Word: moneyed
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Dates: during 1980-1989
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...fact, these Harvard ever-faithful couldn't really come up with any good reasons of their own for giving money. So, instead, they resorted to the next best thing: they sent seniors a red, ready-made gift-giving pamphlet from the Harvard-Radcliffe Fund (based in Holyoke Center, if you had any doubts about who's really running the show)--entitled, interestingly enough, "Tough Questions...
APPARENTLY, the gift is money donated by the graduating seniors to improve undergraduate life--faculty salaries, the House system, scholarships, and so on. I should give this money, I am told, because "future students of Harvard-Radcliffe deserve your support...
...University calls this money "unrestricted income," to differentiate it from most of the endowment, which is restricted by its donors for specific purposes. This means that even though Harvard has enough money in its endowment to, say, pay every American $20, run Eastern Airlines and give the unions lots of money, or buy a fleet of Stealth B-2 bombers, the University cannot: a) renovate the stinking bathroom in your suite, b) pay junior faculty more since they won't be getting tenure anyway, c) subsidize extracurricular or certain academic programs...
...supposed to give this money? Out of some sense of gratitude that I was allowed to spend my college years at Harvard. Harvard allowed its seniors "The emotional and intellectual growth they experienced, the lifelong friends they made, the horizons opened to them both in the classroom and outside," claims the Harvard-Radcliffe Fund. None of these things would have happened at other colleges, I suppose, especially those without the charming class gift agents swarming about for money, like bees on honey...
THIS is not to say that problems in need of financial remedy do not exist at Harvard. I just wonder why I have to give $25 (the recommended amount, "payable by August 31, 1989," according to my IRS-sounding class gift agents). I won't even be making any money for three or four more years...