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Harvard saw free money, and they grabbed it. It went to "financial assistance to students," some of which I'm sure was what it was (e.g. they presumably helped
by wegs 7y ago
Harvard saw free money, and they grabbed it.
It went to "financial assistance to students," some of which I'm sure was what it was (e.g. they presumably helped students with housing or transportation or what-not), and some of which was surely circular (they billed students for a service, paid for that with public funds, converting public money to private money). I have no idea the split.
But yes, Harvard has plenty of funds to weather this crisis. But no, it didn't get there by turning free money down, or being particularly picky about where money comes from.
The only time Harvard will turn down money is if it is perceived to impact their brand. That's usually done be returning money if they get caught (as with Epstein), but they have been known to do it preemptively in select cases.
- eesmith 7y agoSure, but how is that different from being greedy? That is, the Forbes piece appears to be trying to counter the argument made by Trevor Noah and other that Harvard is being greedy.