Questions for the Dean?

DwightEisenhower
Fri, 30 Sep 2011 20:52:25 +0000

^You’re essentially saying 32 billion is a big number so Harvard doesn’t have financial concerns. As I’m sure you know, endowment isn’t the same thing as an annual budget. Most of it has to be wisely invested to preserve Harvard’s financial stability over decades. I don’t know what the numbers are, i.e. how much money Harvard saves by cutting the top end and how much it spends by widening the bottom, and I highly doubt you can merely say Harvard is paying for the latter by doing the former, but given any percentage of choice between the two I don’t fault Harvard for making the call it made.