Word: pbh
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...partially free PBH from dependence on yearly donations, the organization is conducting a fund drive for a PBH endowment, Truong said. However, as fund raising for the endowment drive has progressed, donations to PBH's nearly $1 million annual operations budgets have decreased, aproblem which first forced PBH into financialtrouble last spring...
...PBH's grant application would cover the whole year and would be given out in two equal semester installments...
...asking for the UC's kindness and help in a time of financial crisis," said PBH President Van L. Truong '89. "Where else can we turn?" Truong cited the fact that council leaders told faculty members last spring that, if their term bill fee were doubled, they would try to help PBH out of its fiscal bind...
...make matters worse, PBH did not receive a$32,000 grant it was counting on from a privatefoundation and must also repay a $50,000 loan tothe University, Truong said...
...past, any sizeable grant to a publicservice group like PBH would have been unlikelybecause of a more limitted council budget and thefinance committee's strict interpretation of arule that groups receiving money provide a serviceof direct benefit to the Harvard community...