Word: budget
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Dates: during 1980-1989
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...whereas he is an orthopedic surgeon who will rearrange the economy's skeleton. In an interview with TIME, Jackson lapsed into the third person: "There will be a lot of comparative analysis between our approaches. Who can excite the crowds? Jackson. Jesse also has a definitive plan and a budget, for fighting drugs, for building housing." That kind of specificity, along with Jackson's dubious claim that his support base is far broader than Dukakis', is also a factor in the public phase of negotiation...
Nonsense. This reasoning is disingenuous, both in theory and practice. The operating budget of each of the schools within Harvard University is made up primarily of funds from the endowment's interest, government grants, tuition, and annual contributions. All these sources play a crucial role in maintaining the fiscal health of each school, and all are interconnected...
...Senior Gift for Undergraduate ate Education, none of which is invested in the endowment, was created so that seniors could contribute directly to the undergraduate budget. Seniors can target their gifts for scholarships--which directly benefit over 70 percent of undergraduates through loans, work/study, and especially grants, or for general use, which helps pay for other undergraduate expenses such as athletics, intramurals, faculty salaries, and maintenance of the House system and libraries. A donation to the Class Gift is a positive contribution to help ensure that future undergraduates have access to the same types of undergraduate programs and activities that...
...logic would lead one to the conclusion that although the Class Gift itself is immoral, an effort to raise money for a Class of 1988 Bench would be apropos, since the money would not affect the College budget. But it is the very nature of the Senior Gift--the fact that the money goes directly into next year's operating budget to be spent on undergraduate programs--that makes its existence and our support for it so important...
FURTHERMORE, E4D's very supposition that decreased annual giving will automatically lead the administration to make up the difference through the endowment falls in the face of budgetary reality. Much as this scenario would excite any administrator, budgets simply do not work in this fashion. Each year the University determines the "payout"--that portion of the endowment's interest that will fund each school's budget. If the amount given to the College in a given year falls, it's not as if the endowment fairy is going to drop extra money on Dean Spence's desk to cover...