Under an agreement of intent to merge signed yesterday Harvard and Radcliffe will:
end Radcliffe's days as an independent college and instead create a new Radcliffe Institute for Advanced Study under Harvard's auspices.
replace the post of Radcliffe president with a new dean.
admit all undergraduates as Harvard students.
fund the new Institute with $150 million from both Harvard and Radcliffe. An additional $50 million from Radcliffe will help fund undergraduate financial aid.
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convert all Radcliffe property to Harvard ownership, preserving Radcliffe occupancy.
foster programmatic and curricular interactions between the new Institute's participants and the University community.
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