The Real Story On Harvard's Generosity

Steven Roy Goodman, Boston Globe, Dec 31, 2007
Commentary by Stephen Downes

I have in the past predicted that there will be increasing political pressure on universities. In this item we see criticism of Harvard's tax-free status as its endowment grows by billions of dollars each year. Foundations, the critics note, are expected to pay out six percent of their value eac h year. Why isn't Harvard?
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