Wednesday, September 15, 2010

Despite Endowment Gains, FAS continues with cuts

FAS Enters Final Stage of Cuts

The coming academic year will pose the greatest budgetary challenges the Faculty of Arts and Sciences has faced since the Great Recession struck in 2008, as FAS Dean Michael D. Smith has predicted over the past few months.

The University’s largest school made considerable progress since early 2009, closing nearly $185 million of a $220 million deficit. Now Smith pledges to eliminate the remaining $35 million deficit by the summer of 2012.
“Dean Smith has often stressed that this year would be the most challenging financially,” FAS spokesman Jeff Neal wrote in an e-mail yesterday.

Friday, September 10, 2010

Harvard's Endowment reports 11% Increase in FY2010

Harvard Gazette:

Boston Globe: