School administrators at Harvard University probably look at each other and grin while "Rich As Fuck" simultaneously plays in all of their heads. Per Bloomberg, Harvard's endowment is now up to $32.7 billion, an 11 percent increase over the past year. Gawker points out that it made more money than Target and just less than AIG. Yup, rich as fuck.
What would any presigious, filthy rich university do in this situation? If you said "ask for even more money," you're correct. As part of the school's largest campaign fundraiser ever, Harvard is asking for $6.5 billion in donations. A portion of that money would go towards research, but the bulk of it would be used to build new dorms.
It doesn't really need the money, but the rich—ahem, wealthy, have a way of accruing even more wealth. Good for them.
