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The Water Cooler
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Degree or no degree?? Let's agree to disagree
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<blockquote data-quote="dennishoddy" data-source="post: 3691933" data-attributes="member: 5412"><p>Harvard University has more money in its coffers that many countries have to support their governments. </p><p></p><p>Harvard’s endowment is worth $40 billion—here’s how it’s spent</p><p></p><p>Harvard has the largest college endowment in the country.</p><p></p><p>Harvard Magazine and The Harvard Crimson report that the fund’s total value during the 2019 fiscal year is $40.9 billion — a $1.7 billion increase from the previous year.</p><p></p><p>Harvard’s endowment is made up of more than 13,000 individual funds invested as a single entity and is overseen by the Harvard Management Company.</p><p></p><p>With such a large endowment at the school’s fingertips, some have suggested that the school should use more of the fund to entirely eliminate tuition at the prestigious Ivy League school — while others argue that Harvard’s funds could be better used by recruiting and educating more low-income students, rather than giving free education to their already relatively well-off student body.</p><p></p><p>But in the school’s 2018-2019 financial report, Harvard stressed that the endowment does not give the school full financial freedom.</p><p></p><p>“There is a common misconception that endowments, including Harvard’s, can be accessed like bank accounts, used for anything at any time as long as funds are available,” reads the report. “In reality, Harvard’s flexibility in spending from the endowment is limited by the fact that it is designed to last forever, which is crucial for an institution intended to serve generations of students and pursue research on big questions—questions that cannot be answered in one lifetime.”</p><p></p><p>What a horsecrap response!!</p><p>This information comes from CNBC.</p><p>[URL unfurl="true"]https://www.cnbc.com/2019/10/28/harvards-endowment-is-worth-40-billionheres-how-its-spent.html[/URL]</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3691933, member: 5412"] Harvard University has more money in its coffers that many countries have to support their governments. Harvard’s endowment is worth $40 billion—here’s how it’s spent Harvard has the largest college endowment in the country. Harvard Magazine and The Harvard Crimson report that the fund’s total value during the 2019 fiscal year is $40.9 billion — a $1.7 billion increase from the previous year. Harvard’s endowment is made up of more than 13,000 individual funds invested as a single entity and is overseen by the Harvard Management Company. With such a large endowment at the school’s fingertips, some have suggested that the school should use more of the fund to entirely eliminate tuition at the prestigious Ivy League school — while others argue that Harvard’s funds could be better used by recruiting and educating more low-income students, rather than giving free education to their already relatively well-off student body. But in the school’s 2018-2019 financial report, Harvard stressed that the endowment does not give the school full financial freedom. “There is a common misconception that endowments, including Harvard’s, can be accessed like bank accounts, used for anything at any time as long as funds are available,” reads the report. “In reality, Harvard’s flexibility in spending from the endowment is limited by the fact that it is designed to last forever, which is crucial for an institution intended to serve generations of students and pursue research on big questions—questions that cannot be answered in one lifetime.” What a horsecrap response!! This information comes from CNBC. [URL unfurl="true"]https://www.cnbc.com/2019/10/28/harvards-endowment-is-worth-40-billionheres-how-its-spent.html[/URL] [/QUOTE]
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