Word: payouts
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Setting the payout is an ongoing process for the central administration, and culminates with a final recommendation to the Corporation, which must approve the decision...
...look at the history of our endowment payouts, we had a couple of years with very big payout increases,” Berman said, “and that disrupts budget planning, even from the deans’ perspective...
Still, as the endowment’s value has ballooned over the past decade—outpacing other sources of revenue, including tuition and federal research grants—the increasing reliance on payout has been seemingly inevitable. And with major capital projects on the horizon, the trend has little chance of abating...
Before the recent string of small bumps, the University issued a series of large payout increases—18 percent in fiscal year 1998, a drop to 6.5 percent in 1999, 20 percent in 2000, 11 percent in 2001 and 37 percent...
...make the payout decision far ahead of time, and we don’t have a crystal ball,” said Berman, who had yet to assume her position when those large increases were authorized. “Based on everything we knew at the time, it wasn’t a terrible decision...