Harvard Business School raises a record $598.7m

The Boston Globe reports:

Harvard Business School has raised nearly $600 million in a multi-year capital campaign that will fund student financial aid, faculty recruitment, technology initiatives, new global research centers, and building projects on the school's campus along the Charles River.


The school said the sum, which is set to be publicly disclosed today, is the largest ever raised by any business school and surpassed Harvard's goal of $500 million. That goal was established when the capital campaign was formally launched in 2003, though business school leaders and fund-raisers laid the foundation for the campaign by soliciting early commitments from large donors as far back as 2000.

They have a massive funding raising drive.They don't pay real estate taxes.They don't pay taxes on their endowment.They get federal grants,and students loans to subsidize the cost of their tuition.What a business model!