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...Cancer research” and “AIDS in Africa” on the grounds that “giving to Harvard is perhaps best seen as an investment with significant leverage on society.” In reality, senior gift revenues go to “unrestricted funds?? that “allow Harvard to address immediate priorities.” The donor does not decide whether to support, for example, “senior thesis work” in Visual and Environmental Studies or “professionalization of assistant coaching ranks...
Kirby said yesterday one of the biggest challenges facing the Faculty will be finding uses for the Faculty’s restricted endowment funds??gifts earmarked for a particular purpose, such as establishing named professorial chairs in specific disciplines...
Unfortunately, it seems the Hampton administration has still not gotten the picture. In a letter to Hampton University explaining its decision to withdraw the funds??earmarked to support a SHSJC summer program for high school journalism teachers—the ASNE wrote, “Nothing that has happened since gives us reason to believe that there is contrition or understanding on the part of the University’s leadership of why what was done was wrong.” Hampton has commented on how the withdrawal of funding is unfortunate, but has not yet admitted that...
...which discriminates against homosexuals—was a necessary but unfortunate resolution to a situation that could have severely diminished the University’s ability to carry out its mission. The Air Force’s heavy-handed threat to recommend that Harvard lose $328 million in federal funds??16 percent of the University’s yearly operating budget—left the law school between a rock and a hard place...
...addition, Kirby has urged department chairs to make better use of restricted funds??those with specific instructions for their use—to free up unrestricted funds and help balance the budget...