Word: overe
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Fund managers' compensation is based on the percentage the endowment grew in the previous year. In 1999, Harvard made only 12.2 percent, compared to 20.5 percent in 1998. Over the past five years, Harvard has averaged a 20.1 percent return on its endowment.
Four days after the term bill increase referendum failed, leaving next year's Undergraduate Council still strapped for funds, representatives argued last night over whether they should devote their limited resources to planning a blockbuster Springfest or to building a nest egg for student groups.
And during the course of the three-and-a-half-hour meeting, the council also announced how it will allocate over $46,000 in grants to 113 student groups.
Other council members argued against the one-time allocation, saying that the money--which is part of $40,000 discovered last fall in the council's bank accounts--had been accumulated over several years.
The council gave out over $41,000 from its own funds and decided which groups would get the equivalent of over $4,500 of food donated by Harvard University Dining Services.