Word: financees
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The low spending rates became a particular point of focus in January after the Senate Finance Committee, led by its ranking member, Iowa Republican Charles E. Grassley, sent questionnaires to the nation’s 136 wealthiest universities asking for information on endowment growth and spending, as well as tuition...
This external pressure, both from politicians and the alumni who will be called upon to finance the next capital campaign, seems to have found its mark within the University’s leadership, prompting an institution whose financial practices have been largely static to make the first overtures at increasing...
associate dean for finance. “We should be using the endowment when we can.”
Governmental concerns over endowment spending came to a head this spring, starting with the Finance Committee’s decision to send a questionnaire requesting financial information from universities whose endowments top $500 million.
At the baccalaureate address to the Class of 2008 in Memorial Church Tuesday, Faust focused on the unease that many Harvard students feel in taking lucrative positions in finance or consulting. Thirty-nine percent of seniors who are entering the workforce this year have jobs in one of those fields...