Word: payouts
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...percent of endowment money spent in a given year is called the payout percentage. Over the last 20 years, Harvard payout has hovered around a 4.8 percent...
...year. Administrators fear that a large influx of money in a good year could be followed by a drought during a bear market. They add that the majority of the endowment is restricted, reserved for certain uses within the University (salaries, buildings, etc.), and so to increase the payout of funds for, say, facility construction would be inefficient in a time when the University is not looking to build...
...This is the additional money Harvard could spend if it increased payout from its $11.2 billion endowment by a mere 1 percent. We believe it should...
This year's payout--a paltry 2.98 percent--is well below the University's oft-stated goal of spending between 4 and 5 percent of the endowment each year on general operating expenses. While it is understandable that Mass. Hall wants to proceed with some caution, this is the lowest payout since 1987. And this tightfistedness comes at a time of unprecedented percentage endowment growth--a healthy 25.8 percent last year. This year's payout of $332.3 million is actually less than last year's when inflation is accounted for. The rising tide of consumer optimism seems not to have...
...year. Administrators fear that a large influx of money in a good year could be followed by a drought during a bear market. They add that the majority of the endowment is restricted, reserved for certain uses within the University (salaries, buildings, etc.), and so to increase the payout of funds for, say, facility construction would be inefficient in a time when the University is not looking to build...