATION FOR FISCAL YEAR 2024.

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