Word: payout
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Dates: during 2000-2009
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While Kirby noted that the 2 percent payout from the Corporation was an unexpected plus (please see story at left), he said that the rising costs of the Faculty, combined with increases in fringe benefits rates, offset the payout increase...
Comparing the 12 percent endowment increase to the 2 percent growth of payout, Mendelsohn wondered what happened to the other 10 percent...
...argue with an economist of your stature,” Mendelsohn replied. “But payout is less than half of what it’s been to the Faculty in the past few years...
...Harvard Corporation voted last month to increase endowment payout 2 percent for the next fiscal year, a meager gain that will nevertheless mark a real decline in the amount that schools receive from the endowment annually...
...decision, which affects endowment income for the 2005 Fiscal Year—beginning next July 1—comes despite earlier projections that the Corporation would hold payout steady, which would have resulted in an even larger real revenue loss for schools across the University...