In other words, Harvard doesn't need any more money. But, it will keep getting more money, because everybody loves a winner.
Donors should realize that they get a bigger bang for their buck by donating to think tanks — literally, in the case of the American Enterprise Institute, which was the epicenter of the Iraq Attaq whooping, and is trying to be the same thing for Bomb Bomb Iran.
Here's an excerpt from the American Enterprise Institute's press release on the retirement of their head, Christopher DeMuth:
"AEI grew from a budget of $7.7 million in 1987 to $23.6 million in 2006. AEI has operated at a surplus of revenues over expenses throughout his tenure, with an average annual surplus of more than $1 million. The Institute was $9 million in debt when Mr. DeMuth arrived; today its net asset balance is $76 million, with additional outstanding financial pledges exceeding $60 million."So, $76 million is just a little over 1/2000th of Harvard's $35 billion. Now Harvard has lots of things that AEI doesn't have, but, let me ask you this: Does it have its own war?