Word: million
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Dates: during 2000-2009
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...actual increase in endowment spending has yet to be determined, according to Shore, as the University is in the process of formulating a new policy to address spending from underwater funds. But Shore said he expected the new income to be less than the $50 million figure. Excessive spending from a specific endowment fund, especially one that has already fallen below its original value, can erode at its long-term value—a crucial consideration for financial planners at the University, since most endowments are meant to last in perpetuity...
Last month, Harvard renegotiated terms to an agreement with a South Korean foundation that loosened restrictions on a $13 million endowment established in 1975 for Korean studies. The funds, which were originally dedicated to endow a senior faculty member’s position in the field, can now be used to support tenure-track faculty, visiting scholars in the department, and students studying the economy and society of modern Korea...
...startup has already exceeded fundraising expectations. In September 2009, LearnVest sought to raise $750,000 from venture capitalists and angel investors, according to von Tobel. They ended up raising $1.1 million...
...architect Louis Le Vau on Paris's Ile Saint Louis, the mansion played host to French nobility, exiled Polish princes and members of the Rothschild family of banking fame. But for Qatari Prince Abdullah bin Khalifa al-Thani, who bought the property from the Rothschilds in 2007 for $88 million, the welcome has been far from regal...
...plan to restore the mansion to its 17th century glory while adding air-conditioning, an elevator and an underground parking lot has run into opposition from preservationists, who say the project would be disastrous. Opponents scored a temporary victory in September when a Paris court blocked the $60 million renovations until a final verdict can be reached - probably in the next few months. Whatever the outcome, critics say that the Culture Ministry's initial approval of the project points to a serious - and worrying - unraveling of France's system of architectural protections. "[This] raises doubts about the ability...