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...agenda this weekend. In the meantime, schools are taking various approaches to prepare their budgets, which are generally due in April, despite the uncertainty over payout. The Faculty of Arts and Sciences is planning for budget scenarios ranging from a flat payout to a five percent decrease, according to FAS Dean Michael D. Smith. A five percent reduction in endowment income would translate into an $80 million decline for the entire University from the $1.6 billion paid out last year. Harvard officials have projected a 30 percent decrease in the endowment from its June 2008 value of $36.9 billion. Even...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Schools Expect Payout Decline | 2/9/2009 | See Source »

Though SEAS is a school within FAS, it operates under a different set of financial constraints and uses its own endowment for professorships, according to Spaepen...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: Plans for FAS Hiring Change | 2/5/2009 | See Source »

Yesterday’s notice stated that FAS is conducting a total of 28 searches, only 21 of which fall within its divisions. The School of Engineering and Applied Sciences, which falls under the FAS umbrella, accounts for the other seven searches, all of which have been authorized since before the onset of the financial crisis, according to SEAS Interim Dean Frans A. Spaepen...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: Plans for FAS Hiring Change | 2/5/2009 | See Source »

Lizabeth Cohen, chair of the history department, said the administration allowed her unit to continue a search for an endowed professorship for Latin American history because “they would not cost FAS money...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: Plans for FAS Hiring Change | 2/5/2009 | See Source »

Departments have also been examining their specific restricted funds to determine any that could be used without interfering with FAS cutbacks, according to Diana Sorensen, divisional dean of the Humanities...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: Plans for FAS Hiring Change | 2/5/2009 | See Source »

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