Word: institutionalize
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Dates: during 1990-1999
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The Overlap Group agreed to equalize what a family would have to contribute for their child's education regardless of which member institution a student would ultimately chose to attend, which in turn determined the universities' financial commitment to that student.
"Harvard's conservative on this, but it's provided enormous strength to the institution," she says.
But campus activists are critical of multi-million dollar HMC compensations, particularly at a not-for-profit institution where the president's salary is approximately $250,000 and the average tenured faculty member receives less than half that.
There is no question that the students, the city and the nation benefit from Harvard's money. Students are well educated, inventions are conceived and new ideas are created. But to some the lengths Harvard goes to raise its funds make the institution seem less like a not-for-profit...
The year was also marked by alumnae's fighting to maintain Radcliffe's place as an important institution. Graduates protested a University Hall letter to Radcliffe alumnae, saying the letter showed the University no longer regarded Radcliffe as an important figure in the fund-raising process.