Harvard kicks off fundraising effort

first_imgHarvard University publicly kicked off a $6.5 billion fundraising campaign today, an effort that, if successful, would be the largest ever in higher education.The priorities that the campaign supports would result in a changed institution, one with a thriving Allston campus, a dramatically expanded School of Engineering and Applied Sciences, modernized student housing, a strengthened global presence, increased financial aid, and an arts and sciences faculty that has more resources to craft innovative educational experiences and to reach across disciplines for fresh insights on difficult issues.Harvard today emerged from what fundraisers call the campaign’s “quiet phase,” during which the institution raises a portion of the total before the public launch. Harvard already has raised about $2.8 billion in gifts and pledges, leaving a target of about $3.7 billion.The public kickoff included a series of events on campus, including a speech by Harvard President Drew Faust at Sanders Theatre; a question-and-answer session with Bill Gates, who left Harvard before graduating to found Microsoft Corp.; and a faculty panel at the Memorial Church on the new frontiers of knowledge.“We launch The Harvard Campaign at a moment when higher education is being challenged to reinvent itself, and we embrace this opportunity for a campaign that aims to do more than merely extend or reinforce long-standing strength and eminence,” Faust said. “The Harvard Campaign calls on us to articulate and affirm the fundamental values and purposes of higher education in a world transformed by globalization and technology, a world filled with promise for improving human lives, a world in which talent recognizes no boundaries, and in which creativity and curiosity will fuel the future.”Harvard’s last campaign, which concluded in 1999, raised $2.6 billion. In the years since, the University has been buffeted by the same financial storms that many others endured during the global financial meltdown. Harvard saw its endowment lose billions of dollars during the crisis, causing operating budgets to sink hundreds of millions into the red and forcing the rethinking of earlier University expansion plans in Allston.The University’s endowment stood at $30.7 billion last year, but Faust cautioned recently against thinking of the endowment as a “checking account” that can be drawn down at will. The endowment is a linked pool of thousands of funds, most of them dedicated to specific purposes — such as named chairs or individual institutes or programs — that must be managed into perpetuity, a feature that limits the funds that can be withdrawn in any given year to about 5 percent.The Harvard Campaign is taking place amid “seismic shifts” in the global higher education landscape, said Faust, who described both the opportunities and the challenges facing the University during a Sept. 10 speech that opened the academic year.The campaign announcement comes at another time of financial uncertainty for higher education. Federal budget dollars, which fund a large portion of University research, are drying up, even as government officials and parents alike are casting a wary eye at rising tuition bills, leaving little room for higher education to make up lost dollars through tuition increases.Meanwhile, on the other side of the ledger, changes to the global higher education landscape are exerting pressure on universities to spend more. The advent of online learning, for example, prompted Harvard to join with the Massachusetts Institute of Technology (MIT) to launch edX, which offers online versions of classes at the two institutions and others for free to students around the world.The Harvard Campaign is organized around several main themes, including interdisciplinary knowledge, teaching and learning, human capital, financial aid, global reach, innovation of all kinds, liberal arts and the humanities, basic research, and the physical spaces where all those things play out.“The impatient future we face together summons us to reimagine how we teach and learn,” Faust said in her remarks Saturday.Officials say that, broadly speaking, 45 percent of the fundraising proceeds will go to research, faculty needs, and teaching and learning; 25 percent will go to financial aid and the student experience; 20 percent to buildings and capital projects; and 10 percent in flexible funding to foster new initiatives and faculty collaboration.Specific priorities mentioned by University officials include development of Harvard’s Allston campus; expansion of the seven-year-old School of Engineering and Applied Sciences, whose classes are in high demand by students; renovation of the undergraduate Houses; and growth in innovative teaching and learning, as well as Harvard’s role in edX; support for the arts and the humanities; and basic research into energy, the environment, neuroscience, and stem cells.“The Harvard Campaign is critical to the University’s ability to fund important priorities going forward, but it is also an opportunity to redefine Harvard and higher education more broadly,” said James Rothenberg, Harvard’s treasurer, co-chair of the campaign, and member of the Harvard Corporation. “This is an exciting time for Harvard, and we are committed to ensuring that the University will continue to have a meaningful impact well beyond Cambridge.”The Gates unveiledBefore Faust spoke, campaign co-chair David Rubenstein, founder of the Carlyle Group investment firm, conducted a revealing and often humorous interview with Microsoft founder Gates, who, among other things, admitted that the awkward and once-ubiquitous three-key combination to restart a computer — control-alt-delete — was a mistake. He also said that, in hindsight, he probably didn’t have to drop out of Harvard after three years, since the opportunities in the software industry would have still been there if he had stayed and graduated.