ERIC Number: ED045055
Record Type: Non-Journal
Publication Date: 1970-Nov
Reference Count: N/A
Harvard and Money; A Memorandum on Issues and Choices.
Harvard Univ., Cambridge , MA. Univ. Committee on Governance.
This report discusses some of the financial issues and choices with which Harvard University will have to cope in an environment of increased stringency: issues of money-allocation, money raising, and money management. Part I presents highlights of Harvard's recent financial history and its prospects in quantitative terms. Part II presents some general guidelines for the discussion. Part III discusses money spending and raises such issues as: (1) should "every tub on its own bottom" (ETOB) remain the principal rule of allocation; (2) if the scope for central decisions widens, what machinery is likely to produce good choices; and (3) should part of the University's money be spent on non-Harvard charities? Part IV deals with money raising and such questions as: (1) what strategy will raise the most gift money from private sources; (2) is it possible to loosen the link between the way money is raised and how it is spent; (3) government money; (4) the level of student tuition; and (5) improved exploitation of Harvard's physical plant. The final section deals with money spending and such questions as if only money mattered, what criteria and what machinery would be appropriate for guiding investment of Harvard's portfolio; and if not only money matters, what non-financial guidelines should Harvard observe. (AF)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Harvard Univ., Cambridge , MA. Univ. Committee on Governance.