
President and Fellows of Harvard College (through Harvard Business School channels) prioritizes funding that strengthens HBS's educational mission—particularly experiential global immersion (FIELD), student financial aid, faculty research, and social enterprise/entrepreneurship initiatives. Most support flows to internal HBS programs, student teams, alumni entrepreneurs, and named research funds rather than to open external competitions. Funding ranges from small, demand-driven student awards to large donor-funded endowments and program gifts.
President and Fellows of Harvard College’s recent giving is defined by large research sub-awards and sponsored research sub-awards that move through Harvard Business School and affiliated academic channels, with some awards reaching well into eight figures. In the recent grants list, Frontier Sci Tech Fdn received $15,220,846 in 2023 and $14,725,144 in 2024 for research sub-awards, while Brigham and Women's Hospital Inc received $14,827,902 in 2024 for the same purpose. The pattern points to a funder that supports complex, institution-based projects rather than a narrow public-grant competition. Much of the activity centers on biomedical and university research partners, including Massachusetts General Hospital, Massachusetts Institute of Technology, Children’s Hospital Boston, and Dana-farber Cancer Institute. Support also reaches sponsored research work at universities such as Stanford University, the University of Pittsburgh, and the University of Washington. Alongside those large institutional awards, the foundation also makes charitable and DAF-linked distributions in selected cases, showing a mix of research administration and discretionary philanthropic support. For researchers, this is a foundation whose giving is closely tied to affiliated academic and scientific initiatives, with recurring awards across multiple years and a strong emphasis on coordinated project funding.
A major share of the recent grants supports medical and life-science research. The foundation gave $14,827,902 to Brigham and Women's Hospital Inc in 2024 for research sub-awards, $11,257,965 to Massachusetts General Hospital in 2024, and $7,795,315 to Children’s Hospital Boston in 2024. Another cluster goes to scientific and university partners: Massachusetts Institute of Technology received $10,910,731 in 2023 and $7,272,639 in 2024, while The Broad Institute received $3,388,509 in 2024. It also funds sponsored research at universities beyond Massachusetts. Stanford University received $2,341,399 in 2024 and $1,790,750 in 2023, the University of Pittsburgh received $2,071,247 in 2023 and $1,765,918 in 2024, and the University of Washington received $1,912,882 in 2024. That mix shows a research-oriented portfolio that reaches both Boston-area institutions and national academic collaborators.
$273.3M
$79.9B
$8.3B
$7.2B
Most grants fall between $25K and $316K, with a median of $86K.
25th Percentile
$25K
Median
$86K
75th Percentile
$316K
Top 3 recipient countries by grant volume for President and Fellows of Harvard College.
| Rank | Country | Grants | Total | Share |
|---|---|---|---|---|
| 1 | United StatesDomestic | 1,345 | $753.1M | 98.9% |
| 2 | Puerto Rico |
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Primarily donor-driven and internal grantmaking: invite-only or not open to unsolicited proposals. Funding scales from micro-grants (~$1–2k) for student projects to six-figure gifts ($250k+) and multi-year endowed commitments (~$1M) for program/field support; application or access is normally via HBS development/alumni channels or by invitation.
Notable grantees: Harvard Business School - FIELD Global Immersion program, Harvard Alumni Entrepreneurs (HAE) accelerator, HBS student social enterprise teams (Independent Projects Awards)
Typical grant size sits at a p25 of $25,000, median of $86,394, and p75 of $315,828, but the recent grants show a wide spread from smaller awards to multimillion-dollar sub-awards. The same recipients often appear across years, including Frontier Sci Tech Fdn, Brigham and Women's Hospital Inc, Massachusetts General Hospital, and Stanford University, which suggests recurring institutional relationships rather than one-off gifts. The foundation is classified as a regular funder, and it also funds individuals. The recent record includes research sub-awards, sponsored research sub-awards, and at least one DAF distribution/charitable contributions item, indicating multiple grantmaking channels rather than a single program model.
Most grants go to recipients in the United States, which account for 655 awards or 98.6% of the grant count. Massachusetts is the top state by grant count, and the recent list shows repeated awards to Boston, Cambridge, Charlestown, Chestnut Hill, and Worcester. Outside the state, grants also land in Palo Alto, Seattle, Pittsburgh, Chicago, Houston, Hanover, and Media. The country distribution includes small numbers of recipients in CA and RQ as well.
Recent grants go mainly to academic and medical institutions and research organizations. Examples in the list include Brigham and Women's Hospital Inc, Massachusetts General Hospital, Massachusetts Institute of Technology, The Broad Institute, Stanford University, and the University of Pittsburgh.
The typical grant size is $25,000 at the 25th percentile, $86,394 at the median, and $315,828 at the 75th percentile. The recent grants also include several multimillion-dollar research sub-awards, showing a wide range in award size.
