Word: payouts
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Meyer said that whether the current streak of low payout raises continues will depend on macroeconomic performance and the Corporation’s assessment of current University needs...
Harvard’s schools depend on endowment payout to differing degrees, and as a result are taking staggered losses...
...impact coming from last year into this year, where the payout is going up 2 percent, meant we had to raise tuition a little more than we would have liked,” Upson said. “The only question is how fast the tuition will go up. When the endowment was going up much faster than inflation and other things, we were really able to back off on tuition increases...
Ware added that though HSPH has not needed to cut staffing or programs because of the small payout increases, it has been forced to be “very selective about new initiatives...
Harvard Medical School (HMS) closed with a small surplus as well and expects a repeat performance next year, according to Eric P. Buehrens, the school’s executive dean for administration. However, a confluence of factors—including the low payout numbers, investments in building and renovations and plans for future expansion—all mean money out of HMS’s budget and the “potential for significant deficits...