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Harvard is among a very few academic institutions whose endowments have generated stunning returns.
Harvard, Stanford and the other universities whose endowments pursue environmental and social goals are in the minority.
Why not take the colleges whose endowments exceed that per student amount and tax their capital gains?
Payments under the promise to people whose endowments mature after that date will be gradually reduced to around 40%-60 40%-60e maximum amount previously announced.
A $5 MILLION gift may not seem too significant to a wealthy university like Harvard or Princeton, whose endowments are $34.9 billion and $15.8 billion, respectively.
The 65,000 people whose policies mature before December 31 , 2005 will receive maximum top-ups, but promised payments to people whose endowments mature after that will gradually reduce to 40%-60% of the maximum amount previously communicated to policyholders.
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Brandeis is hardly the only college whose endowment has contracted sharply.
Harvard, whose endowment shrank 27.3percentt last year, looked to sell some assets earlier this year.
Harvard, whose endowment stands at a staggering $22.6 billion, had launched plans for a massive expansion.
However, the much wealthier Rockefeller Foundation, whose endowment tops $4bn, is understood to be opposed to divestment for now.
The place passed to the fifth Earl of Rosebery through his marriage to a Rothschild heiress, whose endowment allowed it to remain a private home.
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