Word: fundraisingã
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...total value down to $26 billion—an $11 billion drop. Faust reminded audience members that payout from the endowment will decline by 8 percent in dollar value for at least this year and the next. Harvard’s other two income streams—tuition and fundraising??also shrank, with gift receipts down 8 percent. Over the past year, massive budget cuts across the board resulted in slowed faculty hiring, 275 layoffs, early retirement incentives, as well as a slowdown in Allston construction. Capital spending is expected to decrease by roughly 50 percent, Faust said...
...inherent level of suspicion arises when giving to what some perceive as a “slush fund.”Fundraising numbers for the current fiscal year are not yet available, and the numbers for May and June—which comprise the final push for class reunion fundraising??typically boost year-end results. Thus far, University administrators say that donors have been receptive to the change in fundraising strategy. “Ask us 3 months ago and we would not have predicted it,” University Provost Steven E. Hyman says of the level...
...city council president Michael F. Flaherty, who officially announced his intention to run in late January. South End businessman Kevin McCrea will also be joining the race. Yoon faces a number of obstacles in his campaign. In addition to being a political and cultural outsider in city politics, his fundraising??which has occurred mostly out of state—totals only about $140,000 to date, about a tenth of Menino’s available money. “It’s not explicit, but I’m still seen as someone who is kind...
Hillel’s budget is based on very conservative revenue estimates—without including any estimated increase in fundraising??to prevent the budget from falling into deficit, Steinberg said...
...Larry didn’t get the message to stay away from the well-fed flock of lunatic leftist puritanical geese on the Faculty. Apparently he thought being the president of America’s oldest and most prominent university gave him the right to do something other than fundraising??even the right to exercise his First Amendment rights. So in the spring of 2002, lower Manhattan was still a blackened gash left by Islamo-Nazis, and suicide bombers were murdering Israeli grandparents and children at their seder tables. The deduction: Harvard should divest from companies that...