Word: payout
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Dates: during 2000-2009
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...increasing payout only 2 percent for the third consecutive year will not alleviate much of the existing financial burden on the schools, many of which are staving off deficits...
...These payout increases mark the Corporation’s most cautious stretch since the early 1980’s, and they pale in comparison to the record 37 percent increase during a booming economy just three years...
...Corporation also voted last month to use a payout rate of 3 percent as a benchmark for the future. Berman said the move will hopefully allow payout to keep pace with inflation...
Although the change from no payout growth to 2 percent growth is good news for the schools, Berman said most will have to use the money to alleviate their current situations...
...Sciences (FAS) still plans major expansion, both in its faculty—10 percent growth over 10 years—and in physical space. At yesterday’s Faculty meeting, professors expressed concern about FAS’ endowment income, challenging University President Lawrence H. Summers about the payout rate...