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The Harvard Medical School has officially entered negotiations to receive $36 million in funding from its local hospital affiliates over the next three years, The Boston Globe reported Monday.
Unlike most other university medical schools, which own their local hospital and earn revenue from physicians and patient care, Harvard Medical School does not receive funding from its various local teaching affiliates. Instead, the school is funded through government grants and its share in the University endowment.
But the recent 27 percent drop in the University endowment last fiscal year has had a significant impact on the Medical School budget, which consists of 42 percent of funding from research grants and 29 percent from endowment income.
Swimmers duked it out in the 200-meter freestyle at Blodgett Pool, gymnasts twirled and tumbled in the floor event at Gordon Indoor Track, and power lifters competed to see who could hoist the most iron at the Palmer Dixon Strength and Conditioning Center.
Moments after receiving the gold medal for beating out the competition in the softball throw by just one meter and 14 centimeters, Richard Romano relished in his victory: "It feels good."