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Harvard spent $644 million this past fiscal year—which ended June 30—on a capital program that included new construction, acquisitions, and existing physical infrastructure, according to the University’s annual financial report released last Friday...
Shore said that debt has allowed Harvard to expand its campus in “programmatically critical” ways in the past, and that Harvard must now “carefully” manage and service that debt. According to the University’s recent financial report, Harvard’s principal payments on debt are expected to increase sharply over the next few years...
...debt increased by almost $2 billion last year as the University issued new debt to refinance old debt and to provide extra cash flexibility amidst sudden budgetary turmoil. As a result of the new debt, the University’s interest payments increased by $58 million this past year, the report said, from $146 million to $204 million...
After the University’s endowment lost $11 billion this past year—falling to $26 billion—Harvard’s endowment assets now outnumber its debt by a factor of four, compared to a factor of nine last year...
...stubborn and passionate, and she can pull off long, old-maid dresses better than anyone except perhaps a pregnant Heidi Klum. Dieckmann is wise to lend the character both autonomous ambitions and myriad whims; Eliza comes to represent every mother who has dreamt of driving right past the exit on the way home—except she’s bolder because she actually does...