Publications' Finances

Publications tend to have alumni graduateboards that are ultimately responsible for thegroups and their finances.

The Advocate, founded in 1866, has atrust fund controlled by Epps and its NewYork-based board of trustees, Liu said.

"None of it is really in my hands," said Liu."When we need money we have to ask the trusteesfor it."

The Crimson, which is financially independentfrom the University, also has an alumni board toensure financial responsibility.

The Harvard Lampoon, a semisecret socialorganization on Bow Street that occasionallypublishes a so-called humor magazine, also hastrustees, according to Treasurer Daryna M. McKeand'96.

McKeand said that the composition of the boardis confidential, but added that she makes mostfinancial decisions without review.

And although the Harvard Independent wasfounded relatively recently, in 1969, it too has agraduate board, founded in the 1970s.

"[The] graduate board looks over our financesseveral times a year and that we call on foradvice on financial and other matters as we needto," said former president Ellie Grossman '95.

Harvard Funds

Student leaders interviewed noted Harvard'sdecentralized system of funding studentorganizations.

Groups apply for grants from the UndergraduateCouncil, the Office for the Arts, the HarvardFoundation for Race Relations and InterculturalAffairs, academic departments and other Harvardoffices.

Thus tracing how much money a group has raisedis somewhat complicated, some student leaderssaid.

And, when embezzling occurs, more likely thannot Harvard money--paid for by student tuition,endowment, and other traditional funds--has beentaken.

In the Yearbook's cases, the cost of thisyear's book may increase. The Kroks and EveningWith Champions are not as affected, because theembezzlers promised to return the funds taken,sources said.