[jjotto]

huh?

Harvard has an endowment of $32 billion!

http://www.usnews.com/education/best-colleges/the-short-list-college/articles/2012/11/27/10-colleges-with-largest-financial-endowments

[freedumb2003]

>>huh?

Harvard has an endowment of $32 billion!<<

You usually can’t use endowments to pay for expenses. They are for special projects and scholarships.

Also, a lot of the debt they are talking about is long-term debt. You don’t pay for that with endowments, but out of the general operating fund.

[Jonty30]

A $32 billion dollar endowment would probably only generate about $2 billion in revenue, on a good year.

[Scoutmaster]

The article says Harvard has $6 billion in debt. Okay, so Harvard's borrowed money for whatever reason; it has an endowment of $32 billion.

The headline says Harvard IS $6 billion in debt, leading some people to believe Harvard is broke and owes $6 billion.

[VRWC For Truth]

While Harvard is the wealthiest university in the country, it also has $6 billion in debt, the most of any private college, the data compiled by Moody’s shows.

Agenda driven writing ... 6B debt, 32B assets. Debt isn't bad if you can afford it and it depends what the debt is. Colleges are non-profits generally. The color of money comes into play as well to keep their non-profit status. Not defending Harvard but this article lacks additional facts.

[ROTB]

huh?

Harvard has an endowment of $32 billion!

http://www.usnews.com/education/best-colleges/the-short-list-college/articles/2012/11/27/10-colleges-with-largest-financial-endowments

***

Yeah, I don’t get it either.