Even after large stock market losses, if Harvard paid out five percent of its endowment–a requirement for all private foundations except those of colleges and universities–it would increase the school’s budget by $214 million.
They’ve suffered a large financial loss on paper, but so have the rest of us, and lawmakers shouldn’t let the economic downturn curtail efforts for endowment sanity.






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I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Kate
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