Word: term
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Dates: during 2000-2009
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...added that Harvard’s commitment is unique, and that in her three years at the Food Bank, no other university has offered a similar long-term pledge of service. Harvard’s commitment, she said, will help ensure that there are enough hands to sort through food after the holiday season, when the number of volunteers typically drops off but the amount of product to be sorted is greatest...
Harvard entered into interest rate swap agreements—which are used to hedge against rising interest rates—in 2004, when it seemed that interest rates had reached favorable lows and that locking in those rates would help the University finance its mammoth, long-term expansion into Allston. But the agreements backfired this past year when the global financial crisis pushed interest rates to unprecedented lows, thereby decimating the value of the swaps...
Friday’s report, which follows Harvard’s announcement last month that its endowment had shrunk by 30 percent this past year, also reveals billions of dollars in losses sustained through the University’s investments of cash designated for short-term expenses...
This weekend, the Boston Globe’s article on Harvard’s financial report suggested that the University’s decision to invest short-term cash alongside higher-risk endowment assets was unusual, and cited Stanford spokeswoman Lisa Lapin as saying that her school “wouldn’t take a cash account and invest it with the endowment...
...most recent one available, states that the California university uses an “Expendable Funds Pool” partially to fund operations, of which a “substantial portion [is] cross-invested” in the Merged Pool, which consists of the endowment and other long-term funds...