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Radcliffe reduced ... again.(Newswatch)(Brief Article)

Women in Higher Education

| September 01, 2003 | COPYRIGHT 2003 Women in Higher Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Once Radcliffe College MA, established in 1879 as an alternative for women who were refused admission to Harvard University, was a proud place, one of the Seven Sisters, elite Northeastern colleges that admitted only women.

Now what's left of Radcliffe is so financially strapped that on July 10 it reduced the workforce by one-quarter, notifying 38 employees that they were out of work.

In 1999, Radcliffe "merged" with Harvard, being downgraded to The Institute for Advanced Study, doling out grants to researchers. At the time, Harvard agreed to double Radcliffe's endowment to $300 million and provide 14 years' worth of additional transfer payments, which ranged from $3 million to $4.5 million a year. ...

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