Word: payouts
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Last year alone, total endowment worth grewnearly 25 percent, a net gain of more than $2billion that far out-stripped the 7 percent rateof growth in the payout...
...markets continue to rise, the only way toreach a 4.5 percentage payout will be to increasethe actual sum extracted from the endowment at afar faster rate commensurate with the endowment'srapid growth...
Despite recent market growth, the University'scurrent plans for payout remain conservative...
Endowment payout has been set to rise 7 percentfor this year, FY '98, and 8 percent for the yearafter, according to Knowles' budget letter...
This means payout will rise from $161 millionto $172 million for this fiscal year and $186million in FY '99--not including additions fromthe capital campaign...