Friday, March 17, 2006

I stand corrected...

In my post about the non-existence of Harvard, I mentioned that the Harvard endowment is about $20 billion. This article in Inside Higher Ed puts the figure at $25 billion.

My apologies to any Harvard folks who were offended by my under-estimation of their endowment. I did not mean to imply that Harvard is scrounging. By the way, the article's argument that the Ivies need to enroll more low-income students rather misses the point -- Harvard didn't get a $25 billion endowment by admitting the poor.

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