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Fiscal Year 2010-11

The MCV Foundation board of trustees has adopted a formula for distributing payout to pooled endowment funds according to the Spending Policy rule. Each fund receives the annual payout amount as of July 1.

Endowment payout per unit for FY09-10     $153.58
Inflation measured for FY08-09 (HEPI)
(For South Atlantic Region)
    2.0%
Payout adjustment for inflation     $156.65
  70%   $109.66
  PLUS    
Three year average market value per unit 2007 $3,598.100  
  2008 $3,263.495  
  2009 $2,494.780  
  Average $3,118.792  
  4.50% $140.35  
       
  30%   $42.10
       
Payout for FY10-11     $151.76
 
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