Word: outflowharvardã
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Dates: during 2006-2006
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...finance Elizabeth Mora and treasurer James F. Rothenberg cautioned in another letter preceding the report. They expressed doubt about the capacity of future revenue growth to keep pace with inflation. They also expressed concern about the endowment’s future growth rate and federal funding for research.CASH OUTFLOWHarvard??€™s expenditures increased by about $240 million this year, primarily as a result of increased employee benefit costs and changes in space and utility fees, according to the report.The cost of employee benefits—including health plans and pensions—rose by 12 percent this year, after...
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