Word: sales
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Dates: during 2000-2009
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...disappointed,” said David A. Evans, a chemistry professor who said he used Kendall House four times but never received any notice from Harvard about the sale. “A lot of faculty over the years have enjoyed spending some time up there...
While the Maine probate court allowed Harvard to sell the property, it required in its ruling that the proceeds from the sale and the left over maintenance endowment be used to create “a separate endowment fund to be used exclusively to support the rest, recreation, and sabbatical study of Harvard University faculty...
...George L. Paine, also for the purpose of faculty vacations—came with a clause allowing the University to sell it after 15 years if the property had “become impractical to retain.” Paine’s will permitted profits from the sale to be used for “the general purposes of the University...
News of the sale of the Maine homes followed rumors of a transaction involving another restricted gift: the 99-acre Harvard Forest in Hamilton, Mass, located about 30 miles northeast of the Cambridge campus...
Fearing a sale, local residents criticized the University this winter, but Harvard officials denied that they ever seriously considered selling the property...