In a statement Thursday, Harvard President Lawrence S. Bacow said the university would donate the unused portion of Jeffrey Epstein's donations to victims' organizations.
In June, Harvard said it would not return any of the money that disgraced financier and convicted sex criminal Jeffrey Epstein donated to the university. However, Thursday, the school changed course and would donate to victim's organizations what's left of the more than $8.9 million Epstein gave to Harvard. How much is left? A balance of $186,000.
Bacow also said that Harvard had not taken any money from Epstein following his 2008 conviction on charges of sex trafficking. The statement specifically says Harvard even"rejected a gift" Epstein tried to make after his donation.Rick Friedman/Corbis/Getty "The majority of Epstein's gifts were designated for current use, not as endowed funds, and nearly all were spent years ago for their intended purposes in support of research and education," Bacow wrote.
"This is an unusual step for the University, but we have decided it is the proper course of action under the circumstances of Epstein's egregiously repugnant crimes," Bacow wrote.
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