Word: percenting
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...strategic infrastructure fund, an annual 0.5 percent levy on Harvard’s endowment created in 2002 to support capital projects in Allston, may fall short even of future expenses demanded by existing plans, due to a projected 30 percent drop in the endowment’s value this fiscal year...
Planned spending from the SIF had assumed a long-term average growth rate of 8.25 percent on the endowment—a target that Harvard would fail to meet given this year’s endowment return, said University President Drew G. Faust in an interview last week...
...been in the works for almost two years. Despite recent reassurances about commitment to House renewal from University Hall, University President Drew Faust questioned expanding the House system in December, when she challenged the desire for and affordability of new Houses in Allston. The endowment’s 30-percent drop over the past fiscal year certainly could not have been far from mind...
...Solving this problem would seem, at first, to be simply a matter of funding. If the endowment cannot sustain a major capital expenditure, then find a donor like Harkness. When schools like the GSAS are cutting their admissions by 10 percent, the College has no right to demand more comfortable housing—however crucial it may be to intellectual development. So why not turn to Rich Uncle Pennybags, some...
...Harvard Divinity School saw an 11 percent increase in total applicants this year, prompted in large part by the weak economy and HDS’s increased efforts to reach prospective students, said Maritza S. Hernandez, associate dean of student services at the school...