When your university’s endowment is 32 billion dollars, every penny counts. Anything that might threaten it needs to be resisted.

So you can understand why Harvard Management Company representatives refused to appear on a panel with a person critical of their management of the endowment. What if something that person said discouraged people from giving to Harvard? What would become of Harvard if its endowment sank to 30 billion?

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One Response to “Because so much is riding on your endowment.”

  1. Mr Punch Says:

    They’d have to cut out hot breakfasts.

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