Word: research
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Dates: during 1970-1979
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...says the value of keeping Radcliffe separate, lies in the prominence an independent Radcliffe can give to women's needs both within and without the University. "Women's research is low on Harvard's totem pole, but we can go to the Ford, Carnegie and Lilly and be the first on the queue," Wolfman says. In other words, Radcliffe's separate voice with the government and with corporations gives it more clout in seeking funds for women's needs that would get buried in any Harvard dossier...
...compare Harvard and Radcliffe when it comes to federal influence. Horner believes that Radcliffe, because it has a comprehensive knowledge of women's issues, works from a base that is "more than just self-interest." While both institutions have a certain stature, says Horner, Harvard is a major research institution, a "very different ballgame" from Radcliffe, which "commands enormous respect for the quality of its students and the courage it has had." The contrast, as one Capitol Hill staffer says, is in the aura; "When Harvard talks, people are inclined to lend a friendly ear," he says. Wolanin differs somewhat...
When Harvard, or any other major research university, waits to get its point across--whether it be a bill in Congress or a regulation in front of a federal agency--it sends its skilled lobbying troops down to Capitol Hill. Harvard's office of government relations, says Robin Schmidt, vice president for government and community affairs, tries to serve as lobbyist for Radcliffe too. "In the community," Schmidt says, Radcliffe "is indivisible as far as we're concerned...
...only six years old. Until 1974, State Street Research and Management did Harvard's investing. The University treasurer at the time, George F. Bennett '33, was also president of State Street. "With the uprisings of the '60s, some felt there was something incestuous about the Harvard treasurer using his own firm to manage Harvard's endowment," Putnam says. Furthermore, since the treasurer both managed Harvard's investments and reported to the Corporation on how those investments were faring, he couldn't distance himself enough to judge the quality of the management. "The treasurer was in the situation of defending...
...University draws 29 per cent of its income from student tuition, 26 per cent from government funding of research and financial aid, 14 per cent from gifts, and 21 per cent from income on the endowment. The government isn't increasing much, and the endowment remains the same--so students find themselves making up the balance, Putnam says. "We hope the securities market will do well enough to carry its own share," he adds...