Word: chamberlin
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Data from Radcliffe's financial reports are consistent with Chamberlin's assertion that the capital campaign has required significant financial outlays...
...While Chamberlin is unsure of how much longer Radcliffe will continue to run deficits, she says "it's time-limited...
...Chamberlin further challenges the use of the term "deficit" to describe Radcliffe's spending patterns...
...Chamberlin explains that Radcliffe has been using unrestricted reserve money, referred to as quasi-endowment, to cover the gap between its income and expenditures...
Quasi-endowment "can either be spent for current use, or it can be put toward the endowment," according to Chamberlin...