At February's Ivy Council summit-held at Harvard-Gee and Dasgupta used their personal bank accounts to finance the IC's activities after one of the group's prospective
Gee used his credit card to pay more than $1,300 in food for the IC representatives, while Dasgupta loaned the IC close to $600 to lodge the summit's guest speakers.
Mo N. Saraiya, a senior at the University of Pennsylvania and the immediate past president of the IC, said the IC has very little liquid money and instead relies almost exclusively upon ad-hoc donations to fund its events.
He also said that it is common practice for the Ivy Council to fund its conferences using personal loans from its members when the donations do not come through.
"People generally do pay for them out of pocket," Saraiya said.
Saraiya, who also loaned the IC $700 at the February summit, said that Gee was mistaken if he expected immediate repayment.
"Robert was told the wrong thing if he was under that assumption," Saraiya said, adding that he also had not yet been repaid.
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