Harvard University paid $3.5 million in compensation to Jane Mendillo, president and CEO of its endowment, Harvard Management, Bloomberg reports. The fund’s top internal managers earned about $25.3 million combined in 2009.

Harvard paid $8.44 million to the head of internal portfolio management, Stephen Blyth, while emerging-market stocks manager, Steven Alperin, earned $6.85 million. Harvard bond manager, Apoorva Koticha, received $4.47 million.

Click here for the story from Bloomberg.