Word: payout
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Dates: during 2000-2009
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Setting the payout is an ongoing process for the central administration, and culminates with a final recommendation to the Corporation, which must approve the decision...
...University solicited a study from the Harvard Management Company, which invests the endowment, to assess how payout should be determined...
...look at the history of our endowment payouts, we had a couple of years with very big payout increases,” Berman said, “and that disrupts budget planning, even from the deans’ perspective...
Before the recent string of small bumps, the University issued a series of large payout increases—18 percent in fiscal year 1998, a drop to 6.5 percent in 1999, 20 percent in 2000, 11 percent in 2001 and 37 percent...
...make the payout decision far ahead of time, and we don’t have a crystal ball,” said Berman, who had yet to assume her position when those large increases were authorized. “Based on everything we knew at the time, it wasn’t a terrible decision...