Word: payouts
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...Corporation has approved a significant increase in the payout from the endowment for the academic year 2009 which means that we have more money available for this initiative from the School’s financial aid endowments,” Ennis said...
TAKE THE CASH A large lump-sum payout might entice those ready to retire, but a tax-deferred plan may ultimately be a safer...
...statement. “No high school senior should rule out applying to Stanford because of cost.” Stanford will spend half of its total undergraduate tuition revenue on financial aid for the upcoming school year. To fund the new aid program, Stanford increased its endowment payout last year by 5.5 percent. The university also plans to double its financial aid goal to $200 million in their ongoing fundraising campaign. Stanford raised $832.4 million in 2007, more than any other university for the second consecutive year, according to The New York Times. Three out of every four Stanford...
...wedded to a mandatory payout requirement,” Gerber said of Grassley. “He always says he doesn’t jump to impose more requirements on any non-profits, including universities...
...exempt,” said Sen. Charles E. Grassley (R-Iowa), who has championed the 5 percent mandate, in a statement Monday. “American taxpayers are subsidizing that tax-exemption, and they deserve public benefit in return.” Yale previously targeted an endowment payout rate of 5.25 percent and Harvard currently aims for 5 percent, but both universities consistently fall short of those goals. “We always aim for 5 percent, but we also have to be cautious,” said Harvard spokesman Joe Wrinn, citing the volatility of endowment growth. Harvard?...