Wednesday, April 3, 2013

Stanford's endowment: I benefit directly from parts of it

An unusual thing about American universities is that they are largely financed by philanthropy. The oldest universities tend to have very big endowments. Some of those endowments yield income for general revenues, while others have very specific purposes.

Here's an article from the Stanford Benefactor about some of the endowments that have helped me personally settle in to my new job at Stanford: How to Bring a Nobel Laureate to Stanford

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