[1464] in Discussion of MIT-community interests
Re: urop cuts
daemon@ATHENA.MIT.EDU (Matt Cain)
Tue Sep 30 11:34:40 2003
Date: Tue, 30 Sep 2003 11:06:18 -0400
From: Matt Cain <mcain@MIT.EDU>
To: MIT-Talk@MIT.EDU
In-Reply-To: Your message of "Tue, 30 Sep 2003 10:34:18 EDT."
<87isnatket.fsf@everett.mit.edu>
> > I've heard Harvard's had huge endowment losses and is shutting down
> > some libraries, limiting hours on others, having massive layoffs in
> > their museums, etc. Definitely affecting student services.
>
> I've definitely seen claims that the Harvard endowment is coming
> back. Google finds the _Harvard Gazette_ (apparently their equivalent
> of _Tech Talk_) claiming that their endowment gained 12.5% last year;
> see http://www.news.harvard.edu/gazette/2003/09.25/15-endow.html.
According to The Metro this morning (I never thought I'd use that as a
cite), their endowment did grow 12.5% last year, the first time in 3
years. Their Endowment is now ~$19.1b, 3 times that of MIT and larger
than the GDPs of many small nations...
-Matt Cain
mcain@mit.edu
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