Check out the interesting Op-Ed in today’s Times. Carroll Bogert, associate director of Human Rights Watch and Harvard ‘83, brings up a number of questions about the nature of endowments and how they should be structured. I think that there is a growing awareness of the power of endowments, and whether their tax-free and publicly unaccountable nature is unfair. Sure enough, the Feds decided they should step in, and we sent Congress a bunch of data in February.

Agree or disagree with Bogert, it’s clear that this issue is not going away anytime soon. Actually, I’d bet that our endowment growth this year has been less than spectacular - of course, I have no way of verifying that guess. In any case though, I look forward to talking about this stuff in the coming few years. If anyone sees more opinion or news on these issues, make sure to post it!