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Harvard suddenly ‘exploring’ issuing $1.65 billion in bonds, suggesting donor falloff is really pinching its finances
American Thinker ^
| 02/28/2024
| Thomas Lifson
Posted on 02/28/2024 11:46:38 AM PST by SeekAndFind
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To: SeekAndFind
Their endowment is over $50 billion…
2
posted on
02/28/2024 11:48:04 AM PST
by
EEGator
To: SeekAndFind
An institution that teaches its students to hate the rich, is begging for loans from rich investors.
Selah
3
posted on
02/28/2024 11:49:25 AM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: EEGator
RE: Their endowment is over $50 billion…
TAX FREE !!
To: SeekAndFind
Harvard really should just go out of business.
It will be the best for everyone.
5
posted on
02/28/2024 11:53:54 AM PST
by
BenLurkin
(The above is not a statement of fact. It is either opinion, or satire, or both.)
To: EEGator
Hence the meme: Harvard is now a hedge fund with day care.
6
posted on
02/28/2024 11:54:37 AM PST
by
anton
To: EEGator
Asset rich, cash poor is my guess.
7
posted on
02/28/2024 11:54:40 AM PST
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: Spktyr
I think it’s indicative of what’s on the horizon economically.
Same reason Blackrock left all ESG BS.
They see what’s coming.
8
posted on
02/28/2024 11:59:14 AM PST
by
EEGator
To: EEGator
The size of its endowment assets is only one consideration. Many -- probably most -- major donations to a school's endowment are in the form of directed contributions that are designed to fulfill a specific purpose in perpetuity. The university can't just tap those funds for its regular operations.
If a university takes a $50 million gift that was supposed to be used to establish and fund a new department, and use it instead to pay lucrative salaries to administrators, then the donor's legal representatives will have no trouble clawing that money back.
9
posted on
02/28/2024 11:59:35 AM PST
by
Alberta's Child
(If something in government doesn’t make sense, you can be sure it makes dollars.)
To: Alberta's Child
Do you honestly believe Harvard is strapped for cash?
10
posted on
02/28/2024 12:01:27 PM PST
by
EEGator
To: SeekAndFind
Yes, Harvard is rich, with an endowment in the neighborhood of $50 billion, but much of this wealth is committed to investments Their endowment hedge-fund can buy the University's debt. What's the bond coupon?
11
posted on
02/28/2024 12:04:18 PM PST
by
PGR88
To: SeekAndFind
Our oligarchy is full of Harvard grads. Fake news.
12
posted on
02/28/2024 12:09:05 PM PST
by
momincombatboots
(BQEphesians 6... who you are really at war with. )
To: SeekAndFind
Harvard now has the respectability of the Biden family. May the flies of a thousand camels come to rest on their Obamastuff.
To: EEGator
Why don’t they just charge their students and extra $10k a year. Biden will write if off anyway.
14
posted on
02/28/2024 12:21:04 PM PST
by
monkeyshine
(live and let live is dead)
To: EEGator
Correct - the old saw of “Well, if you need money, just sell some of the assets” having often been bad advice in the past (along the lines of ‘don’t eat the seed corn, idiot’) now has the giant added problem of the fact that under current economic conditions there’s nobody that can or will buy them and it is only going to get worse. Know someone in Australia who’s the heir to a huge fortune on paper - but it’s all tied up in real estate that cannot be sold and right now is not generating a lot of income due to economic and other (post-COVID) reasons. Lots of fun with their minimal cash flow at the current time.
15
posted on
02/28/2024 12:45:48 PM PST
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: EEGator
Also, Blackrock is now having to make money instead of having enough to throw away - they are *hideously* exposed in the slow-motion Chinese real estate crash right now.
16
posted on
02/28/2024 12:46:56 PM PST
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: SeekAndFind
harvard is so rich it defies imagination
but any fiscal pinch from our having quit donating to their filthy-evil anti-Christian/anti-Jewish hate-mongering training camp is a step forward for justice in America
meanwhile,FUHU!! hey, it rhymes too...hopefully it will catch on as a new buzz-word and go viral! smiles smiles
17
posted on
02/28/2024 12:52:13 PM PST
by
faithhopecharity
(“Politicians are not born. They're excreted.” Marcus Tillius Cicero (106 to 43 BCE))
To: EEGator
Their endowment is over $50 billion Liberal institutions never have enough of other people's money to spend. They should be giving free tuition to all of their students.
18
posted on
02/28/2024 1:20:08 PM PST
by
Bubba_Leroy
( Dementia Joe is Not My President)
To: EEGator
I don’t think Harvard is broke, but I would not be surprised if it has a cash flow problem.
19
posted on
02/28/2024 1:55:48 PM PST
by
Alberta's Child
(If something in government doesn’t make sense, you can be sure it makes dollars.)
To: SeekAndFind
This is the same Harvard that gave Jeffrey Epstein an office
after his conviction.
https://nypost.com/2020/05/02/jeffrey-epstein-had-office-at-harvard-after-2008-conviction/
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