Word: summing
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Dates: during 1970-1979
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...sum then, Harvard agreed that steps should be taken to loosen the Portuguese grip on Africa...
None of this enormous sum is spent. Instead, the money sits in various investments, and continually grows -- last year at a rate of 7 and one half per cent annually...
...endowment is as old as Harvard itself. It was born of the same father as the University. In establishing the College in Cambridge, John Harvard put up the modest sum of 800 pounds sterling or roughly $2500 to finance the first institution of higher learning in England's American colonies...
...Harvard's small sum increased at a modest rate, mostly through private donations. By 1854, 218 years after the founding, the endowment broke the million mark...
...cent of Harvard's funds are restricted, and these restrictions in most cases never expire. One Thomas Cotton gave the University $156.13 in 1727, and specified that the yield on this mass of capital be used to help support Harvard's President. To this day, President Bok receives a sum of something over six dollars from this account annually...