Word: funds
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Harvard’s multi-million dollar Allston development fund has been all but wiped out by the financial crisis, University officials said last week—likely scuttling the hopes of some Harvard faculty and administrators that its money could be diverted toward their own strapped budgets...
...strategic infrastructure fund, an annual 0.5 percent levy on Harvard’s endowment created in 2002 to support capital projects in Allston, may fall short even of future expenses demanded by existing plans, due to a projected 30 percent drop in the endowment’s value this fiscal year...
...administration has released conflicting statements about the availability of resources allocated to the Allston project. The university has claimed that the Strategic Infrastructure Fund, an annual 0.5-percent levy on the endowment to support projects in Allston, has been essentially depleted. At a Dec. 9 faculty meeting, however, President Faust suggested that the university was considering diverting Allston funds to other areas...
Last spring, the committee awarded six inaugural seed grants totaling over $300,000 to fund basic research projects such as treating high blood pressure with nanoparticles and stem cells...
...than it has in eight years. Looking for a way into the problem, the U.S. and the international community are starting with delivering help to Gaza. On Monday, Clinton will attend an Arab-sponsored summit at the Red Sea resort of Sharm el-Sheikh that aims to organize and fund the reconstruction of the devastated Palestinian enclave. The enormous suffering of civilians during the war makes the humanitarian mission a worthy end in itself. But as a diplomatic undertaking, it is fraught with contradictions. (See pictures of Gaza digging...