Word: payout
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Dates: during 2000-2009
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...exempt,” said Sen. Charles E. Grassley (R-Iowa), who has championed the 5 percent mandate, in a statement Monday. “American taxpayers are subsidizing that tax-exemption, and they deserve public benefit in return.” Yale previously targeted an endowment payout rate of 5.25 percent and Harvard currently aims for 5 percent, but both universities consistently fall short of those goals. “We always aim for 5 percent, but we also have to be cautious,” said Harvard spokesman Joe Wrinn, citing the volatility of endowment growth. Harvard?...
...their show from now on,” she said. “We hope to bring more dollars to the table to make it even bigger and better.” Endowed gifts are administered centrally by the University, Gergen said, and schools receive an annual payout that usually comes to about 4 percent of the principal. While this is the largest one-time gift to the Center, Gergen noted that Leslie and Abigail Wexner have been the institution’s largest overall benefactors. Leslie Wexner is the CEO of The Limited, a women’s clothing...
...spend on traditional e-mail and IM. When you can reach all of your friends through Facebook or MySpace, there's little reason to spend time in your old-school inbox. So, if social networking is becoming e-mail 2.0, then perhaps Microsoft's recent $240 million dollar payout for such a small stake in Facebook isn't that ridiculous...
...hefty potential payout comes on the heels of a similarly bold move by Live Nation over the summer. In August, the king of concerts decided not to renew the contract that gave Ticketmaster exclusive ticketing distribution for most of Live Nation's 29,000 annual events, a loss that will rob the ticketing giant of about 20% of its sales. Instead, Live Nation is pumping up its own in-house ticket distribution arm, already the third largest in the world, which gives it a direct link to the music fans attending its shows. Not to be outdone, Ticketmaster significantly increased...
...ways to regulate university endowments. The move brought a rebuke from Harvard, which insisted that Congress should not dictate how university funds are spent. At a Finance Committee hearing on Wednesday, senators considered measures including the repeal of university endowments’ tax-exempt status and mandating minimum yearly payouts to help lower tuition costs. The discussion at last week’s hearing focused on the spectacular growth of university endowments, which collectively increased by 17.7 percent to dollars in fiscal year 2006, according to testimony at the hearing. Average tuition for four-year colleges in the United States...