4 ms·
You do realize the endowment funds 1/3 of the operating budget at Harvard? Calling it a "hedge fund" proves you don't know what you are talking about.
by nceqs3 3y ago
You do realize the endowment funds 1/3 of the operating budget at Harvard?
Calling it a "hedge fund" proves you don't know what you are talking about.
- deleted 3y ago[deleted]
- polski-g 3y agoDoes the endowment increase or decrease year over year?
- extra88 3y agoMost years it increases, some years it decreases, like in the Great Recession. The University's operating costs also increase basically every year because a large percentage of staff have union negotiated increases that are hard to counterbalance with cuts elsewhere.
- leereeves 3y agoIt seems fair to judge their priorities by the salaries they pay: "Top salaries at HMC, a wholly owned subsidiary of Harvard, are always much higher than those of University employees. The organization manages the investment of Harvard’s endowment" https://www.harvardmagazine.com/2020/07/harvard-highest-paid-employees https://www.harvardmagazine.com/2020/07/harvard-highest-paid...