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...Harvard Medical School has officially entered negotiations to receive $36 million in funding from its local hospital affiliates over the next three years, The Boston Globe reported Monday...
Unlike most other university medical schools, which own their local hospital and earn revenue from physicians and patient care, Harvard Medical School does not receive funding from its various local teaching affiliates. Instead, the school is funded through government grants and its share in the University endowment...
...recent 27 percent drop in the University endowment last fiscal year has had a significant impact on the Medical School budget, which consists of 42 percent of funding from research grants and 29 percent from endowment income...
Recently in 2009, about 70 full-time employees were laid off or retired early, and the Medical School froze salaries. Daniel G. Ennis—executive dean for administration who announced Friday that he will be leaving the University for a post at Johns Hopkins University—told The Globe that the Medical School expects to break even or come close during the fiscal year that ends June...
Deborah E. Anker, one of Balderas' attorneys on the case and a professor at the Law School, confirmed that the Department of Homeland Security granted Balderas deferred action status, and said that they are "delighted" to hear this decision...