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...these more benign explanations are not the only reason HSTO is in the red. The more insidious reason is that Harvard has burdened them with the debt incurred from the initial cost of wiring all of Harvard’s buildings. HSTO must apply its only income??the margin earned off of our long distance calls—to pay off this debt. So, while our dollars go to pay the usual operational costs of any non-profit—personnel, billing, etc.—we are also helping the University to pay for the telephone wiring...

Author: By Robert J. Fenster, CRIMSON STAFF WRITER | Title: Paying Off the Hook | 12/12/2001 | See Source »

...University’s annual “Financial Report to the Board of Overseers of Harvard College,” Harvard’s sources of income??only one of which is the endowment—are detailed...

Author: By Daniel P. Mosteller and Kathryn L. Rakoczy, CRIMSON STAFF WRITERS | Title: Endowment Payouts Fall Short of University Quotas | 6/7/2001 | See Source »

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