Word: streamsã
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...ending June 30, bringing its total value down to $26 billion—an $11 billion drop. Faust reminded audience members that payout from the endowment will decline by 8 percent in dollar value for at least this year and the next. Harvard’s other two income streams??tuition and fundraising—also shrank, with gift receipts down 8 percent. Over the past year, massive budget cuts across the board resulted in slowed faculty hiring, 275 layoffs, early retirement incentives, as well as a slowdown in Allston construction. Capital spending is expected to decrease...
...told that I would leave this place wishing that I could have taken more classes. Creating a database of class videos, the “new Widener,” would benefit both undergrads on campus and alumni all over the world. It could even open lucrative new revenue streams??possibly even subsidizing the program itself—if we sell access to the database a la iTunes. Regardless of the means chosen, the ends would be to create a parallel endowment not measured in dollars in foreign investment funds, but in our professors’ wealth...
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