Word: escrowed
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...coalition of students unveils the Alternative Senior Gift Fund, an escrow account to be donated to the College once a specified number of female and minority Faculty members are hired...
...Coalition--a group which includes graduating seniors as well as other undergraduates and faculty advisors--set up the ASGF as an escrow fund, which will be withheld until there is "proof Harvard is making a good faith effort to address these issues," according to Peimer...
...Committee for the Equality of Women at Harvard, founded in 1988 by a group of Radcliffe alumnae, established an escrow account to which Harvard graduates have donated about $500,000. This money will be withheld from the University until, according to Committee Chair Peggy Schmertzler '53, "Harvard has made substantial strides in making more effective affirmative action procedures in ...recruiting, hiring, promoting and retaining women...
...groundswell of opinion among a group of seniors (and underclass students filled with impressive forethought) who raised these very questions about the senior gift. As a result of their quick action, last week an alternative senior gift fund (ASGF) committee was formed to solicit funds for an escrow account whose donation to Harvard will be contingent on, according to the ASGF spokespeople, Harvard fulfilling its "decades-old commitment to achieving greater gender and ethnic equity in the Faculty." Indeed, while the University commissioned reports in both 1971 and 1989 recommending target levels of women and minority faculty members, the number...
...rather simple: you've done a lot for us, Harvard, but to make the experience of students to come as good as it can be, our support will continue to be contingent on you making progress in the areas where progress is so desperately needed. Of course, money in escrow is still money raised. No doubt, the range of progressive causes espoused by the alternative senior gift committee--from curriculum reform to fair labor practices--will give some students, who would otherwise not have contributed, the incentive to write a check. Once tenure standards are met, this money would...