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Facing a monumental $220 million budget deficit in the wake of a 30 percent drop in the endowment at the end of 2008, Smith began a multi-year plan to find additional funds and cut back in certain areas, asking units to surrender some of their institutional independence in service of a common financial goal...
Facing at least a $35 million deficit, the FAS budget office communicated the new budgeting approach to the community in the month leading to the March Faculty meeting. The policy required affiliated FAS units—including centers—to fall into line and justify that all their expenditures serve core FAS priorities...
...morning of Jan. 3, 1949, Lamont Library opened its doors for the first time. The building had taken two years and $2.5 million to construct, which apparently went to good use—on the day of Lamont’s ribbon-cutting ceremony, The Crimson bragged that the box-like red-brick structure set a “new mark in functional design...
...converting the iconic Yard dormitories into individual Houses, or constructing new housing options altogether. As students during the “Program for Harvard College”—a fundraising effort enacted by President Nathan M. Pusey ’28 in fall 1956 that raised $82.5 million for several campus initiatives in about three years—the Class of 1960 witnessed the establishment of Quincy House in 1959 and the construction of the Leverett Towers...
...Jennings said that Harvard has made strides to better serve LGBT students. Jennings helped the Harvard Gay and Lesbian Caucus raise $1.5 million to establish the first endowed professorship in LGBT studies in the country...