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C0RI0LANUS

(2,164 posts)

3. $5 billion endowment may not be enough for Harvard Medical School?

Reply to mahatmakanejeeves (Original post)

Mon Dec 2, 2024, 10:47 PM

Dec 2

Lincoln College, Illinois (Photo: Google Earth 2022)

Lincoln College, a HBCU, closed in 2022 after 157 years because of a lack of funding and effort to save the school. The college closure was ultimately effected by a cyber security attack. Lincoln College survived the Spanish Flu, the Great Depression, and WWII, needing $53m to keep going. This is pocket change for billionaires like Elon Musk or Bill Gates.

And Harvard Medical School with its $5bn endowment may have trouble making ends meet under Trumpf?

Lincoln College just needed slightly over 1% of Harvard's endowment fund to survive. Now Lincoln College is gone with the wind forever.

Sources:

https://lincolncollege.edu/home

https://www.npr.org/2022/05/10/1097855295/lincoln-college-closes-157-years-covid-cyberattack

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Highlight:

Harvard Medical School Is Facing a Deficit. Under Trump, Some Fear It May Get Worse. [View all] mahatmakanejeeves Dec 2 OP

5 billion endowment jimfields33 Dec 2 #1

This isn't the first time I've read that phrase slightlv Dec 2 #2

$5 billion endowment may not be enough for Harvard Medical School? C0RI0LANUS Dec 2 #3