For your information…the deans and vice presidents are meeting this month to discuss the current endowment payout rate. If you’ll recall, the rate was reduced due to extraordinary market conditions present a year ago. The upcoming discussion could, but might not, change the rate back to its original amount of 4%. As a result, the distribution that would normally be posted effective December 31 will not be posted in December. Once we have more information, we will post the distribution effective dated January 1.
If you have questions, please contact Dave Heaps or Theresa Ashman.
