Word: money
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Dates: during 1960-1969
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This preparation consumes time, money, and emotional energy. And it is the emotional tension that the people have come to dread most...
...foundation could solicit money from alumni,"Calkins said, "and then invest it in areas like Roxbury and Harlem. As the loans were paid back, the money would go to a college of the donor's choice...
...people who have given the money have done so with the expectation that it would be used for Harvard's own purposes," Calkins said, "As long as that expectation is strong, I would oppose the use of Harvard money in low-income areas...
...idea of investing money in high-risk, low-return areas has merit for individual investors,"Calkins added. "I think that to put some money where it will do some good will appeal to many people...
Hugh D. Calkins '48, newly-elected member of the Harvard Corporation, proposed last night the creation of a private foundation to direct the use of university money in slum areas...