Based on the 2015 financial statements from Harvard, The Harvard University endowment is currently worth $37.6 billion. Of that $37.6 billion, Harvard only spends 5% of the endowment, which is $1.88 billion, which leaves the fund with $35.7 billion. Over the past 16 years, Harvard University has made a yearly investment return of 13%, and if the 2016 fiscal year follows this pattern, the investment could potentially grow by $4.6 billion, resulting in a total of $40.3 billion in the endowment fund. These estimates don’t even include possible university gifts. The fact that all of this money just sits in an account, with approximately 95% of it being unused, is a waste and donors could easily donate to another entity, whether schools or other…
also received a G.I award for being military friendly. Not to mention that they also got labeled the best 100 companies for mothers by Working Mother Magazine. Finally, they also received an award for being the top 50 Fortune companies that are Green Power Users. I’ve learned that the company has been labeled “too big to fail” by the federal government. Met life are currently fighting back the label because they believe that the label will hurt the company in the competitive market.…
To : David Kohler, VP of Product Development From: Aadit Sheth, Leading Life Insurance Company Date: Subject: Long Term Care Insurance Mr Kohler, I am writing to inform you about a new insurance product which I learnt about at the conference I attended last week, as a representative from our firm. The insurance product is actually very innovative and I was amazed at how useful this product would be for our firm as it could enable us to attract a great number of customers. The product is…
Marty Frankel was born in 1954 and he was an American financial criminal who conducted a series of investment frauds since the late 20th century and brought hundreds of millions of dollars in losses. Marty Frankel was born to Leon and Tilly Frankel in 1954. He was Tilly’s second child and Leon's fourth. He went to University of Toledo but he couldn’t graduate. He was overall smart. Martin Frankel was caught in 1999 and in 2004. Judge announced his sentenced, which was up to 200 months in prison…
life-size representation of the anatomy of the human being, and a respected biblical reference. Today, the debate continues about whether or not nudity in art is appropriate. In recent years, one of the most well-known controversy involves a photographer named Robert Mapplethorpe. This artist was noted for his photographs of flowers, portraits of well-known people, and stylized nudes. After he died in 1989, his most quarreled over work was a collection of photographs known as the X Portfolio,…
"Piss Christ" it is one of the most famous works and the most controversial one made by the artist and American photographer Andres Serrano. The full title of the work is "Immersion (Piss Christ)". It is a picture taken in 1987 in Cibachrome print 60x40 cm. The presentation is a small plastic crucifix and wood submerged in a glass of the artist 's own urine. The photography belong to a series that Serrano had made that involved several classical figurines immersed in various fluids like milk,…
In December of 2015, FullCycle Energy named Sam Tabar as its chief operating officer, according to Private Equity Wire. Tabar is an attorney and financial strategist who has spent years managing the budgets of large institutions and corporations. Prior to signing on with FullCycle Energy, Tabar served as Merrill Lynch’s Bank of America head of capital financing. As head of Capital, Tabar worked would introduce hedge-fund managers to large groups of institutional investors that included…
began in 1982 by his predecessor would not be completed until the summer of1991. (Oster287) These Financial Resources of the museum were a portion of the museum’s permanent collection. (Oster287) The Post-World War the Second was the portion of the museum’s permanent collection comparatively weak, and this museum was hampered by the public’s perception of it as the Guggenheim Family’s…
Wounded warriors It does not address “where” it will provide services and “how” these services will be provided. This leaves the WWP open to provide a wide range of services that may change over time (Finkler, et al., 2013, p. 26). The organization uses an accrual based accounting system in accordance with GAAP principles for the consolidated financial statement. While looking at the WWP’s financial statement, contribution receivables and cash equivalents were recorded as assets in the…
company. This partnership arrangement can be profitable for both companies. Banks can earn additional revenue by selling the insurance products, while insurance companies are able to expand their customer base without having to expand their sales forces or pay commissions to insurance agents or brokers. Bancassurance, the sale of insurance and pensions products through a bank, has proved to be an effective distribution channel in a number of countries in Europe, Latin America, and Asia REVIEW OF…