Comment by rtkwe
10 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.
10 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.