Word: nonprofitable
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Dates: during 2000-2009
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After fifteen years at the helm of the Harvard Management Company (HMC), Meyer is bequeathing his successor an endowment that makes Harvard the second wealthiest nonprofit in the world, with a net worth larger than some countries...
...It’s difficult to say which [structure] is more successful,” says John Griswold, executive director of the Commonfund Institute, the research arm of a group that manages money for over 1,400 nonprofit organizations...
Another factor that may have drawn away managers from HMC is the visibility of Harvard’s endowment. Because it is owned by a nonprofit, HMC must report the salaries of its highest-paid employees, so the details of top managers’ compensation are openly available...
Charging $95 to $200 per ticket, the event raised $15,000 to benefit several small nonprofit organizations that support disadvantaged children and fund melanoma research...
Harvard Magazine is published by a nonprofit group that “is under its bylaws editorially independent” from the University, although it receives some financial support from Summers’ office, according to Rosenberg...