Word: payout
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...view was the University was insufficiently utilizing its endowment, that it needed to increase significantly the payout ratio so as to be an academic institution rather than a financial institution,” said former University president Lawrence H. Summers...
...things we’ve asked them to do is to up the spending rate and try to identify priorities,” Faust said. “So what we’ve been talking about is really the use of the strategic payout...
...short cover letter addressed to the senators, Faust stressed Harvard’s commitment to expanding access to those from poorer backgrounds, while suggesting that a blanket policy—like Grassley’s talk of mandating a five percent payout rate—might be ill-advised...
...state penalizing monetarily successful universities—namely Harvard—for being just that. Only eight schools in Massachusetts have endowments over $1 billion: Harvard, MIT, Williams, Boston College, Amherst, Wellesley, Tufts, and Boston University. But with a $34.9 billion endowment, Harvard would see the greatest payout by far. The university with the next-largest endowment, MIT, has $9.98 billion...
...payout increase for the next academic year was approved for all University endowments and not just for the Medical School or financial aid endowments, according to a Medical School administrator...