Word: percent
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Despite months of market turmoil, Harvard’s endowment returned 8.6 percent for the year ending June 30, growing to $36.9 billion—the largest endowment total in higher education. Many other wealthy universities—including Yale, Princeton, Stanford, and MIT—have seen their endowments grow, albeit at a slower pace, even as the stock market has crashed...
Harvard officially targets 5-percent but has fallen short of the mark in all but one of the past 10 years. Its $1.6 billion payout rate this year—while the largest in University history—still did not break the five-percent threshold...
Representative Peter F. Welch, Vermont’s Democratic congressman, said in an interview yesterday that his bill will likely require endowment spending to meet a five-percent floor over rolling three-to-five year periods, instead of a strict limit that colleges meet the five-percent target each year...
...legislation follows nearly a year of threats from some lawmakers—notably Republican Senator Charles E. Grassley—to mandate a minimum level of endowment spending, which they say would increase college affordability. The five-percent proposal would extend to colleges and universities the level of endowment spending required of other tax-exempt charities and foundations...
...cage-free chickens are still kept indoors and are hence no more vulnerable to avian flu, which travels in the air, than caged chickens. Moreover, 5-10 percent of California’s egg production is already cage-free, and this hasn’t sparked the feared salmonella epidemic. If anything, less densely packed birds are less vulnerable to air-borne diseases and less likely to require antibiotics to stay alive–which explains the endorsements of the Center for Food Safety and Senators Boxer and Feinstein for Prop...