Word: drives
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Dates: during 1970-1979
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Besides securing the endowment against inflation, the fund drive will help combat an overall decline in the real value of the average faculty income. "One long-range question is whether we're going to be able to attract the same quality of faculty," Thomas O'Brien, vice president for financial affairs, says...
Planners also hope higher faculty salaries will make academic jobs more attractive to graduating students who now flock to lucrative professional jobs. The fund drive will "specifically provide" for increased funding of junior faculty positions, says Alfred M. Gibbens, director of development...
...long-range effect on the endowment and faculty salaries, inflation hits hardest at students and their parents, who feel its effects when term bill time comes around. To ensure that Harvard can continue its policy of providing financial support for all students who show they need it, the fund drive will set aside about $32 million for loans, scholarships and work-study programs...
...their eyes for some time on the Harvard "middle income" group of students whose family incomes fall between $20,000 and $35-40,000 annually. They fear that more of these students whom Harvard accepts will decide to go elsewhere, threatening the diversity of future College classes. Fund drive planners hope their efforts will keep enough aid money available for these students, while admissions and financial aid officers continue heavily publicizing Harvard's aid and loan programs...
...largest single items in the fund drive are faculty salaries and student aid, but together they add up to less than half of the total amount to be raised. The other "lines" in the proposed drive budget include...