
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.
$145.3M
$70.6B
$6.1B
$6.3B
Most grants fall between $25K and $316K, with a median of $86K.
25th Percentile
$25K
Median
$86K
75th Percentile
$316K
About 31% of grants go to recipients in MA.
Top 3 recipient countries by grant volume for President and Fellows of Harvard College.
| Rank | Country | Grants | Total | Share |
|---|---|---|---|---|
| 1 | United StatesDomestic | 655 | $300.6M | 98.6% |
| 2 | Puerto Rico | 6 | $2.1M |
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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.
2024
Source: IRS Form 990-PF, fiscal year 2024.
0.9% |
| 3 | Canada | 3 | $145K | 0.5% |
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 |
|---|---|---|---|---|
| BRIGHAM AND WOMEN'S HOSPITAL INC | BOSTON, MA | $14,827,902 | 2024 | RESEARCH SUB-AWARD |
| FRONTIER SCI TECH FDN | CHESTNUT HILL, MA | $14,725,144 | 2024 | RESEARCH SUB-AWARD |
| MASSACHUSETTS GENERAL HOSPITAL | BOSTON, MA | $11,257,965 | 2024 | RESEARCH SUB-AWARD |
| CHILDREN'S HOSPITAL BOSTON | BOSTON, MA | $7,795,315 | 2024 | RESEARCH SUB-AWARD |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | CAMBRIDGE, MA | $7,272,639 | 2024 | RESEARCH SUB-AWARD |
| DANA-FARBER CANCER INSTITUTE | BOSTON, MA | $4,707,131 | 2024 | RESEARCH SUB-AWARD |
| UMASS MEDICAL SCHOOL | WORCESTER, MA | $3,388,509 | 2024 | RESEARCH SUB-AWARD |
| THE BROAD INSTITUTE | CAMBRIDGE, MA | $3,277,681 | 2024 | RESEARCH SUB-AWARD |
| BETH ISRAEL DEACONESS MEDICAL CENTER | BOSTON, MA | $2,618,515 | 2024 | RESEARCH SUB-AWARD |
| STANFORD UNIVERSITY | PALO ALTO, CA | $2,341,399 | 2024 | RESEARCH SUB-AWARD |
| UNIVERSITY OF WASHINGTON | SEATTLE, WA | $1,912,882 | 2024 | RESEARCH SUB-AWARD |
| UNIVERSITY OF PITTSBURGH | PITTSBURGH, PA | $1,765,918 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| RAGON INSTITUTE OF MGH MIT AND HARVARD | CHARLESTOWN, MA | $1,749,725 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| ANN AND ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO | CHICAGO, IL | $1,610,995 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| BAYLOR COLLEGE OF MEDICINE | HOUSTON, TX | $1,604,984 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK | NEW YORK, NY | $1,571,867 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| UNITED STATES BUREAU OF THE CENSUS | SUITLAND, MD | $1,447,951 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| WESTAT CORPORATION | ROCKVILLE, MD | $1,349,460 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA - LOS ANGELES | LOS ANGELES, CA | $1,291,343 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| JOSLIN DIABETES CENTER | BOSTON, MA | $1,230,117 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| REGENTS OF THE UNIVERSITY OF MINNESOTA | MINNEAPOLIS, MN | $1,218,741 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| TRUSTEES OF BOSTON UNIVERSITY | BOSTON, MA | $1,160,071 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF SOUTHERN CALIFORNIA | LOS ANGELES, CA | $1,041,470 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| TRUSTEES OF DARTMOUTH COLLEGE | HANOVER, NH | $1,013,025 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| SMITHSONIAN