Word: donors
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...other philanthropists should understand that, in times like these, Harvard has a very real need for resources to fund what in better days might have seemed like basic components of the collegiate experience. As unglamorous or as impersonal as giving unrestricted funds may seem, we hope the Harvard donor network understands the gravity of the university’s current situation...
...light of the positive donor response, Faust said that the University’s call for unrestricted giving may evolve into a permanent strategy...
Rogers said that she believed Harvard’s donor base understands the importance of flexible funds to support “critical priorities,” thereby rendering such a strategy sustainable in the long...
...They want their money to go to things that they really cared about,” Hissey said, defending donor prerogative in the allocation of funds, even in the context of a donor base that viewed Harvard as “very responsible” with its use of resources...
After suffering a 27 percent investment loss in the fiscal year ending June 30, 2009, the University found itself unable to tap many of its most-recently endowed funds, which had fallen in value to less than the amount bequeathed by the donor and are considered “underwater...