The President and Fellows of Harvard College (also called the Harvard Corporation or just the Corporation) is the smaller and more powerful of

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...

's two governing boards, and is now the oldest corporation in America. Together with the Board of Overseers, the two boards exercise institutional roles more commonly consolidated into a board of trustees. Although the institution it governs has grown into a university of which

Harvard College Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher lea ...

is one component, the corporation's formal title remains "The President and Fellows of Harvard College".

History

In 1650, at the request of Harvard President

Henry Dunster Henry Dunster (November 26, 1609 (baptized) – February 27, 1658/59) was an Anglo-American Puritan clergyman and the first president of Harvard College. Brackney says Dunster was "an important precursor" of the Baptist denomination in America, ...

, the

Great and General Court of Massachusetts The Massachusetts General Court (formally styled the General Court of Massachusetts) is the state legislature of the Commonwealth of Massachusetts. The name "General Court" is a hold-over from the earliest days of the Massachusetts Bay Colony, w ...

issued the body's charter, making it now the oldest

corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and ...

in the Americas. The subsequent Constitution of the Commonwealth of Massachusetts confirmed that, despite the change in government due to the

American Revolution The American Revolution was an ideological and political revolution that occurred in British America between 1765 and 1791. The Americans in the Thirteen Colonies formed independent states that defeated the British in the American Revoluti ...

, the corporation would continue to "have, hold, use, exercise and enjoy" its property and legal privileges. FiveHarvardPresidents

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 President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

(whom it appoints). The Corporation is self-perpetuating, appointing new members to fill its own vacancies as they arise. The Charter of 1650 established the Harvard Corporation board which consisted of seven members: a President, five Fellows, and a Treasurer. The Corporation had the authority to manage the College’s finances, real estate, and donations, act as a legal entity in courts of law, select officers and servants, and create orders and bylaws for the College, with the approval of the Board of Overseers. The founding members of the Harvard Corporation were respectively:

as President, Samuel Mather, Samuel Danforth, Jonathan Mitchell, Comfort Starr and Samuel Eaton as the five Fellows and Thomas Danforth as the Treasurer. These men had, in perpetual succession, the duties of managing the College. For most of its history, the Corporation consisted of six fellows in addition to the president. But after the abortive presidency of

Lawrence Summers Lawrence Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States secretary of the treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010. He also served as pres ...

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 six to twelve, 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.

Current Membership

There are currently thirteen members of the Corporation, including the University president, who sets the agenda but does not vote.

References

External links

President and Fellows of Harvard College
{{Harvard Harvard University