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Several of Harvard’s wealthy peer institutions faced similar losses in fiscal year 2009. Last year, Yale’s endowment—higher education’s second largest after Harvard—fell 25 percent, and Stanford’s endowment fell by 27 percent...
...Despite last year’s shock to the endowment, Harvard’s endowment returns over the past 10 years have beaten those of university endowments on average, according to figures from NACUBO’s report. Harvard’s endowment has grown 8.9 percent since 1999, while the average university endowment netted a 4 percent gain...
...lesson we have taken away from the last couple of years is that it is essential to reconcile liquidity needs, investment opportunity, and endowment dependence, with our long-term view,” Mendillo said...
...well as help local officials identify which departments and buildings are wasting energy. The program will also help communities reduce energy use by 20 percent in five years—fulfilling one requirement for receiving the Green Communities Grants Mass. Governor Deval L. Patrick ’78 announced last week to finance energy efficiency and renewable power projects...
Marcia C. Hamilton, 62, a lifelong resident of Cambridge, names herself as one of those disgruntled individuals. A barbed wire fence separates the yards of her home and, as she calls Fastman’s abode, the “purple house.” Since last spring, when the two chickens and three ducks were first brought into a constructed coop in the adjacent yard, Hamilton said she has been distracted by the unpleasant odors and loud noises that accompanied the birds’ daily habits...