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Word: payouts (lookup in dictionary) (lookup stats)
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...Grassley, an Iowa Republican, has floated the possibility of mandating a minimum five-percent payout rate for higher education endowments, similar to the current standards for foundations and other charities that receive tax-exemptions...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERSS | Title: Harvard Raises Near-Record $651 Million | 9/15/2008 | See Source »

...Harvard sets five percent as its payout goal but has exceeded that mark only once in the past decade. This is in large part due to consistently high investment returns, as the five percent target is based on a projected endowment growth rate of eight percent, which the last decade of returns has proven to be a conservative projection...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERSS | Title: Harvard Raises Near-Record $651 Million | 9/15/2008 | See Source »

...endowment to support University operations this year, an increase of nearly 25 percent over the previous years. Nevertheless, unprecedented growth in the size of the endowment meant that the University still spent less than five percent of its accumulated wealth, the number that Harvard claims is its goal. Payout rates have become a hotly debated issue in higher education in the last year as Senator Charles E. Grassley, the ranking member of the Senate Finance Committee, began attacking what he saw as “hoarding” among schools with large and fast-growing endowments. Grassley, an Iowa Republican...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERS | Title: $1.6B In Spending; Short of 5 Percent Payout Goal | 9/12/2008 | See Source »

...praise a slew of financial aid increases last year from the nation’s wealthiest universities, including a $22-milion expansion at Harvard, as “self-correcting.” Harvard and other schools with billion-dollar endowments have fought efforts to legislate payout rates, saying that donor restrictions and inconsistent returns require more flexibility than a mandate would allow. “We must balance our use of its income to support the current generation against our duty to preserve its purchasing power for future generations,” University President Drew G. Faust said...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERSS | Title: Senator Grassley Tones Down Threats on Endowment Spending | 9/9/2008 | See Source »

...cost of research has outpaced inflation, so there's a double hit. The NIH has a "pay line" of roughly 14%, meaning it hands out only that percentage of the total money requested. Just 1 in 10 grant proposals it considers "meritorious"--that is, worthy of funding--gets a payout...

Author: /time Magazine | Title: He Won His Battle With Cancer | 9/4/2008 | See Source »

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