Word: rupp
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Dates: during 1980-1989
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Even at the relatively low 39 percent figure, the Divinity School still ranks as the Harvard faculty which relies the most on endowment. But Dean George E. Rupp says he wants to see the figure move higher...
...difference in endowment income between now and the mid-70's is, frankly, killing us." Rupp says. "The reason that it has to be so high is that we labor under a number of very serious liabilities in amassing resources...
Primarily, Rupp says, the fundrasing problem is that "our alumni body, to put it gently, is not wealthy." Also, the federal government and most major corporations shy away from giving money to the school because it is a religious organization...
...have that funding in spite of the fact that we're a divinity school," Rupp says. "It's been very clear from the foundations that we're giving this to you because we like your women's studies program, but we're dubious about the fact that you're a religious organization...
...school lost about $100.000 in 1980 and has achieved nominal surpluses since, but the financial situation remains precarious. To make ends meet, the school has trimmed small expenses like building maintenance. Many students now do paid maintenance work like plastering and painting, which Rupp calls "a kind of folksy example, but there are a lot of other examples that don't show as much...