Yes. Several recipients appear across multiple years, including Frontier Sci Tech Fdn, Brigham and Women's Hospital Inc, Massachusetts General Hospital, Massachusetts Institute of Technology, The Broad Institute, and Stanford University.
Massachusetts is the top state by grant count, and 31% of grants go to recipients in the HQ state. The recent list includes many recipients in Boston, Cambridge, Charlestown, Chestnut Hill, and Worcester.
The recent record centers on research sub-awards and sponsored research sub-awards, especially in biomedical and scientific settings. It also includes a DAF distribution/charitable contributions item and grants connected to university research partners.
2026
Source: IRS Form 990-PF, fiscal year 2026.
| 12 |
| $4.6M |
0.9% |
| 3 | Canada | 3 | $145K | 0.2% |
Recipient country reflects the grantee's headquarters per IRS 990-PF and Schedule F filings, not the program's implementation country.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| MASSACHUSETTS GENERAL HOSPITAL | BOSTON, MA | $27,369,309 | 2026 | RSRCH & NON-SPONS. AWARD |
| BRIGHAM AND WOMEN'S HOSPITAL INC | BOSTON, MA | $24,690,047 | 2026 | RSRCH & NON-SPONS. AWARD |
| FRONTIER SCI TECH FDN | BOSTON, MA | $18,744,422 | 2026 | RESEARCH SUB-AWARD |
| DANA FARBER CANCER INST | BOSTON, MA | $18,560,703 | 2026 | DAF DISTR. & RSRCH AWARD |
| CHILDREN'S HOSPITAL CORPORATION | BOSTON, MA | $12,177,708 | 2026 | RSRCH & NON-SPONS. AWARD |
| CHILDRENS HOSPITAL PEDIATRIC ASSOC | BOSTON, MA | $7,466,068 | 2026 | NON-SPONSORED AWARD |
| ASSOC PHYS HARV MED PHYS AT BIDMC | BOSTON, MA | $6,846,179 | 2026 | NON-SPONSORED AWARD |
| BIFROST BIOSYSTEMS INC | BERKELEY, CA | $6,470,731 | 2026 | RESEARCH SUB-AWARD |
| GREATER KANSAS CITY COMMUNITY FDN | ST LOUIS, MO | $6,151,618 | 2026 | DAF DISTRIBUTION |
| BETH ISRAEL DEACONESS MEDICAL CENTER | BOSTON, MA | $5,375,245 | 2026 | RSRCH & NON-SPONS. AWARD |
| MASSACHUSETTS EYE AND EAR INFIRMARY | BOSTON, MA | $5,179,529 | 2026 | RSRCH & NON-SPONS. AWARD |
| ALLEN INSTITUTE | SEATTLE, WA | $5,168,359 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | CAMBRIDGE, MA | $4,945,529 | 2026 | SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD |
| PRINCETON UNIVERSITY | PRINCETON, NJ | $4,816,975 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| THE BROAD INSTITUTE | CAMBRIDGE, MA | $4,461,420 | 2026 | SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD |
| BLASTID | BOSTON, MA | $3,688,122 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| BAYLOR COLLEGE OF MEDICINE | HOUSTON, TX | $3,002,679 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| STANFORD UNIVERSITY | STANFORD, CA | $2,945,926 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| NORTHEASTERN UNIVERSITY | BOSTON, MA | $2,835,505 | 2026 | CHARITABLE CONTRIBUTION & SPONSORED RESEARCH SUB-AWARD |
| BOSTON REDEVELOPMENT AUTHORITY | BOSTON, MA | $2,810,696 | 2026 | CHARITABLE CONTRIBUTION |
| UNIVERSITY OF SOUTHERN CALIFORNIA | LOS ANGELES, CA | $2,446,470 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF MASSACHUSETTS | AMHERST, MA | $2,225,005 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF PITTSBURGH | PITTSBURGH, PA | $2,156,151 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| REGENTS OF THE UNIVERSITY OF COLORADO | AURORA, CO | $1,814,762 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN DIEGO | LA JOLLA, CA | $1,693,874 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| TRUSTEES OF BOSTON UNIVERSITY | BOSTON, MA | $1,663,753 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| CHILDRENS ORTHOPAEDIC SURGERY FOUNDATION | BOSTON, MA | $1,657,665 | 2026 | NON-SPONSORED AWARD |
| ANN AND ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO | CHICAGO, IL | $1,614,538 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| THE MCLEAN HOSPITAL CORPORATION | BELMONT, MA | $1,579,106 | 2026 | SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN FRANCISCO | SAN FRANCISCO, CA | $1,570,400 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| UNITED STATES BUREAU OF THE CENSUS | WASHINGTON, DC | $1,550,319 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| WESTAT CORPORATION | ROCKVILLE, MD | $1,514,217 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| HARVARD HILLEL | CAMBRIDGE, MA | $1,508,915 | 2026 | CHARITABLE CONTRIBUTION |
