To: fluorescence
Harvard has a $41 billion endowment, though 80% of those funds are restricted for specific uses set by donors, including scholarship and particular projects. This is a point many folks don't understand. A lot of these endowments don't really belong to the school. Restricted endowment funds are effectively set up as "conditional donations," and the money can be demanded in return by the donors if the conditions of the donations aren't met.
3 posted on
05/07/2020 7:04:22 AM PDT by
Alberta's Child
("And somewhere in the darkness ... the gambler, he broke even.")
To: Alberta's Child
Apparently that means that 8 billion dollars are unrestricted funds. The real hurt was when they had to return several hundred millions in funny money from Red China.
5 posted on
05/07/2020 7:10:56 AM PDT by
hinckley buzzard
(Power is more often surrendered than seized)
To: Alberta's Child
IF that's the case, then Harvard has to start making the same decisions small business and individuals have to make.
What's essential and what to cut.
11 posted on
05/07/2020 7:35:58 AM PDT by
ealgeone
To: Alberta's Child; fluorescence
>
Harvard has a $41 billion endowment, though 80% of those funds are restricted for specific uses set by donors, including scholarship and particular projects.
>
Yep, ‘hurting’ w/ that ~$8B NON-restricted endowments fund *rolls eyes*
12 posted on
05/07/2020 8:04:16 AM PDT by
i_robot73
(One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
To: Alberta's Child
About 20 years ago, Princeton had a Canadian female president.
Somebody set up an endowment for a Western Civilization chair. At least $25M.
She spent the money on everything but Western Civ.
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