Word: donorã
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While Smith has made it clear that a donor??s intent will be honored, the policy allows FAS central administration the opportunity to target funds efficiently so that some can be redirected from within the confines of a particular center to broader University priorities...
...turnover of the so-called Stone Plate, named for its donor??prominent orthopedist Kevin R. Stone ’77—represented the first time in House history that a public trophy has been awarded to a female IM rowing team. The plate is intended to feature the names of victorious rowers from 2008 until...
...currently in effect in Massachusetts. The rule, a product of legislation dating from the 1970s, prevents institutions from spending from a particular endowment fund if its value falls “underwater”—below levels pegged to a specific point in time, such as the donor??s date of death...
...alumni have honored their pledges to give back to their alma mater, and the Law School has not received “a single phone call” about a donor??s inability to pay, Kagan said...
...more ways than one. Unlike a bank, the University cannot simply withdraw money from the endowment to pay for initiatives not in line with donor??s wishes. And Harvard’s benefactors have earmarked little wealth to pay for certain things, like information technology, where there are significant and growing expenses...