Word: loaned
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Earlier this year, the Grill received a loan from the Pforzheimer House Committee (HoCo) to cover start-up costs after the renovations, according to Piatelli, who is a HoCo social chair...
...Harvard has been at the forefront of campus sustainability. Sustainability Principles, our green building practices, the Green Campus Loan Fund, and the Harvard Green Campus Initiative have won accolades and inspired imitations across the country. Most recently, Faculty of Arts and Sciences (FAS) Dean Michael Smith has supported Harvard’s first-ever greenhouse gas reduction commitment, which requires FAS to reduce emissions to 11 percent below 1990 levels...
Many critics of climate neutrality stand aghast at the cost that greenhouse gas reductions would inflict upon Harvard. These criticisms, however, are flawed for two reasons. First and foremost, many of the efforts towards neutrality would actually save money. Harvard’s Green Campus Loan Fund has achieved a return-on-investment of 26 percent—a higher return than the endowment—by funding efficiency and conservation measures that pay for themselves within five to ten years. Efficiency savings could be used to fund other aspects of emission reduction, such as investment in renewable energy...
...early 1990s to accomplish two key objectives: raise funds for what was then a cash-strapped Medical School, and to increase Harvard’s involvement in global public health. Over the past two decades, HMI has proved highly successful in both capacities. After repaying its startup loan, HMI has posted consistently expanding revenues, bringing in $1.5 million in profit for HMS in 2006. Perhaps more importantly, HMI has participated in many important public health projects, ranging from advising a major German medical school on how to educate students to masterminding the construction of Dubai’s healthcare infrastructure...
WHAT'S NEXT? States like Michigan, which suspended a student-loan program, will feel the pinch. If insurers can't regain ratings or split off municipal debt, they could go under, meaning fewer public works or higher taxes...