Word: payouts
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Dates: during 1990-1999
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...some in the Harvard administration, it was hard to overstate the importance of yesterday's boost in endowment payout...
...Faculty of Arts and Sciences (FAS) and its dean, Jeremy R. Knowles, stand to gain the most from the payout increase by virtue of FAS's control over 40 percent of the total endowment...
Knowles says graduate students and undergraduates can expect more as a result of the endowment payout increase, "anything from a mouse house to faculty to infrastructure...
...over the past ten years the payout-the percentage of endowment money withdrawn and used in the budget every year-has not kept pace with the market, as top administrators hoarded Harvard's money for a rainy...
...fell swoop, Harvard has increased the payout by 20 percent, a quantum leap away from an average increase of about 10 percent per year. The fiscal conservatism of the last decade seems to have been thrown out the window...