Word: endowmentã
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...three professors, members of the FAS Resources Committee, said the Faculty would begin dipping directly into its endowment by 2010 in order to pay for part of the deficit. Their presentation outlined a plan to “decapitalize” part of the Faculty’s endowment??a rare measure that transfers additional endowment money into the budget on top of the normal annual payout.In addition to decapitalization, the committee’s plan emphasized a more concerted and aggressive fundraising effort, which they said would raise an extra $15–$19 million...
...Business School’s endowment totalled $2.1 billion as of June 30—the end of the most recent fiscal year. That’s nearly three times the size of the Kennedy School’s endowment??which, according to school spokeswoman Melodie Jackson, amounted to $759 million at the end of June...
...Each year, money from the endowment??the University’s war chest—is disbursed to all of Harvard’s schools. Along with tuition, sponsored research, and other sources, the payout is a component of the schools’ operating revenue each year...
Third, they want to engage students in shaping the spending priorities of the College by developing a student-led $10-million investment plan. Harvard’s endowment grew by 19.2 percent last year, bringing the endowment??s overall value to $25.9 billion. Tom and Magnus want Harvard to invest in undergraduates. Their vision is for students and student groups to identify spending priorities—such as a student center or bike lanes in the Yard—and present a comprehensive investment plan to the College administration. As a community, we could change the campus forever...
...spend two days sitting in lecture with our wet jeans plastered to our shivering thighs when we have $25.9 billion at our disposal to protect us from inconveniences like the weather. If the United States of America—which doesn’t even have an endowment??can build a shield to protect us from incoming nuclear weapons, the least we could expect from a school such as Harvard is research into the feasibility of stretching a Star Wars-esque force-field of Saran Wrap over the entirety of campus...