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Harvard Nets Nearly $9M in Coronavirus Aid
- mullingitover 6y agoGiven that Harvard's endowment is over 40 billion dollars, this feels like people giving Bill Gates reddit gold in his AMA.
- Finnucane 6y agoThat’s how much it was before the collapse, it’s a little less now. Also, endowments aren’t like checking accounts. You can’t withdraw money arbitrarily. Income from the endowment is expected to defray the costs of operations, and most of the funds are contractually earmarked for specific purposes. When the income goes down, it’s a problem for the university.