Word: radcliffee
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Dates: during 1980-1989
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"Since Radcliffe is waiting for a new president to be announced we should not make any statements [about the fundraising problem]," said one Radcliffe administrator yesterday.
But the problem still remains. College sources said yesterday that Radcliffe is finding it increasingly difficult to raise the money needed to support the scholarly programs expanded during Horner's tenure as president. Those include the Schlesinger Library, the Bunting Institute and the Murray Research Center.
Radcliffe fundraising "has been a difficult problem," Vice President for Finance Robert H. Scott acknowledged yesterday. People who graduated after 1976 "tend to identify with Harvard," he said, making them less likely to give directly to Radcliffe.
Besides raising money through the investment of its $85 million endowment, Radcliffe seeks donations from its graduates to help finance its yearly expenditures. But these donations to Radcliffe have diminished recently : because women who graduated after 1975, when Harvard and Radcliffe merged their admissions offices, give to a Harvard-Radcliffe...
In addition, Radcliffe, like other non-profit institutions, is faced with a greater financial burden, as federal funding for higher education continues to decrease.