Word: budgeting
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...Department of American Art, curator Theodore E. Stebbins, Jr. said he often approached known patrons of American art who had no prior connection to Harvard and were his own friends. While the six other branches of the Fogg Museum received funding from the University’s budget, the Department of American Art, which was established in 2002, was surviving on year-to-year private donations. But in a four-year campaign orchestrated mainly by Stebbins, the department raised $10.5 million that will now be allocated for American art, the Harvard Art Museum announced on Friday. “It?...
Cambridge’s Department of Human Services Programs is among the areas hit hardest by the recent statewide budget cuts announced early last month. Several DHS programs that are funded through state, city, and private grants will see significant cuts to the services they provide for the community, ranging from childcare to adult education, according to DHC officials. The Center for Families, a support program that runs educational activities and provides resources for families with young children, suffered the largest direct cut: the Massachusetts Family Network grant, which makes up most of the agency’s current funding...
...Endowment income currently covers about one third of the University’s operating budget...
...these difficult times, keep our eye on this priority and make choices that continue to enable us to advance our highest priorities University-wide and in individual schools,” Faust said, adding that hiking up the tuition is not a solution to closing the gaps in the budget...
Additionally, Faust warned that the University, one of the largest employers in Massachusetts, will be evaluating its payroll. Compensation costs currently account for almost half of the University’s budget...