It's so tabloid to always mention the endowment in these stories, as if it's a bank account.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's laying off only those that don't fall under a union contract. All colleges and universities will be doing this to non union employees. The endowment is constricted by too many legal requirements to cover this situation. Many of the endowment gifts are restricted, as are mind to Harvard

then shame on you too!

I don't think you understand how endowments work. Mine are restricted to go to certain programs in the law school to fund students I want to fund and programs I want to fund. It can't be touched to pay for non unionized employees. That's just how endowments work. Mine isn't even in the general endowment.

I'm sure that Harvard has plenty of money in its operating budget to keep paying the dining hall staff (costs of admissions events, commencement, conferences, etc.). Heck, they can even use the student activity fees still unspent for the semester.

I hope the students rise up to protest (since they usually protest things that are a lot less worthy).

Anonymous wrote:If they are hourly employees that are sitting at home and not getting paid, laying them off let’s them apply for unemployment benefits.

They are and the Harvard legal counsel's office is assisting them. Harvard is one of the most progressive employer amongst all institutions of higher-learning. It has too because the students protest if they think there is anything wrong. There was one of the "better pay the employees" protests when I was there. It's almost an annual spring rite.

Anonymous wrote:

Anonymous wrote:It's laying off only those that don't fall under a union contract. All colleges and universities will be doing this to non union employees. The endowment is constricted by too many legal requirements to cover this situation. Many of the endowment gifts are restricted, as are mind to Harvard

Weak stuff.

And just what do YOU give to Harvard or your home institution?

Anonymous wrote:

Anonymous wrote:It's laying off only those that don't fall under a union contract. All colleges and universities will be doing this to non union employees. The endowment is constricted by too many legal requirements to cover this situation. Many of the endowment gifts are restricted, as are mind to Harvard

then shame on you too!

I don't think you understand how endowments work. Mine are restricted to go to certain programs in the law school to fund students I want to fund and programs I want to fund. It can't be touched to pay for non unionized employees. That's just how endowments work. Mine isn't even in the general endowment.

Anonymous wrote:It's laying off only those that don't fall under a union contract. All colleges and universities will be doing this to non union employees. The endowment is constricted by too many legal requirements to cover this situation. Many of the endowment gifts are restricted, as are mind to Harvard

Weak stuff.

Unemployment in many states is only about 25% or a bit more of what a paycheck is.

Anonymous wrote:It's laying off only those that don't fall under a union contract. All colleges and universities will be doing this to non union employees. The endowment is constricted by too many legal requirements to cover this situation. Many of the endowment gifts are restricted, as are mind to Harvard

then shame on you too!

Anonymous wrote:Yes but room and board has been paid and is not going to be refunded so...

It is being refunded. Here's the form to apply. https://college.harvard.edu/refund-request-form

Anonymous wrote:but has a $40 billion endowment. C’mon man.

Pretty sure it's around $25 billion next time they report it, lol. That's a lotta dining hall paychecks

If they are hourly employees that are sitting at home and not getting paid, laying them off let’s them apply for unemployment benefits.

Yes but room and board has been paid and is not going to be refunded so...

It's laying off only those that don't fall under a union contract. All colleges and universities will be doing this to non union employees. The endowment is constricted by too many legal requirements to cover this situation. Many of the endowment gifts are restricted, as are mind to Harvard

Anonymous wrote:but has a $40 billion endowment. C’mon man.

This does not surprise me. Colleges employ a lot of low pay local folks who have GED's or High School degrees and do the grunt work on campus. Many times these are third and/or fourth generation employees who "get on" at the Univesity due to benefits and easy job. Many of these employees are single Mom's.

Most Universities don't give a flip about the local town/community. The executives would rather spend the money on a fancy new building or research on some fancy project or
support research internationally than help the folks at home. The poor are always with us and Harvard figures they can just hire some more GED's and high school
grads once the University opens again.

but has a $40 billion endowment. C’mon man.