| COLUMBIA UNIVERSITY | NEW YORK, NY | $1,473,062 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| JOHNS HOPKINS UNIVERSITY | BALTIMORE, MD | $1,467,849 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| RAGON INSTITUTE OF MGH MIT AND HARVARD | CHARLESTOWN, MA | $1,402,542 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| WASHINGTON UNIVERSITY | ST LOUIS, MO | $1,371,210 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| MASS GENERAL BRIGHAM | SOMERVILLE, MA | $1,350,238 | 2026 | SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA - LOS ANGELES | LOS ANGELES, CA | $1,319,263 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF WASHINGTON | SEATTLE, WA | $1,260,979 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| BROWN UNIVERSITY | PROVIDENCE, RI | $1,241,427 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| REGENTS OF THE UNIVERSITY OF MINNESOTA | MINNEAPOLIS, MN | $1,224,393 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| RUTGERS BIOMEDICAL AND HEALTH SCIENCES | NEWARK, NJ | $1,169,787 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF CHICAGO | CHICAGO, IL | $1,158,145 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| QUERA COMPUTING INC | BOSTON, MA | $1,155,109 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| MASSACHUSETTS EYE AND EAR ASSOCIATES INC | BOSTON, MA | $1,127,486 | 2026 | NON-SPONSORED AWARD |
| RAND CORPORATION | SANTA MONICA, CA | $1,105,566 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL | MEMPHIS, TN | $1,001,593 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| INDIANA UNIVERSITY | BLOOMINGTON, IN | $963,183 | 2026 | SPONSORED RESEARCH SUB-AWARD |
| THE SPAULDING REHABILITATION HOSPITAL CORPORATION | CHARLESTOWN, MA | $955,012 | 2026 | SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD |
MASSACHUSETTS GENERAL HOSPITAL
$27,369,309RSRCH & NON-SPONS. AWARD
BRIGHAM AND WOMEN'S HOSPITAL INC
$24,690,047RSRCH & NON-SPONS. AWARD
CHILDRENS HOSPITAL PEDIATRIC ASSOC
NON-SPONSORED AWARD
ASSOC PHYS HARV MED PHYS AT BIDMC
$6,846,179NON-SPONSORED AWARD
BIFROST BIOSYSTEMS INC
$6,470,731RESEARCH SUB-AWARD
MASSACHUSETTS EYE AND EAR INFIRMARY
$5,179,529RSRCH & NON-SPONS. AWARD
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
$4,945,529SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
BLASTID
$3,688,122SPONSORED RESEARCH SUB-AWARD
CHARITABLE CONTRIBUTION & SPONSORED RESEARCH SUB-AWARD
BOSTON REDEVELOPMENT AUTHORITY
$2,810,696CHARITABLE CONTRIBUTION
UNIVERSITY OF MASSACHUSETTS
$2,225,005SPONSORED RESEARCH SUB-AWARD
REGENTS OF THE UNIVERSITY OF COLORADO
$1,814,762SPONSORED RESEARCH SUB-AWARD
REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN DIEGO
$1,693,874SPONSORED RESEARCH SUB-AWARD
CHILDRENS ORTHOPAEDIC SURGERY FOUNDATION
$1,657,665NON-SPONSORED AWARD
SPONSORED RESEARCH SUB-AWARD
THE MCLEAN HOSPITAL CORPORATION
$1,579,106SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD
REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN FRANCISCO
$1,570,400SPONSORED RESEARCH SUB-AWARD
UNITED STATES BUREAU OF THE CENSUS
$1,550,319SPONSORED RESEARCH SUB-AWARD
WESTAT CORPORATION
$1,514,217SPONSORED RESEARCH SUB-AWARD
RAGON INSTITUTE OF MGH MIT AND HARVARD
$1,402,542SPONSORED RESEARCH SUB-AWARD
REGENTS OF THE UNIVERSITY OF CALIFORNIA - LOS ANGELES
$1,319,263SPONSORED RESEARCH SUB-AWARD
UNIVERSITY OF WASHINGTON
$1,260,979SPONSORED RESEARCH SUB-AWARD
REGENTS OF THE UNIVERSITY OF MINNESOTA
$1,224,393SPONSORED RESEARCH SUB-AWARD
RUTGERS BIOMEDICAL AND HEALTH SCIENCES
$1,169,787SPONSORED RESEARCH SUB-AWARD
QUERA COMPUTING INC
$1,155,109SPONSORED RESEARCH SUB-AWARD
MASSACHUSETTS EYE AND EAR ASSOCIATES INC
$1,127,486NON-SPONSORED AWARD
RAND CORPORATION
$1,105,566SPONSORED RESEARCH SUB-AWARD
INDIANA UNIVERSITY
$963,183SPONSORED RESEARCH SUB-AWARD
THE SPAULDING REHABILITATION HOSPITAL CORPORATION
$955,012SPONSORED RESEARCH SUB-AWARD & NON-SPONSORED AWARD