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Endowment Payouts Fall Short of University Quotas

Ultimately, the complacency of many faculty members comes from the fact that they have faith in the expertise of the Corporation and the central administrators.

“I’m not a financial wizard in the stock market,” Gabrielse says. “[The Corporation] has to be prudent in averaging out the hills and the valleys. I haven’t tried to second guess them because, quite frankly, they’re better at it than I am.”

—Staff writer Daniel P. Mosteller can be reached at dmostell@fas.harvard.edu.

—Staff writer Kathryn L. Rakoczy can be reached at rakoczy@fas.harvard.edu

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