Harvard's Endowment
My goodness, I guess the old saying is true: it takes money to make money. But this also raises fundamental questions about why the dining hall food was so subpar:
Harvard University's endowment has surged past the $25 billion mark, the school said Friday as it named an interim head of the successful, quasi-independent company that has helped make the university the wealthiest in the world.Harvard said departing money manager Jack Meyer earned a return of 19.2 percent for the university last year, helping boost the endowment to $25.9 billion.
I think I should be writing to them and asking for donations, and not the other way around. 19.2 percent!


