Word: payouts
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Daniel said the Corporation will meet this month to set the net payout from the endowment for fiscal year 2000, an amount that will be unaffected by the market fluctuations in the meantime, he said...
...goal is to choose a payout percentage lower than the growth of the endowment, preventing erosion of the principal...
Currently the endowment payout is about 4 percent. Four percent of $200 million is $8 million...
What is more, the current payout of 4 percent is low, well below its 20-year average rate...
...such, officials on Harvard's end haveexamined--and questioned--Radcliffe's financialsuccess. While it would be inappropriate tomeasure Radcliffe by Harvard's scale, Radcliffe isnevertheless proportionately behind Harvard inthree crucial areas--campaign, investment yieldand endowment payout...