“Though we thought we had to do it that day, a year wouldn’t have made a difference,” Gates said.In response to Rubenstein’s questions, Gates offered a far-reaching view of his life, from his early days as a Harvard applied-math concentrator to his no-weekends-no-vacations-no-nonsense early years at Microsoft to his post-Microsoft years heading the Bill & Melinda Gates Foundation.Gates also talked about his early business dealings with Apple, his friendship with Berkshire Hathaway chairman and CEO Warren Buffett, his bridge-playing habit — which he shares with Buffett — and how Buffett came to give billions to the Gates Foundation.Perhaps not surprisingly, the man who played a major role in the computer revolution, transforming how people work, communicate, and play, has equally large aspirations for the Gates Foundation: to improve education in the United States and childhood health around the world, to eradicate polio by 2018, and, if that effort is successful, turn his efforts to battling malaria and measles.“Many of the problems we work on, it’s amazing how little has been put into it,” Gates said.The most important currencyIn her campaign kickoff speech Saturday in Sanders Theatre, Faust outlined a changing world whose challenges Harvard must meet. The University, she said, can and should lead the coming revolution in teaching and learning. Global problems will bring learning into the field, while technology will bring the world into the classroom and Harvard classrooms to the world.She painted a picture of a future where scientific inquiry is rapidly increasing, making knowledge the most important currency, and where the resources needed to sustain the work of Harvard researchers will be critical.Knowledge itself is shifting, Faust said, and problems of yesterday that required students and researchers to dive deeply into a single field today require work across disciplines. To meet these challenges, Faust said, the University must maintain its ability to bring the world’s best and brightest to campus as both faculty and students. That means, she said, creating a cosmopolitan campus, designing opportunities for strong research, including teaching and learning abroad, and strengthening Harvard’s bonds far beyond Cambridge and Boston.An important part of that development, she said, will be providing the physical spaces for important interactions to occur, whether new buildings or common spaces where people can gather, such as the newly renovated Science Center Plaza.Faust mentioned Gates and other prominent alumni and faculty members as examples of the consistent excellence that has marked Harvard’s history. She also mentioned their works — from poetry to key medical discoveries — as examples of the impact the University can have on society.She opened and closed her speech by talking about legendary Harvard crew coach Harry Parker, who died earlier this year and who not only led the men’s crew to unprecedented decades of excellence, but also said he thought of himself first as a teacher. Faust quoted one of the many students whose lives were touched by Parker.“He made people prove themselves to themselves. It’s like he said, ‘This is what you could be. Do you want to be that?’ ” the student recalled.Faust closed with her own wish for Harvard’s future: “May Harvard be as wise as it is smart, as restless as it is proud, as bold as it is thoughtful, as new as it is old, as good as it is great.”The frontiers of knowledgeThe afternoon events started at the Memorial Church, where a panel of faculty members representing biology, business, medicine, philosophy, and law discussed the importance of both basic and applied research. The panelists spoke of the dramatic changes in their fields during their careers and the importance of training students not just to find new knowledge, but to handle the massive amounts of existing knowledge that technology has made available.The panel was led by Jonathan Zittrain, Harvard Law School professor and professor of computer science and co-founder of the Berkman Center for Internet & Society, and included Hopi Hoekstra, Alexander Agassiz Professor of Zoology and professor of organismic and evolutionary biology and of molecular and cellular biology; Rebecca Henderson, McArthur University Professor and a professor at Harvard Business School; Alison Simmons, Harvard College professor and Wolcott Professor of Philosophy; and Peter Sorger, Krayer Professor of Systems Pharmacology at Harvard Medical School.The panelists related how their fields are being transformed by the ready availability of genetic data, by the globalized and vastly more complex business environment, and by the ability to obtain texts electronically that, a generation ago, would have required trips abroad to physical archives to locate.Panelists discussed the differing roles of businesses and universities in knowledge generation, saying that universities are uniquely suited to create knowledge, while businesses are best able to develop and apply that knowledge. The discussion also touched on the nature of truth — with a humorous nod to comedian Stephen Colbert’s fuzzy truth concept of “truthiness” — on patenting discoveries versus sharing them openly, and on the importance of universities in a rapidly changing world.“I’m afraid the world is going to get rougher in the next … 25 years and I think one of the things a university can be is a place to step back and say what are the things that matter the most,” Henderson said.last_img read more

