Word: knowleses
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Dates: during 1990-1999
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Knowles says graduate students and undergraduates can expect more as a result of the endowment payout increase, "anything from a mouse house to faculty to infrastructure."
Topping his list, he says, are "substantial increases" in graduate student aid. Also on Knowles' list are more money for faculty research and compensation, as well as major building improvements.
Lastly Knowles, himself an award winning chemist, says "We must make some real investments in science." Exactly what shape those "investments" will take is not yet clear. Knowles says they might be buildings, but will probably also focus on strengthening new fields, like genomics.
In reality, about half of Knowles's $40 million is in "restricted" funds-limited to a particular purpose. The library system and the Athletics Department are two areas within FAS that will receive several million dollars out of their own restricted funds. The other $20 to $25 million may be...
Last year, Harvard spent 3.3 percent of itsendowment income, a figure Jeremy R. Knowles, deanof the Faculty of Arts and Sciences, calls "jollylow."