ASTROPHYSICAL OBSERVATORY | CAMBRIDGE, MA | $1,005,691 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| CORNELL UNIVERSITY | ITHACA, NY | $975,442 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| INDIANA UNIVERSITY | BLOOMINGTON, IN | $952,622 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| JOHNS HOPKINS UNIVERSITY | BALTIMORE, MD | $951,225 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF MARYLAND COLLEGE PARK | COLLEGE PARK, MD | $923,086 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA-BIRMINGHAM | BIRMINGHAM, AL | $905,569 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| OLIVANN | ALAMEDA, CA | $900,000 | 2024 | DAF DISTRIBUTION/CHARITABLE CONTRIBUTIONS |
| UNIVERSITY OF SOUTHERN CALIFORNIA SCHOOL OF MEDICINE | LOS ANGELES, CA | $887,962 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL | MEMPHIS, TN | $852,257 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| THE RESEARCH FOUNDATION OF STATE UNIVERSITY OF NEW YORK | ALBANY, NY | $839,053 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| TULANE UNIVERSITY | NEW ORLEANS, LA | $832,670 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| BRONX-LEBANON HOSPITAL CENTER | BRONX, NY | $803,068 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| ZETTA AI LLC | SHERRILL, NY | $802,605 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| BOSTON UNIVERSITY SCHOOL OF MEDICINE | BOSTON, MA | $797,657 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| NORTHEASTERN UNIVERSITY | BOSTON, MA | $793,786 | 2024 | COMMUNITY GIFT AND CHARITABLE CONTRIBUTIONS AND SPONSORED RESEARCH SUB-AWARD |
| THE REGENTS OF THE UNIVERSITY OF COLORADO | DENVER, CO | $745,273 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| CASE WESTERN RESERVE UNIVERSITY | CLEVELAND, OH | $726,560 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND | BOSTON, MA | $713,968 | 2024 | DAF DISTRIBUTION/CHARITABLE CONTRIBUTIONS AND COMMUNITY GIFT |
| UNIVERSITY OF FLORIDA | GAINESVILLE, FL | $686,164 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| EMORY UNIVERSITY | ATLANTA, GA | $673,406 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY | NEWARK, NJ | $643,300 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| HENRY M JACKSON FNDN FOR THE ADVANCEMENT OF MILITARY MED | BETHESDA, MD | $633,950 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN DIEGO | LA JOLLA, CA | $628,516 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF TEXAS - AUSTIN | AUSTIN, TX | $620,466 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL | CHAPEL HILL, NC | $615,062 | 2024 | SPONSORED RESEARCH SUB-AWARD |
| UNIVERSITY OF MIAMI | CORAL GABLES, FL | $595,996 | 2024 | SPONSORED RESEARCH SUB-AWARD |
BRIGHAM AND WOMEN'S HOSPITAL INC
$14,827,902RESEARCH SUB-AWARD
FRONTIER SCI TECH FDN
$14,725,144RESEARCH SUB-AWARD
MASSACHUSETTS GENERAL HOSPITAL
$11,257,965RESEARCH SUB-AWARD
CHILDREN'S HOSPITAL BOSTON
$7,795,315RESEARCH SUB-AWARD
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
$7,272,639RESEARCH SUB-AWARD
DANA-FARBER CANCER INSTITUTE
$4,707,131RESEARCH SUB-AWARD
UMASS MEDICAL SCHOOL
$3,388,509RESEARCH SUB-AWARD