Trail Mix – King Cardinal

first_imgWell he’s one of those who knows that lifeIs just a leap of faithSpread your arms and hold your breathAnd always trust your capeThese are wise words from one of my favorite troubadours, the late, great Guy Clark, but they sure are tough to live by. Right or wrong, I am a creature of deliberation. Prior to making must about just about any major decision, I ask questions, do research, get my facts straight, and then make up my mind. Prudence is my creed.Not so for Brennan Mackey, songwriter and front man for Denver based roots rock outfit King Cardinal. Mackey put his trust in his cape and went all in on a musical career when he ditched the rise and grind of the finance world in Chicago and moved to Denver. Finding the environment that stoked his musical fire in the Rocky Mountains, King Cardinal was born. After a couple EPs, Mackey and his mates released Great Lakes, produced by Ted Young, who has worked with both Israel Nash and Banditos, late in September.I recently caught up with Mackey to chat about the new record and how his own leap of faith influenced his musical path.BRO – I was just checking out the album cover. Jump first, ask questions later . . . . words to live by?BM – I don’t if it’s a perfect motto for every situation, but it’s definitely done me well. Sometimes people can use being unprepared as an excuse for inaction. That can be a crutch that holds you back. For me, I spent most of my earlier years trying to find other people that had the same passion as me. I eventually said “screw it” and just tried to do it on my own. Once I made that leap, everything just fell into place.BRO – How did the move from Chicago to Denver impact your songwriting?BM – It was the first time I was in a place with absolutely no support system. I focused on writing and playing as many open mics as I could. At dive bars, where you wait around four hours to play three songs, is where I found the community of people that share that same passion. I also moved to town right when there was folk/Americana boom going on in Denver. The Lumineers had already moved on to better things. But being able to watch artists like Nathaniel Rateliff, Esme Patterson, and Sawmill Joe regularly was a huge inspiration.BRO – I am a big fan of Ted Young’s work. How did working with him influence your recording?BM – Ted likes to work live and really lets the recordings develop organically. Since we only had seven days in the studio, we were forced to work efficiently. Ted really pushed us to not overthink things.BRO – We are featuring “Gasoline” on this month’s Trail Mix. What’s the story behind the song?BM – “Gasoline” is about trying to improve but being stuck in the same patterns, regardless of where you are or what you’re doing. You can change your surroundings, but you’re still the same person.BRO – Best part about being a Denver band?BM – The community. Denver is full of some of the most talented and supportive musicians of any city I have ever been to. On top of that, the radio stations, publications, and the city of Denver in general really supports the music.Our Elevation Outdoors readers have a chance to catch King Cardinal this weekend at Mountain Sun Pub in Boulder. After that, the band’s tour schedule is quiet until mid-November, when they hit Minnesota, Illinois, and New York.For more information on King Cardinal, the new record, or where the band will be playing near you, point your browser towards the band’s website.last_img read more

