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...comprise up to 90 percent of the donations to the HCF, more often go to decidedly less sexy causes—including maintenance costs and utility bills that the entire FAS incurs. While many of these expenditures benefit the College indirectly, they do not accomplish the goal that the fund??s name would seem to imply and many donors seem to expect: to give back to undergraduate life at Harvard College...

Author: By The Crimson Staff | Title: Deceiving Harvard’s Donors | 6/6/2007 | See Source »

...pressure to keep this money flowing may well contribute to the misleading of donors to the Harvard College Fund. In fact, even the Fund??s name is misleading. Though several donors that The Crimson spoke to believed that their gifts to the HCF were going directly to benefit the College, in reality the dean of the Faculty ultimately controls everything given to the HCF. And while the Development Office does not hide this fact, neither does it promote...

Author: By The Crimson Staff | Title: Deceiving Harvard’s Donors | 6/6/2007 | See Source »

...their class, which is prominently displayed in the annual report and announced the afternoon of commencement. Nevertheless, only five options within the Harvard College Fund have traditionally counted for class credit: unrestricted, financial aid, libraries, faculty support, and graduate fellowships. Only recently has an “undergraduate life fund?? option been added. And even now, it only appears on the online form for “credit card gifts,” not for check, stock, or mutual fund gifts. On some Development Office mailings, the option is missing entirely...

Author: By The Crimson Staff | Title: Deceiving Harvard’s Donors | 6/6/2007 | See Source »

...that “I’ve been very happy with what I’ve been able to fund this year.” Yet current and former administrators say that it has been historically difficult to secure funds—including those in the undergraduate life fund??for projects that will benefit undergraduate life...

Author: By The Crimson Staff | Title: Deceiving Harvard’s Donors | 6/6/2007 | See Source »

Programs such as the Federal Perkins Loan, Stafford Loan, Federal Family Education Loan, and Ford Direct Student Loan allow the federal government to “fund?? education without providing any real money. As the recent student loan scandal has proven, private lenders have taken advantage of this situation to do what business does—namely, make money...

Author: By Sean Mccreery | Title: Loan Businesses Make Money at Student Expense | 5/4/2007 | See Source »

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