President and Fellows of Harvard College

The President and Fellows of Harvard College (also called the Harvard Corporation) is the smaller of Harvard University's two governing boards, the other being its Board of Overseers.

History

In 1650, at the request of Harvard President Henry Dunster, the Great and General Court of Massachusetts issued the body's charter, making it now the oldest corporation in the Americas; the subsequent Constitution of the Commonwealth of Massachusetts confirmed that, despite the change in government, the corporation would continue to "have, hold, use, exercise and enjoy" its property and legal privileges.^[1] Although the institution it governs has grown into Harvard University (of which Harvard College is one of several components), the corporation's formal title remains the President and Fellows of Harvard College.

Presidents Josiah Quincy, Edward Everett, Jared Sparks, James Walker and Cornelius Conway Felton

The corporation was probably originally intended to be a body of the school's resident instructors, similar to the fellows of an Oxbridge college. However, it fell into the now-familiar American model of a governing board—an outside body whose members are not involved in the institution's daily life, which meets periodically to consult with the day-to-day head, the president (whom it appoints). The Corporation is self-perpetuating, appointing new members to fill its own vacancies as they arise.

For most of its history, the Corporation was consisted of six fellows in addition to the president. But after the abortive presidency of Lawrence Summers and a large endowment decline in 2008–2009, a year-long governance review was conducted. In December 2010, it announced that the Corporation's "composition, structure, and practices" would be greatly altered: the number of fellows would increase from seven to 13, with prescribed terms of service, and several new committees would endeavor to improve the group's integration with the activities of the University as a whole, especially its long-term planning.^[2]

Current Fellows

There are currently thirteen members of the Corporation.

Name	Degree	Year appointed	Occupation
Lawrence Bacow	JD 1976, MPP 1976, PhD 1978	2011^[3]	President of Harvard University.
Jim Breyer	MBA 1987	2013^[4]	founder and CEO of Breyer Capital
Kenneth Chenault	JD 1976	2014^[5]	former CEO of American Express
Paul Finnegan, Treasurer	AB 1975, MBA 1982	2012^[6]	co-CEO of Madison Dearborn Partners
Mariano-Florentino Cuéllar	AB 1993	2019^[3]	Justice of the Supreme Court of California
William F. Lee, Senior Fellow	AB 1972	2010	co-managing partner at Wilmer Cutler Pickering Hale and Dorr
Carolyn Martin	PhD 1985 (University of Wisconsin–Madison)	2018^[7]	President of Amherst College
Jessica Mathews	AB 1967	2013^[8]	former President of the Carnegie Endowment for International Peace
Karen Mills	AB 1975, MBA 1977	2014^[5]	former Administrator of the U.S. Small Business Administration
Penny Pritzker	AB 1981	2018^[7]	former United States Secretary of Commerce
David Rubenstein	JD 1973 (University of Chicago)	2017	co-CEO of The Carlyle Group
Shirley M. Tilghman	LLD 2004 (Honorary)	2017	former president of Princeton University
Ted Wells	JD 1976, MBA 1976	2013^[8]	partner at Paul, Weiss, Rifkind, Wharton & Garrison

References

^ "Massachusetts Constitution, Chapter V".
^ "Governance Review Culminates in Changes to Harvard Corporation". Harvard Gazette. Cambridge, Massachusetts: Harvard University. December 6, 2010. Retrieved December 6, 2010. {{cite web}}: Cite has empty unknown parameters: |separator= and |coauthors= (help)
^ ^a ^b "Three to join Harvard Corporation". Harvard Gazette. Harvard University. May 25, 2011. Retrieved June 15, 2015. {{cite web}}: Cite has empty unknown parameter: |1= (help)
^ "Breyer elected to Harvard Corporation". Harvard Gazette. Harvard University. February 4, 2013. Retrieved June 15, 2015. {{cite web}}: Cite has empty unknown parameter: |1= (help)
^ ^a ^b "Kenneth Chenault and Karen Gordon Mills to join Harvard Corporation". Harvard Gazette. Harvard University. February 10, 2014. Retrieved June 15, 2015. {{cite web}}: Cite has empty unknown parameter: |1= (help)
^ "Finnegan elected to Corporation". Harvard Gazette. Harvard University. May 23, 2012. Retrieved June 15, 2015. {{cite web}}: Cite has empty unknown parameter: |1= (help)
^ ^a ^b "Harvard Corporation elects two new members". Harvard Gazette. Harvard University. May 23, 2018. Retrieved October 20, 2018. {{cite web}}: Cite has empty unknown parameter: |1= (help)
^ ^a ^b "Mathews and Wells elected to Harvard Corporation". Harvard Gazette. Harvard University. September 23, 2012. Retrieved June 15, 2015. {{cite web}}: Cite has empty unknown parameter: |1= (help)

External links