Word: funded
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Dates: during 1990-1999
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Vice President for Finance and Administration Nancy Dunn says the 6 percent payouts have been necessary to fund special initiatives--including Radcliffe's seven-year capital campaign begun in 1992 and the founding of the Public Policy Institute in 1995. She adds that Radcliffe plans to decrease its payout to 5 percent next year...
Also in May, Radcliffe announced theestablishment of a $3 million matching fund froman anonymous donor...
...Before the campaign, fundraising was not usedas a way to communicate the work of Radcliffe in asophisticated fashion," Fuller says. "It isn'tthat Radcliffe didn't have a good fundraisingprogram, but it was primarily oriented around theannual fund...
Meanwhile, fund managers at the Harvard Management Company (HMC), which manages Harvard's $11.2 billion endowment, continue to pursue the highest yield, officially relieved of the burden of making ethical choices...
Proxies aside, the question of whether to purchase a stock in the first place is almost never asked by the CCSR. It rests, instead, with fund managers...