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University administrators then awaited the endowment payout for the coming fiscal year, but the news from the Corporation—the University??s top governing board—did not materialize until March...
...illusion that everyone else is having more sex than you is not specific to Harvard, so if your neighbor’s all-too-audible Saturday morning romps have got you feeling blue, take heart. “Go Ask Alice!”—Columbia University??s Dear Abby-equivalent—reports that the majority of polled college students also had zero or one sexual partners in a given year, while believing that their peers were having three times as much sex as they were. Other revealing statistics include that 31 percent...
...planned sale would include assets from both current and future obligations and would further reduce the amount of illiquid assets on the University??s books—an effort that has been ongoing for the past year and a half...
Harvard and other universities with large endowments have taken several steps to increase liquidity in their endowments. According to the most recent HMC report, the University has added a cash reserve to its policy portfolio—a model for the University??s investment strategy that serves as a baseline against which the actual performance of the endowment is measured...
...University??s Risk Management and Audit Services conduct the examination of the UC every three years in a process that takes about three months. In that vein, this year’s audit did not spring from any circumstantial conditions or allegations of poor fiscal discipline, according to UC Vice President Eric N. Hysen...