Word: endowmentã
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Although Rapier acknowledges the largesse of the school’s endowment??€”at approximately $1.3 billion, it is second only to that of the Faculty of Arts and Sciences (FAS)—she stresses the need for it to stay at the forefront of business education...
This year the center is decapitalizing—spending the principle of its endowment??€”to cover the shortfall. But without any significant streams of income remaining, the center needs help to rebuild and continue...
Meyer wrote in the annual report that Harvard’s ten-year performance has surpassed its peers and outperformed the market averages, or benchmarks, that HMC uses to judge the endowment??€™s performance...
...FY01, the return on investments fell 2.7 percent, causing a $500 million decrease from the endowment??€™s peak of $19.2 billion, which...
...endowment??€™s performance relative to benchmarks—not its absolute returns—determines compensation of HMC investors...