Word: pledgees
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We thank the Loebs for their wonderful gift. We understand the altruistic motives behind it. We recognize that the Loebs made their pledge because of their commitment to Harvard and its educational mission.
Despite Wednesday's announcement of a $39.2 million share of the pledge the Loeb family has made to Harvard, the Faculty of Arts and Sciences (FAS) is lagging behind in the $2.1 billion University Campaign, Associate Dean Susan K. Feagin told the Faculty last week.
A headline in yesterday's Crimson contained an error. The Loeb family pledge $70.5 million and not $75 million as the headline reported.
Following the Pledge of Allegiance, the school committee had a brief moment of silence to show support for the school's varsity boys' basketball team, which will compete in the Massachusetts state finals later this week.
City officials evaluated two possible cutbacks: a major consolidation of Department of Housing and Urban Development (HUD) programs into three block grants and possible rescissions of funds granted to the city. A rescission is the reneging of a federal pledge to grant money for a specific purpose.