Word: payouts
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Vice President for Finance and Administration Nancy Dunn says the 6 percent payouts have been necessary to fund special initiatives--including Radcliffe's seven-year capital campaign begun in 1992 and the founding of the Public Policy Institute in 1995. She adds that Radcliffe plans to decrease its payout to 5 percent next year...
Harvard has traditionally paid out about 4.8 percent of its endowment to support institutional operations in a given year. In recent years, as endowment growth has exploded, total payout has remained steady, making the current payout percentage about 3.7 percent and falling...
...Harvard were to return its payout to even 4.5 percent for fiscal year 1999, there would be an extra $6 million specifically earmarked for Faculty of Arts and Sciences (FAS) financial...
...This payout--well within the bounds of traditional policy--would enable Harvard to spend roughly the same amount of new money per student on financial aid as Princeton and MIT, and far more than Yale, Stanford or Penn...
...case-by-case basis this spring cost the University between $750,000 and $1.5 million, taken from existing discretionary funds. Formalizing this fall's changes could mean at least an extra $2 million per class, though there are still no plans to pay for this increase with an endowment payout hike...