Another Way To Meet Harvard’s Financial Challenges

Opinion Another Way To Meet Harvard’s Financial Challenges By Julian J. Giordano By Dan McKanan, Contributing Opinion Writer Dan McKanan is the Ralph Waldo Emerson Unitarian Universalist Senior Lecturer at the Harvard Divinity School. Last month, the University released its annual financial report and it showed remarkably good news. The University’s endowment grew by roughly $11 billion to nearly $68 billion dollars. Net assets grew even more, rising from $68.7 billion a year ago to $82.3 billion. Yet the administration still insisted that recent austerity measures were justified.Many Harvard affiliates are wondering, however, why, in such a prosperous year, has Harvard shrunk its research activities and maintained many of its draconian cuts to doctoral admissions?

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