Word: payouts
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...example, the Graduate School of Design, which receives 41 percent of its revenue from endowment income, has had to dramatically cut back on planned renovations—such as replacing the large windows in the studio area of Gund Hall—after this year’s endowment payout declined by 8 percent from the previous year, according to W. Kevin Cahill, the school’s facilities manager...
Next year, SEAS will be facing the same 12 percent reduction in its endowment payout as other Harvard schools, an income loss that the school will offset by drawing from the financial reserves it built up in the years before the financial crisis...
...example, the School of Design, which receives 41 percent of its revenue from the endowment, has had to dramatically cut back on planned renovations of Gund Hall—such as replacing the large windows in the studio area—after this year’s endowment payout declined by 8 percent from the previous year, Cahill says...
According to the School of Public Health’s Chief Financial and Administrative Officer Laura T. Ketchum, payout from the University endowment accounts for only 13 percent of the school’s revenue—a smaller fraction than at any other school. Instead, the school relies primarily on federal research funding for its budget...
...original version of the Mar. 2 news article "SEAS Dean To Hire Faculty" stated that the endowment's projected payout for next year will be 12 percent. In fact, the payout will be reduced by 12 percent...