Archive for the ‘Harvard’ Category

The Rich get Richer

August 22, 2007

Harvard University reports:

Harvard University’s endowment earned a 23.0 percent return during the fiscal year ending June 30, 2007. With FY07 being one of the best performance years since the inception of Harvard Management Company in 1974, the overall value of the University’s endowment grew to $34.9 billion. . . . The endowment stood at $29.2 billion on June 30, 2006.

Mr. Reynolds comments: “Obviously, this obscene wealth should be subjected to windfall profits taxes.”
Obviously, Harvard is doing well under the Bush Economy.