Word: annual
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Dates: during 1970-1979
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...light of this dependence, Radcliffe launched a fund drive to mark its 100th anniversary last year, to raise $10 million over five years for endowing and improving existing Radcliffe programs and to increase alumnae giving to $1 million annually within three years. Once again, Radcliffe's numbers look puny next to Harvard's--the University plans to raise $250 million over the same period, and its annual giving topped $7.5 million this year...
However, many still associate the art programs here with Radcliffe because Radcliffe pays for the majority of the programs' expenses out of its annual budget. The rest of the funding comes out of President Bok's discretionary fund. Mayman says that Radcliffe pays for most of the programs because of "tradition." "There are some programs that were specifically developed by Radcliffe and Harvard doesn't want to pay for them or have anything to do with them," Mayman says. "Radcliffe developed the pottery studio and will continue to pay for it." The programs that Bok pays for are those that...
While the younger Bok may have looked out of place on Brattle St., he would have been right at home in the old John Hancock Building in downtown Boston, where dozens of jewelry readers, Tarot wizards, and palm scanners gathered last night for the first annual "Psychic's Festival...
...University has also found it cheaper to run Harvard Management than to pay outside managers, Putnam adds. This year's HMC annual report says its salaries are "comparable with other first-line institutions," but goes on to say the cost of running the company is one-third of the average in the field...
...matter what choices Harvard makes in the stock/bond mix, however, and no matter how successful HMC is in increasing annual income from the endowment, inflation stands in the wings ready to devour the most impressive investment record. Even the hundreds of millions the Harvard Campaign will tack on to the endowment will only delay the day of reckoning if double-digit inflation continues. In years of 10 to 12 per cent inflation, like 1974 or this year, the real value of the endowment will fall despite the best record in the stock and bond markets...