THE BROAD INSTITUTE
$3,277,681RESEARCH SUB-AWARD
BETH ISRAEL DEACONESS MEDICAL CENTER
$2,618,515RESEARCH SUB-AWARD
STANFORD UNIVERSITY
$2,341,399RESEARCH SUB-AWARD
UNIVERSITY OF WASHINGTON
$1,912,882RESEARCH SUB-AWARD
UNIVERSITY OF PITTSBURGH
$1,765,918SPONSORED RESEARCH SUB-AWARD
RAGON INSTITUTE OF MGH MIT AND HARVARD
$1,749,725SPONSORED RESEARCH SUB-AWARD
ANN AND ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO
$1,610,995SPONSORED RESEARCH SUB-AWARD
BAYLOR COLLEGE OF MEDICINE
$1,604,984SPONSORED RESEARCH SUB-AWARD
THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
$1,571,867SPONSORED RESEARCH SUB-AWARD
UNITED STATES BUREAU OF THE CENSUS
$1,447,951SPONSORED RESEARCH SUB-AWARD
WESTAT CORPORATION
$1,349,460SPONSORED RESEARCH SUB-AWARD
REGENTS OF THE UNIVERSITY OF CALIFORNIA - LOS ANGELES
$1,291,343SPONSORED RESEARCH SUB-AWARD
JOSLIN DIABETES CENTER
$1,230,117SPONSORED RESEARCH SUB-AWARD
REGENTS OF THE UNIVERSITY OF MINNESOTA
$1,218,741SPONSORED RESEARCH SUB-AWARD
TRUSTEES OF BOSTON UNIVERSITY
$1,160,071SPONSORED RESEARCH SUB-AWARD
UNIVERSITY OF SOUTHERN CALIFORNIA
$1,041,470SPONSORED RESEARCH SUB-AWARD
TRUSTEES OF DARTMOUTH COLLEGE
$1,013,025SPONSORED RESEARCH SUB-AWARD
SMITHSONIAN ASTROPHYSICAL OBSERVATORY
$1,005,691SPONSORED RESEARCH SUB-AWARD
CORNELL UNIVERSITY
$975,442SPONSORED RESEARCH SUB-AWARD
INDIANA UNIVERSITY
$952,622SPONSORED RESEARCH SUB-AWARD
JOHNS HOPKINS UNIVERSITY
$951,225SPONSORED RESEARCH SUB-AWARD
UNIVERSITY OF MARYLAND COLLEGE PARK
$923,086SPONSORED RESEARCH SUB-AWARD
BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA-BIRMINGHAM
$905,569SPONSORED RESEARCH SUB-AWARD
OLIVANN
$900,000DAF DISTRIBUTION/CHARITABLE CONTRIBUTIONS
UNIVERSITY OF SOUTHERN CALIFORNIA SCHOOL OF MEDICINE
$887,962SPONSORED RESEARCH SUB-AWARD
ST JUDE CHILDREN'S RESEARCH HOSPITAL
$852,257SPONSORED RESEARCH SUB-AWARD
THE RESEARCH FOUNDATION OF STATE UNIVERSITY OF NEW YORK
$839,053SPONSORED RESEARCH SUB-AWARD
TULANE UNIVERSITY
$832,670SPONSORED RESEARCH SUB-AWARD
BRONX-LEBANON HOSPITAL CENTER
$803,068SPONSORED RESEARCH SUB-AWARD
ZETTA AI LLC
$802,605SPONSORED RESEARCH SUB-AWARD
BOSTON UNIVERSITY SCHOOL OF MEDICINE
$797,657SPONSORED RESEARCH SUB-AWARD
NORTHEASTERN UNIVERSITY
$793,786COMMUNITY GIFT AND CHARITABLE CONTRIBUTIONS AND SPONSORED RESEARCH SUB-AWARD
THE REGENTS OF THE UNIVERSITY OF COLORADO
$745,273SPONSORED RESEARCH SUB-AWARD
CASE WESTERN RESERVE UNIVERSITY
$726,560SPONSORED RESEARCH SUB-AWARD
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$713,968DAF DISTRIBUTION/CHARITABLE CONTRIBUTIONS AND COMMUNITY GIFT
UNIVERSITY OF FLORIDA
$686,164SPONSORED RESEARCH SUB-AWARD
EMORY UNIVERSITY
$673,406SPONSORED RESEARCH SUB-AWARD
UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY
$643,300SPONSORED RESEARCH SUB-AWARD
HENRY M JACKSON FNDN FOR THE ADVANCEMENT OF MILITARY MED
$633,950SPONSORED RESEARCH SUB-AWARD
REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN DIEGO
$628,516SPONSORED RESEARCH SUB-AWARD
UNIVERSITY OF TEXAS - AUSTIN
$620,466SPONSORED RESEARCH SUB-AWARD
UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL
$615,062SPONSORED RESEARCH SUB-AWARD
UNIVERSITY OF MIAMI
$595,996SPONSORED RESEARCH SUB-AWARD