Word: millions
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Dates: during 1960-1969
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...Ford Foundation gave the Law School a $1 million grant to establish a Center for the Advancement of Criminal Justice, where policemen, judges, and other law enforcement officers could come and do research on problems of crime and justice...
...Goldhaber said that the school needs an increased endowment of $13 million to provide an annual income...
...school's present endowment furnishes less than one-third of the current $2 million budget. The rest comes from government grants...
...plans for improvement call for a yearly budget of $4 million. Of the additional $2 million, $650,000 would have to come from private sources. Alumni have already given over $150,000 this year, Goldhaber said...
...Federal science research at Harvard is now $50 million and is reduced by $17 million (33 per cent) the "padded" indirect costs would be $10 million maximum, and more likely $4 million. Would that put Harvard in receivership? If Harvard's $1 billion endowment principal were applied to this gap, Harvard wouldn't go broke for 250 years. This obviously oversimplifies the finances involved, because of restrictions on some portions of the endowment, but the comparison places the problem in perspective. New additions to endowment from gifts have avaraged $25.5 million per year in recent years. If the university were...