Sevilla give Liverpool Moreno hope

first_img The club’s president Jose Castro confirmed that Brendan Rogers’ side are one of several teams interested in signing the highly-rated 21-year-old, but explained that serious negotiations were yet to begin while emphasising that Sevilla were under no pressure to cash in on the Spain international. “It’s true that there is interest from a number of clubs, above all Liverpool, in him, but we haven’t had proper conversations about selling him,” Castro said in an interview with Spanish newspaper ABC. Liverpool have been told they can sign Sevilla left-back Alberto Moreno – as long as they meet the club’s asking price. “Signing any player from this club has a price and we will decide that price. If Alberto Moreno has to stay at the club he will stay but if a club pays the amount we think is big enough for him to leave, he will leave. But there is no pressure. “We haven’t reached an agreement, but talks haven’t broken down. We’ll wait and see what happens. If Liverpool are interested in the player and pay the right amount, he will be sold.” Last summer Sevilla sold four key players in Jesus Navas and Alvaro Negredo, who both joined Manchester City, plus Gary Medel and Geoffrey Kondogbia, who left for Cardiff City and Monaco respectively. Last season’s Europa League winners have already sold Ivan Rakitic to Barcelona, and Castro made no effort to hide his disappointment at losing one of his top players. The Croatia international moved to the Catalan side for an estimated 18 million euros after failing to agree a new contract with Sevilla. “Selling Rakitic was tough,” said Castro. “He’s a player of such quality and importance to the club, the captain of the team, and when we meet with him we made a superhuman effort to keep him, offering him a contract that was unusual for a club like this one. “He decided he wanted to go elsewhere, and it did not go the way we wanted it too, because the negotiations could have been done differently. “I can assure you that I wasn’t happy at all about Rakitic leaving, because I wanted him to stay here so we could enjoy him, but as he had other ideas, there was little we could do.” center_img Press Associationlast_img read more

Manchester United suffer blow as Louis van Gaal confirms Wayne Rooney knee injury

first_imgManchester United captain Wayne Rooney has been left out of the squad for the Europa league tie at FC Midtjylland on Thursday amid fears he could be out for as long as two months due to a knee ligament injury.The England forward Rooney did not travel to Denmark for the last-32 first-leg match.Van Gaal explained Rooney’s absence during a media conference.Sky Sports claim Rooney is expected to miss six weeks, but Van Gaal said he did not know how long his captain will take to recover from the blow.A two-month absence would see the 30-year-old Rooney miss up to 11 matches with United and two with England, but a six-week recovery period would still be a serious setback for Van Gaal and United.”We have 13 players injured and Wayne Rooney is one of them,” said Van Gaal.”He scores a lot of goals so he is very important for us. We know that but we have to cope.” Rooney has scored seven goals in his past nine appearances for United. He is United’s top scorer with 14 goals in all competitions.United occupy fifth place in the Premier League, six points adrift of fourth-placed Manchester City with 12 matches remaining.Van Gaal said after Saturday’s 2-1 loss at Sunderland that winning the Europa League was looking the most viable route into the Champions League.Rooney’s injury is not only a concern to United’s hopes of finishing in the Premier League top four with national coach Roy Hodgson preparing for the Euro 2016 finals in France in June.England face international friendlies next month against Germany and the Netherlands. He has been blighted in previous years by injury preparing for major tournaments with England. He broke a metatarsal before the World Cup finals a decade ago, and toiled with an ankle injury before the 2010 finals in South Africa.Hodgson said on Saturday that Rooney – England’s all-time record goalscorer – will be ”a player we need to depend upon” in France.Rooney has netted three times in four outings for England this season.–Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more