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It's Christmas for Scrooge: Endowment Bulges to $13B

A couple months later Harvard added $95 million to its yearly operating budget by increasing the percentage it dips into from its endowment.

We needed a balance "of financial responsibility between today's Harvard and tomorrow's Harvard," said D. Ronald Daniel, the University treasurer. This, Class of 2003, may become your theme song.

-- Jenny E. Heller

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