In making money for Harvard Mr Pusey demonstrated to all universities that they need not be paupers.
ECONOMIST: Nathan Pusey
Nathan Pusey was the first non-New Englander to be made head of America's oldest college (founded 1636).
Nathan Pusey, for all his financial skills, was at heart a scholar.
"So there needs to be a range of ways in which we bring those back into use, where possible working with owners, " Mr Pusey added.
BBC: Councils 'must fill empty private homes' says charity
Mr Pusey said local authorities could take over the management of homes for a period of time, charge the owner and rent to people in need.
The lesson has been well learnt by Mr Pusey's successors.
It was a glamorous time for some Harvard students in Scott Fitzgerald's jazz age, but for Mr Pusey it was all hard grind keeping to the tough terms of his grant.
Mr Pusey always sought to pay his teachers well.
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