Word: portioning
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Dates: during 1980-1989
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...apportionment of the USA for Africa proceeds has already been carefully worked out. The first 35% will go to 13 African countries for immediate relief, with special emphasis on medical aid; an equal portion will be put toward farm and water supply and general agricultural improvement; 20% will be earmarked for "long-term economic development programs"; and the final 10% --at Stevie Wonder's suggestion--will be contributed to relieve hunger and homelessness in the U.S. Says Quincy Jones: "A song is a small price for somebody's life...
...does any of this affect the University? Harvard has the potential to be a major player on proxy issues because a large portion of its $2.3 billion endowment is invested in stocks, bonds and other securities, including as Treasury bills, venture capital and money-market accounts. Because of daily trading, the percentage of endowment invested in each of those areas fluctuates, but generally at least 50 percent of the endowment is in stocks. And, like any stockholder, Harvard is regularly asked to vote on a wide range of proxy issues...
Income from those stock and other investments--along with tuition, government grants, and alumni donations--makes for a major portion of the budgets of each of Harvard's 10 faculties and numerous other departments. In the Faculty of Arts and Sciences, for example, interest on the endowment provides about 25 percent of this year's $190 million budget...
...when, according to College officials, some one-third of all undergraduates play at least one sport recreationally or on an intercollegiate level--a much higher percentage than any other Ivy League School--the Varsity Club's financial support helps a large portion of the College population...
Traditionally, patrons provide a large portion of the opera's needs. Half of the opera's $6000 budget this year comes from patrons who are mainly members of the Lowell Senior Common Room; ticket and program sales pay for the rest. Money, though, is not the only contribution necessary for a smooth production: Lowell House members have to tolerate the reduced size of their dining hall for six weeks. But, Lowell House Master William H. Bossert '59, whose residence has become the ad hoc backstage, points out, "We become intimately involved with the tradition this way. The opera pulls...