Radcliffe is also paring down administrative costs.

As part of the University, Radcliffe can slim down a number of now-redundant positions. Harvard, for instance, will manage Radcliffe's sizeable endowment portfolio, eliminating the need for a separate manager in Fay House.

Radcliffe is quietly shrinking its central administration through attrition: several staffers who have recently departed have not been replaced, while others have been shifted into new roles.

Dunn says she has no plans to fire employees, though.

"My hope is that we won't have to lay anybody off, but can take advantage

of movement and reassignment," she says.

With funds freed up from administrative deadweight, Radcliffe can shift money into the research centers and educational programs that are its lifeblood.