Word: mergers
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...Merger payments currently constitute 18 percent of the operating budget, with gifts comprising 11 percent of the Institute’s operating revenue...
However, almost all of that surplus was part of the merger payments guaranteed to Radcliffe from the University—start-up payments which are slated to sunset in 2012. After that, Radcliffe will be responsible for its own funding as one of the University’s 10 autonomous schools. But unlike the other schools, which gain revenue from tuition and have growing alumni bodies, Radcliffe’s alumnae base will only decrease over time—and the Institute must plan accordingly...
...Faust says the Institute’s recently-begun “financial modelling exercise” takes the fact that merger payments will cease in 2012 into account...
Since the merger, Faust and other Radcliffe administrators have charted a clear course as an institute for advanced study, leaving many in the Radcliffe Association to wonder where they...
...merger agreement mandated that Radcliffe hand over all responsibility for undergraduates to Harvard College...