Comment by rtkwe
7 days ago
Yeah they try to make them perpetual by only spending less than their growth each year but with 52 billion you could afford to draw down a billion or two (2.6 billion would be 5%) and that would fund research for years.
7 days ago
Yeah they try to make them perpetual by only spending less than their growth each year but with 52 billion you could afford to draw down a billion or two (2.6 billion would be 5%) and that would fund research for years.
Harvard's endowment could fund all research at the university for many decades.
Harvard chose to roll over for Trump, and I think the main reason is that the board of the Harvard Corporation largely agrees with him.