Word: endowmentã
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...these sums in perspective. The fund manager payouts of the last two years amounted to three or four percent of Harvard’s entire $2.5 billion annual budget, and nine to twelve percent of its annual payout from its endowment??€”all going to just six people. Harvard is paying six people a sum equal to up to half the total tuition paid by the 6,500 students attending the College...
Total compensation among the University’s top six endowment managers declined from $107.5 million to $78.4 million. But since performance was more consistent across the endowment??€™s many portfolios, salaries in the lower tiers of the payroll—which Harvard is not required to report—likely saw large increases...
It’s not a surprise for most Harvard students to hear of the diversity of the University endowment??€™s investments: over $3 billion in the stock market, entire forests in New Zealand, real estate and other assets galore totaling some $22.6 billion. Yet the University’s stock in a Chinese firm doing business with the government in Sudan is raising some eyebrows on campus, and with good reason. As of June 30 of this year, Harvard owned 72,000 shares valued at about $3.87 million in an oil company named PetroChina—almost...
Buehrens predicted that increasing payoff from the Medical School’s endowment??€”which was set at unusually low rates of 4 percent this year and 2 percent last year—would help the school get out of its hole...
...away with paying workers less if you live in The-Middle-of-Nowhere, N.Y.). But it can’t be too much to expect of Harvard to increase the library budget by what would amount to 0.00226% of next year’s interest on the endowment??€”assuming it continues to grow at last years pace of 12.5 percent and the cost to Harvard is the same as Cornell’s (two perhaps oversimplistic, but illustrative, assumptions...