Word: endowmentã
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Meyer said the Corporation relies on a formula to guide its decision about payout. The formula gives 70 percent weight to the previous year’s spending plus the Higher Education Price Index—a measure of inflation—and 30 percent weight to the endowment??s market performance...
Currently, the Radcliffe Institute is financially secure with an income from its endowment??valued at $256.2 million as of June 30, 2002—merger payments from Harvard University, fundraising and a small amount from rents and fees...
Many local officials have said they fear Harvard—with its unmatched endowment??would buy out CSX and cause damage to the area’s economy...
...Faculty was able to fund increases in its expenditures for much of the last decade from increased returns off the enormous Harvard endowment. But the endowment??s negative returns over the past couple of years mean that windfall has dried...
...University’s deep pockets can, and should, ease the burden on FAS. To do so, however, Harvard will have to show generosity when it distributes funds from the endowment. University President Lawrence H. Summers should lobby the Harvard Corporation to grant larger increases in the endowment??s payout to FAS for the coming years. As Kirby has pointed out in his letter to the Faculty, if “we say ritually, that Harvard College is at the heart of the University, we must work continuously to make that statement true.” Harvard?...