Harvard Endowment Chief Was Paid $8.6 Million in 2018

Narvekar is highest paid at Harvard while Bacow got $570,000
Disclosure comes as Harvard is struggling with Covid-19 costs

Pedestrians walk through Harvard Yard on the closed Harvard University campus in Cambridge, Massachusetts on April 20.Photographer: Adam Glanzman/Bloomberg

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By Michael McDonald

July 10, 2020 at 3:00 PM UTC

Updated on

July 10, 2020 at 5:13 PM UTC

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N.P. “Narv” Narvekar, the head of Harvard University’s endowment, was paid $8.6 million in 2018, his second full year of an overhaul aimed at bolstering its performance.

Narvekar got a base salary of almost $1 million, bonus and incentive pay of $1.25 million, and deferred compensation of $1.32 million, according to a tax filing released Friday. He also received $5 million in other pay and benefits that weren’t specified. The package made him the highest paid person at the school.