Harvard and the Legacy of Slavery
While some of this certainly feels like virtue signaling and riding the cultural winds of the last couple years, you have to give <i>some</i> credit that they&#x27;re putting their money where their mouth is, with the 100 million dollar commitment.<p>Though, I am very curious where this capital came from and how is it going to be allocated. As for where it came from, I wonder whether it&#x27;s coming from their insanely large $53.2 billion dollar endowment fund (anyone know?)? If so, it&#x27;s just a tiny slice of the gains they&#x27;ve seen on that fund. Apparently, it grew $11.3 billion in value from 2020 to 2021.<p>And from what I can gather from the limited info I&#x27;ve seen, it sounds like they&#x27;re going to setup another endowment fund for this initiative, where much of the $100 million may end up. Will that mean that it&#x27;s essentially just capital that will be invested in the markets and continue to grow, occasionally being tapped for minor initiatives?