Harvard's endowment hits $34.9 billion

[Scooter24]

BOSTON (Reuters) - Harvard University, already America's richest university, said on Tuesday its endowment grew to a new high of $34.9 billion, boosted by bets on emerging markets, real estate and private equity.

Returns for fiscal 2007, which ended June 30, grew 23 percent, significantly above the 16.7 percent gain posted for 2006 and the 19.2 percent gain reported for 2005.
Harvard, whose investments are closely watched in the asset management industry, also extended its run of beating its internal benchmark and besting the average university's investment returns.

http://news.yahoo.com/s/nm/20070821/bs_nm/harvard_endowment_dc

[originalpckelly]

1. Why Harvard, is that a wad of cash in your pocket or are you happy to see me?

[BlooInBloo]

2. Cool. It'd be nice if they did more to help poor students, but I don't begrudge them their money.

[soothsayer]

You would if you knew how these crooks have executed an economic coup detat

on our government. They're very, very sinister. Harvard's endowment grew from $4 billion in 1992 to over $18 billion in 2000.

this should get you started: (snip)


One of the reasons why, was that Harvard did an excellent job of helping corporations and asset managers in which it was invested in transferring assets from government and, through engineering government policy, from communities and consumers at below market prices ---- Russia, Enron, Harken, HUD not to mention --- I suspect ---a wave of pump and dump stock frauds that transferred private retirement savings out of our pension funds and into private endowments like Harvard.

At this early stage in the process of uncovering these frauds I have eight opening $64 questions for Harvard Management, its advisors and principals, and for those in the Real Deal Media who wish to uncover the truth:

QUESTION 1: What was the connection -- if any-- behind the Harken stock play and Harken's unusual middle east oil investments by George W. Bush and Harvard with the unusual about face of US policy between our Ambassador affirming to Saddam Hussein that we would not interfere with his resolution of tensions with Kuwait and President Bush I's decision to involve America in leading the Gulf War in 1990? If there any truth to rumours regarding kickbacks to Bush syndicate offshore private interests?

much more here http://www.scoop.co.nz/stories/HL0210/S00089.htm

[DS1]

3. And they use a good chunk of that to put poor kids through their school

Good for them. The number is astonishing, but them getting better at making money isn't.

[Scooter24]

4. They made over $5 Billion in just one year

that number is greater than the entire endowments of every University except for the top 7.

On average, the school gets about 5% annually from it's endowment. Just using the income it generated over this past physical year, it would be able to give free rides to well over 6000 students a year.

[DS1]

5. How many free rides does it give out?

[Scooter24]

8. Well the only program that I know of

elmiminates the "family contribution" portion of any financial aid package for students whose family makes under $60k a year. I would say that could be from $5000-$10k a year. How many students qualify for this program? Not sure.

I don't think many "full-ride" scholarships exist at the top ivies.

[NashVegas]

6. They Should Privatize!

Oh, wait. Nevermind.

[soothsayer]

7. Harvard is one of the major crooks running the US (promoting things

that are bad for the US but that make themselves alot of money). According to a report by Harvard Watch, Harvard was all tangled up in Enron, and still has their filthy fingers in PLENTY of pies. here's a bit on it:

Harvard Watch's report is a first step in illuminating the syndicate which has hijacked the Harvard Endowment and used it and Harvard's extraordinary academic and intellectual resources for profiteering of the most corrupt and base kind. We urge the Harvard community to adopt these recommendations immediately.

a pattern of inside dealing between Harvard Endowment, Harvard's Kennedy School and Harvard affiliated appointees at the Department of Housing and Urban Development, the Office of Management and Budget, the Department of Justice, the White House and Congress. The Harvard players continuously pushed for and profited from policies that were not in the interest of the American people and the communities that HUD federal investment and mortgage insurance were supposed to serve.

Some of the policies and tactics were particularly disturbing given the role that Harvard Corporation member Herbert ("Pug") S. Winokur and DynCorp played in contracting to HUD and DOJ on the War on Drugs. DynCorp enjoys extensive contracts with the enforcement and intelligence communities. The period of Mr. Winokur's leadership at DynCorp has been a period of explosive growth of prison populations and questionable enforcement practices driven by perverse incentive systems. This included asset forfeiture and other means of organizing enforcement to generate profits for government agencies, contractors and their informants without regard for the best interests of the citizens. Indeed, the more taxpayers pay for the War on Drugs the worse narcotics trafficking gets. Harvard must disclose its investment in Mr. Winokur's partnerships and the the conflicts of interest between Harvard Endowment's profits on the War on Drugs and growth in enforcement and, hence, prison populations, and the policies that Harvard affiliated government appointees, contractors and academics are taking in support of these policies.

much more here http://www.scoop.co.nz/stories/HL0202/S00009.htm

one of the bottom lines is that privatized prisons are big bizness (there's a TON of money to be made per prisoner, which is why incarceration is at a record high and folks are being held longer). Guess who's in on it? Yes, Hallburton!. http://www.dunwalke.com/9_Cornell_Corrections.htm

[Captain Hilts]

9. That's obscene. Give it to some schools that could use it. nt