Word: invested
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...years past, all of these salaries were eclipsed by the wages earned by the Harvard Management Company fund managers who invest the University’s $22.6 billion endowment...
...vice president of trusts, David W. Scudder ’57 handles donors’ charitable trusts at the management company, which invests the University’s $22.6 billion endowment. He also helped the University get clearance from the Internal Revenue Service (IRS) to allow donors to invest those trusts in the Harvard endowment...
...Meyer said that Scudder’s new firm will cater to “families and high net-worth individuals,” so it will not invest money for the University...
While charitable trusts are usually invested in stocks and bonds, in September 2003 the IRS gave Harvard special approval for a new arrangement that has been more attractive to many donors: the opportunity to instead invest their trusts in the University’s endowment, potentially offering them far higher annual returns. In less than six months, 70 percent of eligible trust holders switched over to the endowment trusts...
...slow brain drain is to raise national loyalty by increasing incentives, for example. the government could offer scholarships to foreign universities on the condition that students come back and work for a period. Another would be to set up avenues for expatriates to invest in their home country and participate in the running of their country, giving them a sense of ownership. Of course, encouraging good governance and stability are precursors to growth and retention of professionals, so all advances made in that direction will be profitable. Or, nations could follow the lead of Albania, which has instituted a policy...